06/19/2009 05:12 am ET | Updated May 25, 2011

Sprint's Palm Pre's $200 Pricetag

NEW YORK -Sprint Nextel Corp. plans to start selling Palm Inc.'s much anticipated new smart phone, the Pre, on June 6 for $200. The device could give Palm a much-needed boost in sales and help Sprint stop the defection of subscribers to other wireless carriers.

The price -- which requires a new two-year service and data plan and a $100 mail-in rebate -- and the launch date are both close to what industry watchers were expecting.