The Pulse SmartPen created by Livescribe may be *the* thing for students to consider, especially if they take a lot of notes or if they can’t write very fast (or at least can’t keep up with the teacher). I recently purchased one and will give students turns in using it during a course. With this pen, files which contain the corresponding audio can be uploaded and viewed by others at the Community site.
Some interesting scenarios in the form of videos, including the ability of the SmartPen to translate words to other languages can be seen on this page called Sneekpeek.
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