Skype error code 1603

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Previously successfully downloaded Skype onto old laptop but can’t get it to download on newer model. It’s operating on Windows XP (32 bit) and IE version 8. I get to the language window, it says “we are improving your Skype experience” followed by a fatal error message “1603″.

What is the code 1603? Does it mean my pc is not capable to run the skype?

 

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