HP has unveiled the Pavilion DV2 - the first ultraportable laptop to run on AMD's Athlon Neo processor.

The Athlon Neo is a low-power processor that AMD hopes will compete aggressively with the Intel Atom processor that has proved so successful in netbooks.

The 12.1in laptop that comes with a 1,280x800 WXGA LED display features a 320GB hard drive, 4GB of RAM, and an ATI Radeon HD 3410 graphics chip with 512MB of video memory.

Weighing 1.8kg and measuring 292x240x237mm, the HP Pavilion DV2 laptop runs Windows Vista, features a glossy black casing with chrome accents, a keyboard that is 92 percent of a standard size keyboard and a mirrored touchpad.

The HP Pavilion DV2 comes with an optional Blu-ray drive

The laptop has both HDMI and VGA video outputs, three USB 2.0 ports, an integrated webcam, plus Ethernet and Wi-Fi connectivity. A solid state drive (SSD) version is available and a Blu-ray optical drive is an optional upgrade.

The HP Pavilion DV2 will be priced from £499. No availability details have been released yet.