Palm is back with a 3.3-inch device that’s billed as a companion for your smartphone

Sometimes companies experiment with new product categories. Sometimes those experiments prove to be hugely successful – see Samsung’s Note line – and sometimes, well, not so much. It’s probably too early to tell what fate the new Verizon-exclusive Palm will have, but for now the device is a head scratcher.

First off, it’s called Palm. Just Palm. Like the company. Like the brand, that’s now owned by TCL (which makes Alcatel and BlackBerry smartphones these days). Oh, and it’s not a smartphone. It may look like a tiny smartphone, but it isn’t.

Instead, it’s a $349 gadget that has LTE…