Could I just ask that when you make threads you pick a descriptive title (rather than, "Can I....")? I've changed your last few, as it will help people spot thread they can answer
I run a full linux web / mail server at home on a p3-733 and it goes fine. If you're new to linux (especially the server side of it) go to http://www.contribs.org and grab a free copy of their SME Server. It's an all in one server solution thats very easy to install and administer and comes with everything you'll need to get going.
If windows is your choice of OS then as Ian says - XAMPP is a good place to start.
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