Can I install XP on 2 PC's without a special liscense?

I have an academic version of the Microsoft Windows XP Upgrade software (I used to have windows 98). Does the liscense cover installing XP on two PC's? I've just finished building my new PC, and it occured to me that I hadn't actually bought the OS yet!
So, can I install XP on the other machine as well? They will be networked, with my current PC accessing the internet through the new one. Also, since it's upgrade edition, will it have problems of upgrading from the same liscense of windows 98 on two seperate machines?

Thanks for your time!

 

In a word...NO. Microsoft's End User License Agreement (EULA) permits only one copy of an OS to be installed. Two PC's = two licensed copies of XP. The same applies to a laptop. You have to pay for the license.

Someone else here may be able to clarify, but you may be able to contact MS and buy a license (i.e. key) for a discounted price, thouch I'm not 100% certain about that. I recall reading about it in a forum somewhere...

 

Ah, ok. I don't have a problem with buying a new one, I just didn't want to do so if it would go to waste.