If your renewal has 3 licenses included with it then yes you should be able to install McAfee on it. You will of course have to download and install in each machine separately.
As Tom says also what brand of netbook and what Operating system? There is a reason for me asking...
Tom K3TG: so one can indeed download the program within one's account on McAfee?
Tony: Asus, Windows 7.
Thank you both.
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Yes you can and asus has no issue with Mcafee so no worry there