I no longer have a computer that my itunes was on and I want to put on new laptop will it recognize the old one no longer exists

I no longer have a computer that my itunes was on and I want to put my music on new laptop.  will it recognize the old one no longer exists?
How do I share with a new computer.
How many devices can I share on again?

http://discussions.apple.com/docs/DOC-3141

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