Great! I managed to run the image (without blue screen) with your suggested settings.. Thanks again!
But still I am stuck with couple of problems after getting into windows..
First of all it looks like I can't connect to internet to activate XP..
and secondly I am doubting whether it is even possible to activate my version of windows.. as it is a Dell and is a OEM version of Windows XP..
For activation I think I might need to pay about $50 to get the new licence according to http://communities.vmware.com/message/1106324
but for internet connection I still do not know what's going wrong.. Could you please provide your suggestions on this?
(By the way, the Network adapters are all using Bridged connections)
Thank you.
Best regards,
Shiva