I have installed 11.5.8 and R12 on the same windows machine successfully. I installed R12 on a server running 11.5.8. After installation both run smoothly (but not fast -- my machine is only 2GB in memory and is a standard Pentium 4 PC).
Because disk space was low, I had to compress both instance. No problem arise yet, even on patching.
The only problem was I had to change 11.5.8 to use cygwin because I removed all MKS Toolkit.
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