On Sunday, Handspring will lower the price to $269, a $30 drop from its current price and $130 less than it cost when it was introduced in March.
Both Palm and Handspring have seen lower demand for high-end monochrome models as buyers willing to pay several hundred dollars for a device were willing to pay slightly more for a color model.
In addition, the product did not contain Handspring's hallmark Springboard expansion slot for adding memory and other accessories. The Edge could accept such modules only with a somewhat cumbersome add-on backpack.
The Handspring cut comes amid a flurry of other price moves as handheld makers try to lure holiday shoppers. Just this week, Palm cut $50 off the price of its midrange m125, Sony cut the price of its high-end model, and Compaq Computer launched a $50 rebate on one of its new iPaq models.