Office installation on new computer

[Hello]

Hi,
I have an old computer in which office 2007 prof. version is installed and
licensed. Since it's a couple of years old and we've been moving a lot, Ive
lost the original office 2007 installation CD that goes with this computer.
Now I want to replace this computer with a new one, however I still want to
use the license that has been installed on it. Meanwhile I bought myself a
laptop that came with an office 2007 prof.version installation CD and license
for the laptop.
My question is simple:
Can I use the office 2007 installation CD I got with the laptop and install
it on the new computer (that will replace the old one) and use the license
from the old one (that will be replaced and completly erased).

Thank you,

 

[DL]

If you have a retail version of 2007 its licensed for two devices