Not really assuming you take the proper precautions; dismounting databases,
stopping services, having a good backup standing by.  You also need to
remember to remove any old OEM software left behind that is used to monitor
hardware, drivers, etc.  Those use up resources that you probably won't want
to be wasting.

The usual advice is to spin up a new VM, install Exchange and migrate
mailboxes using the native methods.

Of course, as Steven mentioned - make sure your resources are adequate,
especially the storage you plan to host this on.  Every virtualized Exchange
horror story i've heard of has been the result of poorly planned storage or
virtural resources (over committment).

-alex

On Tue, May 11, 2010 at 2:25 PM, Shih, Henry <hms...@ci.livermore.ca.us>wrote:

>  We plan to perform a p2v on our Exchange 2003 server because the hardware
> warranty will be expired soon. Is there any issue of performing p2v on
> Exchange server?
>
> Thanks.
>
> Henry Shih
> City of Livermore
> *****www.ci.livermore.ca.us* <http://www.ci.livermore.ca.us/>
>
>

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