This work gives an overview of a new technology that is attracting growing interest in public as well as in the computer industry itself. The visible difference from other technologies is in the use of a pen or pencil as the primary means of interaction between a user and a machine, picking up the familiar pen and paper interface metaphor. From this follows a set of consequences that will be analyzed and put into context with other emerging technologies and visions.Starting with a short historical background and the technical advances that begin making Pen Computing a reality, the new paradigms created by Pen Computing will be explained and discussed. Handwriting recognition, mobility and global information access are other central topics. This is followed by a categorization and an overview of current and future systems using pens as their primary user interface component.