Sony targets teens with Mylo

Sony Corp (NYSE:SNE - news).'s latest effort to capture the hearts, minds and money of teens and twentysomethings is a Web browser, messaging program, wireless phone and digital music player all rolled into a handheld gadget that goes by the name Mylo.

The features can be found on just about any midrange cell phone these days, but there's one key difference: The Mylo works on any Wi-Fi wireless Internet connection, so you can surf the Web or chat on campus, at the coffee shop, in the bookstore or wherever there's an 802.11b hotspot.