i personnally hate laptops. you don't get anything called performance with them except hole in the pocket.
i checked out that link for the lappies in the range you need. man, i have got to admitt, i have never been so surprised. that 150$-250$ stuff is crap.
minimum config is::Pentium 150 Mhz, 32 MB, 2 GB(that's the size of my RAM), No CD Drive
maximum config is::Pentium-2 300 Mhz, 128 MB, 8 GB, CD Drive
sorry to say, that is more suited to be burried in the ground.
man, they are ridiculously slow. even the anti virus ll eat up all the processor.
i am currently using core 2 duo E6600, 2gb RAM, 160gb hard drive n all the other stuff. compare this to that lappy. i feel sorry for it.
you better invest some bucks now rather than feeling guilty(yes, accept it, you ll be crying after you purchase it) afterwards.
i hope you understand. better to prevent and prepare rather than repent and repair!
if you are to take my advice, go for this one::(its on that site only)
Compaq Evo N410C
Pentium-3 1200 Mhz, 512 MB, 40 GB, CD (In Docking Station) Drive, 12.1" Display, Pre-Installed Win 2000 Pro, 6 Months Warranty, Refurbished by USA Notebook -- $369.00
only 70$ more than your range
but still this one is a lot better than the other ones