It may be a problem with the hard disk drive. To check, try to boot to the BIOS. Turn the computer on and tap on F10 before the Acer splash screen. Once you are in the BIOS, check if there is any hard disk drive being detected by the computer. Look for any SATA device that will have a storage capacity. If it does not show such, then you have to replace the hard disk drive of your computer. Unfortunately, the data goes together with this device. It will be very expensive to retrieve it from a damaged hard disk.
If in case the hard drive is seen, then it is just an OS problem. The MBR is corrupted. To fix this issue you need to boot from the installation CD.
For XP: boot to the WinRC.
Tap on F12 on before the splash screen. You will have an option to boot from the CD. Load the WinXP CD and choose onboard or usb cd rom drive.
On the setup screen choose R to repair. The follow the prompts until you get a black screen.
On this black screen, type fixmbr then press on return. That should do it.
If it does not work, then you just need to have your Hard disk replaced.
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