Are compaq presario computers any good?

I'm getting my first laptop this saturday, and I was told that the newest model compaq presario is fairly decent- the best for the price.

My brothers best friend is a computer technician and can easily upgrade anything if need be.

I'll just be using it for school, I have the Windows 7 software already (MS word, powerpoint, excel, etc.), browsing the internet, iTunes... I'd like to use it to play Sims 3 if that's possible, too.

Are they any good? I'm sorta tight on my finances at this point and I want to spend no more than $500. If you have any other suggestions, I'm open, but what is the quality of this laptop?

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