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You can still do this with Microsoft Office 2003 (Latest version) but you are not legally allowed/supposed to do this with Windows XP.
Also, depending on the laptop maker, the Windows XP disk that came with it is most likely made specifically for that laptop. It may have a custom drivers section on the CD made to install the laptop hardware. It will also be what is called an "OEM" install and will most likely not allow you to upgrade your current PC. If you were to try to do it, it might make you install a "clean" version of XP which would then make you lose all your program settings. (Not data or documents, just the program install info. So you would need to reinstall all of the apps.)
But to answer the original question. Windows XP that comes preloaded on a PC or laptop is licensed ONLY for that specific PC or laptop.
Good luck.
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