Can SQL Server 2005 and SQL Server 2008 be installed on the same server?

We have a Windows Server 2008 R2 machine running SQL server 2008. Another application requires SQL server 2005 to be installed. Would there be any adverse effects of having both?
IT-JesseAsked:
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plusone3055Connect With a Mentor Commented:
nope you can install both.. Not sure why you would want to do that.. but I have 05, 08, and 12 on the same machine works fine
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IT-JesseAuthor Commented:
Thanks!
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