An anonymous reader writes "As Dell's (DELL:NASDAQ GS) board reviews three competing proposals for taking the company private, including a $24.4 billion deal led by founder and CEO Michael Dell and Silver Lake Partners, the company has announced it is entering the suddenly crowded smartwatch sweepstakes along with Apple, Google, and Samsung. The twist is that Dell's product will target the low end of the market — the extreme low end, in the words of CEO Dell, because 'that's where most of the world's customers are'. Dell's smartwatch, projected to cost just 19.99 USD ($319.99 before Dell's mail-in rebate) will allow children in developing countries to communicate via voice and text, collaborate on school activities, and perform native-to-English voice and text translations with the help of Dell's new ARM supercomputer. Dell says premium models will also perform translations in the reverse direction, i.e. English-to-native. Open Source advocate Eric S. Raymond, who joined Dell for the conference call, stated 'this is the beginning of what I call the Bazaar Wrist model of the mobile Internet. It'll be a battle of ideas against what I call the Office Tower Wrist model that Apple and Google will be selling.' Billionaire investor Carl Icahn, who recently launched a rival bid for Dell, labeled the product an 'a pig in the poke' as well as a 'distraction and extreme waste of shareholder value', adding that his $7.44 Wal-Mart watch 'works just great for me and probably anyone else'."