TechRepublic has posted an article about how to install Windows Server 2008 on a computer that does not have a DVD drive.
There are two ways. The first one that they noted is that users can use the Windows Pre-Installation Environment boot environment. They mentioned that if a user is booting from a 32-bit environment such as the Windows PE disc, then he or she cannot launch a 64-bit version setup.
The second way is by redirecting a hardware to an image file. This method can be accomplished by using products such as the HP Integrated Lights-Out and Dell Remote Access Controller.
Source: TechRepublic

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This is why a smart tech always keep at least one spare DVD Drive on hand. Why go through all this silliness when it only takes a couple of minutes to pop a side panel and plug up a spare drive?