Yes, you should be able to have both. Most distros of Linux autodetect an install of windows. Depending on the distro, you will either use the old fashioned LILO boot loader or the more advanced GRUB. Now, a full install of UBUNTU is gonna cost you hard disk space! So I would look at their scaled down version, I believe it's called kubuntu. Just get onto the site here and look down in the right hand lower corner:
http://www.ubuntu.com/
Investigate the four or five optional distros there and find the one that is scaled down.
The reason why I say this is that an average Linux distro with all the goodies, will easily take up 4 - 10 gigs of hard disk space... 2 - 4 gigs right away, + download updates by the galore and Ubuntu has the largest library of free software, so you gotta have room. You want the scaled down version to make room. You have to maintain at least 2 gigs for Windows 98. So youre not going to have a lot of space left!
Make sure you download the right version for your computer. If you have a 32 bit processor than you want what is called the x86 version of the distro, NOT the x64.
Installing Ubuntu should be relatively simple and effortless on an older computer like yours. Just make sure you know what you are doing when you make the hard disk choices..so if I were you, I would go out to Linux.Org and Ubuntu forums and start reading up on installing and the problems on the forum on installation FIRST before you do ANYTHING! Make sure your important windows files are backed up first.
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