These specs, are they good enough?

AMD 1000Mhz
512MB SDRAM
40GB HD

Are these specs any good for a Windows 2003 Dedicated server?
I want to run a hosting company from there (not mine, just move it there), will it be any good for small-medium ASP/ASP.NET powered websites?
There are approximately 150 domains there.
Another question, will it be possible to install SQL Server there?

Thank you for any reply as iv'e never done this before,

Mike.

 

 

 

 

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