That depends.
If Windows XP is retail yes.
You can transfer/reinstall the retail license all you want as long as
it is only installed on one computer at a time.
If windows XP is OEM, probably not.
Generally with OEM, the license is permanently tied to the original
computer regardless the condition of the computer.
One of the many reasons you paid less for OEM than retail.
Read the license agreement for more details.

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Jupiter Jones [MVP]
http://www3.telus.net/dandemar
http://www.dts-l.org
>I am not sure if this is the proper place to post this question, but,
>I want
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> CD for my
> laptop?