Published: 03:20 PM EST
BlackBerry maker Research in Motion plans to enter the  touchscreen tablet market and compete with Apple's iPad this November,  when it will release the "Blackpad."
Two people familiar with the plans 
confirmed the product to 
Bloomberg, and the device will reportedly be called the "Blackpad." RIM already acquired the blackpad.com domain name this month.
The hardware is said to sport a 9.7-inch screen, identical to the iPad's  dimensions, will also be priced similarly to Apple's touchscreen  tablet, which starts at $499. It will include both Wi-Fi and Bluetooth,  and will allow users to connect to the Internet through their  BlackBerry. Apple does not currently allow iPad users to access 3G  cellular data networks with their iPhone.
Sources said that RIM has no plans to undercut Apple's iPad pricing, as  the company hopes to make additional profit from its tablet rather than  sell a huge number of devices at a lower price.
"RIM is stepping up its competition with Apple on multiple fronts,"  author Hugo Miller wrote. "The company is hosting an event in New York  Aug. 3 at which it will debut its BlackBerry 9800 slider phone,  according to one person familiar with its plans. The device will feature  a full touchscreen like Apple's iPhone and a slideout Qwerty keyboard  to allow for easy e-mail typing, the person said."
The report also cited analyst Ashok Kumar with Rodman & Renshaw, who  said the hardware will include front- and back-facing cameras for video  conferencing. Earlier this month, Kumar told 
AppleInsider that Apple was planning on a 
hardware fix  for the iPhone 4 antenna to address reception issues. At its iPhone 4  press conference, Apple did not reveal any plans for a hardware fix, and  instead announced it is 
giving away free cases for all handset buyers through Sept. 30.
RIM's Blackpad will be one of a number of devices that aim to compete with Apple's iPad, which sold 
3.27 million units in its first quarter. On Thursday, Microsoft Chief Executive Steve Ballmer indicated that his company intends to have a 
greater presence this year in the "slate PC" market, as his company has dubbed it.
Computer maker HP also hopes to leverage its 
$2 billion acquisition  of Palm as it releases its own tablet later this year. HP's offering  will be based on the webOS mobile operating system, which is expected to  
hit version 2.0 later this year.
Also slated to arrive this year are tablets based on Google's 
Android mobile operating system. In April, 
The New York Times  reported that the search giant was exploring the idea of creating its  own touchscreen tablet that would allow users to read books and browse  the Internet.