Verizon Wireless has announced today the Samsung u310 Knack, a new low-end clamshell cell phone. It is available now for $40 on contract, and features the following:

• 2.2" display
• CDMA 1X data
• Verizon's messaging services
• Dedicated 911 key
• Speakerphone
• Voice command buttons

Source: cellaz.com