Fusion Garage introduces the JooJoo cloud tablet

Fusion Garage founder and chief executive Chandra Rathakrishnan on Monday announced the JooJoo, a cloud-based, 12.1-inch tablet device that will retail for $499 (£300).

"This product is the first of its kind to boot within nine seconds," Rathakrishnan said. "It's truly what comes closest to instant-on."

The device is the phoenix that rises from the ashes of a fallen CrunchPad, the tablet device the company originally intended to develop with popular technology blog TechCrunch.

For more on this story, see Fusion Garage announces JooJoo cloud tablet; swipes at TechCrunch on ZDNet.com.