Microsoft chairman Bill Gates is expected to unveil a new portable video player from Toshiba tonight during his opening keynote at the Consumer Electronics Show here in Las Vegas, one source told vnunet.com.

The video player will be part of Toshiba's Gigabeat line up of portable music players. The product currently offers only hard drive based players with photo viewing capabilities.

Toshiba stayed numb on a portable video player during a press event this morning, but did say that it will be shipping a flash-based 512Mb and 1Gb portable player player in February for $119 and $149 respectively. The player features a full colour display is about the same size as an iPod mini.

Toshiba's Yoshi Uchiyama shows off his flash media player

Tags: CES, Toshiba, bill gates, ipod, apple