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Licensing - MS 2003 Server and Terminal Services

We have a need to setup a new Windows server with terminal services for 10 clients. This is my understanding of the licensing requirements:

MS 2003 Server 10CALs
2003 Terminal Server 10CALs

I need an expert to confirm this is what we need.
1 Solution
That is correct, you license the server for the number of users, then license Terminal Services (TS CALs) for the amount of users that will TS into the server (NOTE: read section 5. of this - http://www.microsoft.com/windowsserver2003/techinfo/overview/quickstart.mspx for the type of CALs that you need to purchase - it also may mean you need to buy more).  Bear in mind that you need to license the apps that you are installing onto the server - Microsoft Office, for example, must be licensed for the maximum possible amount of users that could log in to the server.
Be aware of the 'complimentary Windows XP TS CAL' changes as set out in: http://www.microsoft.com/windowsserver2003/howtobuy/licensing/tsletter.mspx

Best of luck.

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