Can winxp & win7 be installed simultaneously

Hello,
can i install win xp & win7 64or 32bit in my laptop simultaneously i have intel centrino processor with 8 gb of ram & 500 ggb hdd Will it conflict with win xp 32 bit win7 64 bit
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More about winxp win7 installed simultaneously
  1. You Can very well install both with dual boot but you must install them in different partitions!
    First install XP in your C: drive and Then install Win7 in D: Drive,

    This Guide will help you
    http://www.sevenforums.com/tutorials/8057-dual-boot-installation-windows-7-xp.html
  2. Depending on what you need XP for, you could also consider using it in a VM, either MS' own Virtual PC (for Win 7 Pro/Ultimate) or VMWare.
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