Handspring will launch two new products in its Visor line of handheld PDAs (personal digital assistants) on Monday. The new devices, called the Visor Neo and Visor Pro, will replace the older Visor and Visor Deluxe models and will be officially announced by the California-based company on Monday in time for the crucial holiday season, a spokeswoman from the company's UK office said.

The devices will be available in Britain on Handspring's website from Monday, according to the spokeswoman. The devices could hit the shelves of retail stores as soon as Friday, according to a report in The Wall Street Journal newspaper.

The Visor Neo, priced somewhere around £140, will come with 8MB of memory and will be available in casings of red or blue, while the Visor Pro, priced at around £200, will feature 16MB of memory, a rechargeable lithium-ion battery and a silver casing, the report said.

Last month, Handspring lowered its suggested retail prices for its Visor line of handheld PDAs in an attempt to make its products more competitive in a portable computer market that is becoming increasingly crowded.

Both Handspring and market leader Palm are facing stiff competition from relative newcomers Compaq, Sharp and Sony. Furthermore, Toshiba and NEC both have plans to debut on the Japanese PDA market with their own devices by the end of the year.