Is OEM licence legal to use?

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From: isme (anonymous_at_discussions.microsoft.com)
Date: 02/13/04 

Date: Fri, 13 Feb 2004 00:22:45 -0800

if you buy a Windows XP Professional OEM license alone,
can you install on your home PC & register to Microsoft,
is that consider legal?

Rgds

isme

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