Symptom
Error 1: Invalid Install directory: C:\Program Files (x86)\SAP BusinessObjects\
Try absolute directory
followed by
Error 2: The Product keycode is not valid. INS00140 Error
Environment
Windows 7 64 bit
Microsoft Visual Studio 2010
Crystal Reports for Visual Studio 2010
Reproducing the Issue
Run setup.exe as administrator
Change the default Installation Directory when prompted with first error
Enter valid keycode when prompted
Cause
Conflict with visual studio 2010 installation
Resolution
Rename the C:\Program Files (x86)\SAP BusinessObjects\InstallData folder to "InstallDataVS"
Keywords
KBA , BI-RA-XL , Obsolete: BusinessObjects Dashboards and Presentation Design , Problem