The new Palm Pre is coming

Here the another one iPhone competitor's coming! This is a thinner, smaller smart phone model called the Pixi, part of its effort to turn itself around.

With the Pixi's launch, Palm said it was cutting the Pre's price to $149.99 with a two-year service agreement with provider Sprint Nextel Corp. and after a $150 instant rebate and a $100 mail-in rebate. The Pre previously cost $199. The move makes the Pre more competitive with the iPhone, which starts at $99.