1. GRANT OF LICENSE. Microsoft grants you the following rights provided that you comply with all terms and conditions of this EULA: 1.1 Installation and use. You may: (a) install and use a copy of the Software on one personal computer or other device; and (b) install an additional copy of the Software on a second, portable device for the exclusive use of the primary user of the first copy of the Software.
Q. How many times can I install Office 2003 Editions?
A. You can install one copy of Office Professional Edition 2003, Office Small Business Edition 2003, and Office Standard Edition 2003 on your main computer and another on your laptop computer for your exclusive, but non-concurrent use. To install a version of these Office 2003 Editions on more than these two computers, you must obtain another license for the program.
You can install Office Student and Teacher Edition 2003 on up to three computers in your household if a household member is qualified.
You can work with Office 2003 Editions at your desk and when mobile. Note Licenses for the 2003 release of Office acquired preinstalled on new computers are single-computer licenses that cannot be transferred or installed on another computer. ----- I'm wrong on the PC and laptop issue but it doesn't mean you can install it on 2 PCs.
The point of the bit about the laptop is you cannot use the two concurrently (i.e. at the same time). So you can buy a copy of Office and install it on your PC and your laptop. You can use the PC in the Office and the laptop when out and about.
Oh and i re-read the last bit - "Note Licenses for the 2003 release of Office acquired pre-installed on new computers are single-computer licenses that cannot be transferred or installed on another computer." So i was half right on that...