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The info about the upcoming handset codenamed VE240 appeared on the official Motorola site. The phone is supposed to be classed as a budget product.

Motorola VE240 is implemented in the candy bar form factor and equipped with a rather small screen. However, no detailed specifications are available on the site yet. The presence of media player controls puts the handset among inexpensive music-oriented solutions. The gadget sports a microSD slot. Motorola VE240 might be supposed to support Bluetooth and operate in CDMA networks.
Source: SMAPE
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