If I buy upgrade, can I still use previous version?

I am sure this question is answered on the Adobe site or in the forums somewhere, but I can't find the answer.  I'm hoping that someone can point me to the official Adobe policy.
I am thinking of upgrading from CS4 to CS5, and one of the considerations which would affect my decision would be the ability to keep and use the older version on my 2nd computer (a laptop).  Is this allowed?   Currently I have to de-activate Photoshop on my desktop PC and activate it on my laptop in order to use it while travelling, and I always forget to do that, so I end up not using Photoshop on my laptop at all.

This question is only partly answered. His subject line question is not fully answered. His specific variation of the question is answered though. I am still trying to find the answer to his Subject line question. If an owner of an eligible older version of an adobe product buys the upgrade version. Can you keep using the previous version and then install and use the new upgrade copy on a different computer?
The way this was answered so far, sounds like regardless of the upgrade, that a single version copy is allowed to be installed on a desktop and laptop for mobility reasons.

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