Palm Inc., hoping to regain footing in the smartphone field, introduced a new, inexpensive device on Thursday.
The Centro is listed at $99.99, making it the least expensive smartphone. It will share the operating system and many of the same features as the companys Treo, including e-mail and Web access, video, music, a touchscreen and full keyboard.
The new phone will be available for the first 90 days or so exclusively through Sprint Nextel. It is expected to be released in mid-October.
The announcement helped advance Palms stock on Thursday. It was up 6.3 percent to $16.40.