[9] It originally shipped with Windows CE 1.0, but in September 1997, an 8 MB model with NiMH battery pack was announced at a price of $839.99, and Windows CE 2.0 offered as a free future ROM upgrade for all newly purchased Velo 1 units.

[9] The MIPS processor in the unit, the PR31500, incorporated a digital signal processing (DSP) unit to allow the processor to take over audio processing and signalling responsibilities, eliminating the need for dedicated DSP circuitry or modem.

The PR31500 also offered improved code density compared to previous MIPS-based products by allowing pipeline stalls to occur and thereby eliminating no-operation instruction usage in certain situations.

[8] The choice of processor reportedly made its performance snappy compared to other devices, such as the HP 300LX or HP320LX.

It featured up to 24 MiB of RAM as well as an upgrade to the software modem, which operated at 28.8 kbit/s, a digital voice recorder and shipped with Windows CE 2.0.