OS Related Query

Question

Hello sir,
           If I want to install Visual studio 2010,2008 both in same OS (windows 7 home basicwith sql server 2008,2005. Will it work or not?
My computer & OS has following configuration:
Windows Edition: Windows 7 home basic
Processor :Intel(R) Pentium(R) Dual CPU E2140 @1.60GHz 1.60GHz
Install Memory(RAM) : 1.00 GB
System Type: 64-bit Operating System
Product ID : 00346-OEM-8992752-50258