The term related to the early mobile communications industry referring to 'People', 'Information' and 'Entertainment' delivered to your hand in the form of a portable computing device. Decades before the advent of 3G, WiFi & Smartphones it was still a very 'conceptual' idea. At the time, there were a lot of different technology sectors with many of the large technology companies producing different types of devices. Sony, Sega and Nintendo fought bitter wars over their different gaming consoles.
Mobile Telephony was just starting to emerge with the likes of Hutchinson's 'Rabbit' and Mercury's 'One2One' mobile phones and mobile computing was just starting to develop in the form of the Psion Organiser, Apple's Powerbook and early IBM Thinkpad laptops. Indeed, it wasn't until April 2000 that the iPaq Pocket PC was launched. Satellite Television too was being offered in those days by 'BSkyB', the company that has since become 'Sky TV'