The computer, dubbed Balance, comes loaded with the Linspire operating system and the OpenOffice.org office suite, the companies said.
The companies said Balance is the lowest-priced laptop currently available with an operating system and an office suite. It features a VIA C3 1-GHz processor, 128MB RAM, a 30GB hard drive, a CD-ROM drive and a 14.1-inch liquid crystal display. The software includes a built-in firewall to protect users from viruses, spam and pop-ups.
The laptop launch comes as part of Wal-Mart's efforts to market low-priced consumer electronics. The retailer has sold other inexpensive PCs and notebooks, some of which come without operating systems.
The Balance laptop is available at Wal-Mart's Web site.
Discuss: Wal-Mart debuts $498 Linux laptop
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