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is this good specs for a laptop?

Intel Celeron M Processor 380 [1.60GHz, 1MB L2, 400MHz FSB]
Configured with 512MB DDR2 SDRAM (both slots may be occupied)
40GB (5400 RPM); Enhanced IDE (ATA-6) hard disk drive
CD-RW/DVD-ROM drive
15" diagonal TruBrite TFT active-matrix LCD display
1024x768 native resolution (XGA)
Intel Graphics Media Accelerator 900 with 8MB-128MB dynamically allocated shared graphics memory
Atheros 802.11b/g wireless-LAN
Battery Life: Up to 2 hours, 36 minutes (6-Cell battery)
RGB (monitor) output port, S-Video output port
Universal Serial Bus (USB) ports (v2.0) - 3 ports
Microphone input port, Headphone output port
RJ-45 LAN port, RJ-11 modem port
Toshiba Satellite A55-S1064 15" Laptop w/ 1.60GHz Intel Celeron M Processor 380

i want to know if i can find a laptop for about 700 bucks but a good one?

These are good specs. Try to get an 80gb hard drive in it instead of the 40 and make sure that the hard drive is 7200rpm - for better speed performance. Also, put in a DVD-writer instead of the Combo drive if you plan to use the laptop for atleast the next 2 years. This processor supports 1mb L2cache with Execute Disable Bit feature and SIMD Extensions 2 - Very good specs indeed.

Active Matrix Binem Demonstration - Low Res - Full Demonstration