During the merger of Palm and Handspring, Palm regained its founders and the merged company focused strictly on hardware. Handspring executives Jeff Hawkins and Donna Dubinsky founded Palm in 1992, following Hawkins' invention of Palm OS, the Graffiti handwriting recognition language and the first Palm handheld device. Like other Palms of its generation, the m515 has a 33MHz DragonBall VZ processor at its core. It also comes with the Palm 4.1 OS, which supports USB connectivity. In addition, the OS sports several enhancements, including vibrate and flash alerts and the ability to write Graffiti simultaneously while using the virtual keyboard. In addition to the signature applications--such as Address Book, Calendar, and Expense; Palm throws in some bonuses. You get Palm Mobile Connectivity software for connecting your handheld to your cell phone in order to access the Internet.