Released in 1999 by 3Com, the four-ounce (110 g) PDA has an aluminum enclosure containing a Dragonball EZ central processing unit (capable of overclocking to 39 MHz) and 2 MB of memory. Measuring 4.5 inches (110 mm) tall and less than 0.5 inches (13 mm) thick, the device's 16-shade grayscale display has a backlight and increased resolution from the previous-generation Palm III. Unlike that older device, which uses disposable batteries (AAAs), the Palm V has a built-in rechargeable lithium-ion battery with an expected charge lasting 1–2 weeks. Palm Vs are equipped with a serial port that is electrically though not physically compatible with the EIA-232-D telecommunications standard (the redesigned enclosure design prevents Palm III-compatible accessories from connecting to the port) and a Consumer IR transceiver.

The current one has the dock station with charger and stylus. It works, but the battary must be replased. Palm OS is installed with German localization.