2 years ago the prototype of readius saw the light and now this prototype became a reality and will compete with Apple's iPhone and Amazon's e-book reader Kindle when it hits the stores in mid-2008

Readius is the world's first gadget that has a folding screen. When you want to read the news, blogs or check your e-mail just unfold the screen and you are set to go. The device also lets you make phone calls. Readius is the size of a cell phone and has no problems fitting into your pocket.

Readius has an electronic paper screen, which displays black-and-white text and images that look almost like they have been printed on paper.

Users will be able to set up their e-mail accounts, news sources, podcasts, audio books, and blog feeds at home on their computer, and the data is then pushed to the device whenever it is updated.

They idea of the device is to quickly browse the web on the go. In the future the company plans to add a keypad to the device, at the moment it has 8 buttons.