IBM's research group yesterday unveiled a new technology, designed to double the memory capacity of servers based on Intel processors.

And, eventually, it could have the same memory-boosting benefits for PCs and handheld devices, IBM says.

Dubbed IBM Memory Expansion Technology, or MXT, the technology will be used initially in industry-standard, Intel-based servers such as IBM's Netfinity, the company says.

MXT could help Internet service providers and large corporations save millions of dollars in memory costs, according to IBM.

Big Blue plans to demonstrate the technology today at the PC Expo show in New York City. Details about pricing and availability weren't immediately available.

MXT makes use of a new cache memory design that allows data to be stored and manipulated in a computer more efficiently, IBM says.

Cache memory refers to a kind of data reservoir that sits close to the microprocessor in a PC and stores frequently accessed information, leading to faster performance.