Welcome to the CH forums.
You don't say which OS you have installed, XP is assumed. You may have a problem if you didn't use the original install disk supplied with the laptop.
Half a gig of ram should be ok but on
this site a hard drive with "Capacities of up to 100gb" is mentioned.
Others will probably be able to give more detailed info than I can and I recommend you looking at a Dell specific forum.
Good luck