linux installation doubt

[riyas k ahammed]

Sir,
        I  have installed Red Hat Linux 8.0 in my system. But I can’nt boot 
Linux.
The booting enters in to  a unlimited waiting  state by following lines.
   
     INIT :  Version 2.84 Booting
      
 Mounting proc filesystem          [Ok]
 Unmounting initrd                     [Ok]
 Configuring Kenel parameters  [Ok]

If I press Ctrl+C then following message is shown. 

Updating /etc/fstab failed to open  etc/open.NEW: Read only file system.
                                        [Failed]
Then booting proceeds up to the line 

Starting system logger.

Then again the system enters in to a unlimited waiting state again.

Could you please help me for this problem .
[ Configuration  of system : 128Mb RAM, Celeron 667 Mhz,40GB HDD]
 
Yours truly,
Riyas K
([EMAIL PROTECTED])