Hey I've recently decided to get into the whole video editing production, editing, etc. and basically I'm wondering what would be the best setup for music video and short film editing? I currently have a 2 year old compaq presario 700 notebook, which has been working pretty damn well for all my photoshop, illustrator and flash needs (which I have been doing for lil over a year). Anyways, I am fairly inexperienced with the actual computer specs thing, but I'll give it my best shot....
~AMD Duron Processor
~697 Mhz
~240 mb of ram
~18.6 GB total on C drive

No questions about camcorders, Ive got that sorted out. But do you think I should keep my current laptop and just purchase external hardrives w/ firewire connections? Or just get a new comp all together? I have a 1300 dollar budget...hopefully wont have to use it all. So get a new comp or just stick w/ my old one? Any other options? If you need any info on my current comp, just tell me whacha need (and how 2 acces it ). Oh yea, XP Home edition. And if anybody has any questions on graphic design, I will be more then happy to answer them.


Any help would be VERY appreciated.