In case you’re new to our site, the benefits of ‘Organic Light Emitting Diode’ over ‘Liquid Crystal Displays’ is that with OLED you do not need a backlight as the individual pixels themselves produce their own light (aka, they glow) when supplied with power.

Without the need of a backlight, the display screen can be much thinner. This tends to make the colors more vivid, perfect for a nifty little Netbook. The downside of course, price.

The rumors can be traced back to Smarthouse, the Australian technology and media magazine who claim that ‘inside sources’ have slipped and released the info accidentally about two companies which are in talks to produce a 10 inch Netbook later next year, just in time for Christmas, and that this Netbook will feature an OLED touch screen made by LG.

Word is spreading fast, and although there is no way to confirm this rumor, it is creating much speculation and excitement over what the new Netbook will be like, how much it will cost, what operating system it will feature, etc. etc. etc.

Netbooks are generally a lot cheaper than standard laptops, retailing for less than $500. Keep checking back for your chance to buy one here as soon as they are available!

LG introduced e-Book, an ecological laptop concept that uses fuel cell batteries and features organic light-emitting diode (OLED) display technology. This concept notebook received a Red Dot Award nomination for “Best Concept Design” for 2006.

The batteries of the LG e-Book use natural gas, methanol, and other eco-friendly liquid fuels. The fuel is stored in a transparent cylindrical hinge.

The LG’s future laptop uses organic light-emitting diode (OLED) panels for display instead of the current liquid crystal display (LCD) panel. Unlike LCD, OLED does not need a frame around it, and it consumes less electricity. The keypad will also be made of a singe OLED panel, like the one used in LG’s Chocolate Phone, according to the report.

No information on when production of this model will begin…