Verizon Wireless this week is releasing its first netbook computer running on its 4G LTE network, and it represents a precious victory for Microsoft in the mobile market — but not for its Windows Phone operating system. The machine runs Windows 7 Starter, a stripped-down version of the company’s PC operating system.

The Compaq Mini CQ10-688nr — how’s that for a sexy name? — will be released on Thursday, selling for $450 with a two-year contract. Mobile broadband plans will sell for between $30 and $80, depending on the size of the data plan.

More details in this Verizon Wireless news release. Also see Microsoft’s rundown of the limits of Windows Starter.

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