Two decades ago there was a 8-bit desktop computer that almost everyone seemed to know about or own.

Called the Commodore 64, roughly 17 million units were sold, making it one of the most popular PCs of all time. But it disappeared after the original company went out of business in 1994. Now, after all this time, the brand is back.

According to Wired, Italian entrepreneurs have acquired rights to the Commodore name in several countries. Massimo Canigiani and Carlo Scattolini have therefore put the name to use and designed something called the Commodore PET. It's an Android 5.0 Lollipop handset with a focus on gaming.

In fact, it will ship with two emulators built in. The PET also features a 5.5-inch 1080p IPS display, 64-bit 1.7 GHz octa-core processor from Mediatek, a 13-megapixel f/2.0 camera with dedicated shutter button, a 3000 mAh battery, and a polycarbonate rear shell that you can swap out to change up the colour.

A 16GB variant with 2GB of RAM will cost about $300 unlocked. If you want 32GB of storage and 3GB of RAM, you'll be have to shell out $365. Both include a 32GB microSD card.