Running SW2007 & 2009 on same computer

Hi,

I'm currently running SW2007 on a stand alone PC. I would like toinstall sw2009 on the same computer without stuffing up my sw2007installation.
I downloaded and started installing sw2009 to the point where itasked me to delete the existing (2007) License Manger.

My question is:
Can I install sw2009 on the same computer?
Will the new License Manger still recognise my SW2007 as well assw2009?
Any other issues?

Thanks for any help

HeinzSolidworksAdministration