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Mitsubishi to make Net cell phone

Mitsubishi Electric plans to market an Internet-ready cellular phone.

Mitsubishi Electric plans to market an Internet-ready cellular phone in the United States, according to the Nihon Keizai Shimbun, Japan's largest economic newspaper.

The phone, slated for sales in the fall, will come with a liquid crystal display and will allow users to send and receive Internet email, as well as access weather, stock, and other information, the newspaper said.

The Mitsubishi-developed phone is capable of displaying four lines of text and will transmit data at 19.2 kbps. Telephone services that make transmission possible for these kinds of devices will be inaugurated this year, according to the report.

Mitsubishi is working jointly with National Dispatch Center, a California-based company, to develop the technology. Users of the phone will access the Internet through National Dispatch's computers. Mitsubishi Electric has invested $1 million in the U.S. firm.

Mitsubishi will sell the phone for around $700.