Many people have a misconception about install CDs. Developers used to make the CD/DVD install mandatory to ensure that the installer had a legitimate copy of the program. If the setup program does not require a disc check then you can simply copy the setup file to a flash drive as Speed Figure suggested, or even burn the file to a CD if it makes you feel better. You can even save multiple copies in different folders if you are paranoid about losing a program. If you do this make sure that you use folders on different drives in case one drive fails.
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"Don't believe everything that you read on the Internet." -- Abraham Lincoln
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