Ellison to unveil $199 Web appliance

New Internet Computer Co., a closely held San Francisco company owned by Larry Ellison, will unveil a $199 machine that is designed to do little more than surf the Web and send e-mail.

Ellison, chairman of Oracle Corp. (orcl) and currently in the running for world's richest man, will show off the device at an event in Dallas that will include donations of more than 1,100 machines to schools there. Full story to follow. -- Wall Street Journal