NEW YORK (TheStreet) -- Microsoft (MSFT) may not be ready to give up on Windows RT just quite yet. The company has invited journalists to an event in New York, later this month, where it's expected to announce a new Surface tablet to compete with Apple's (AAPL) popular iPad mini, as well as the recently introduced smaller tablets running the full version of Windows. According to a report from TheNextWeb Microsoft is planning "a small gathering" in New York city on May 20th presumably to introduce a new, smaller Surface device.
Although such a device has been rumored for a couple of years, few details about a new Microsoft tablet are actually known. The mini Surface (Apple might have a problem with a device actually called Surface Mini) may have a touchscreen in the 7-to-8 inch range (maybe a 7.5-inch, 1080p display) with a 4-to-3 aspect ratio - similar to the iPad mini.
Microsoft shares were losing 0.33% to $39.30 in premarket trading in New York.
The new device is expected to run the Windows 8.1 RT operating system on, possibly an ARM-based (ARMH) processor manufactured by Qualcomm (QCOM).