Photoshop Elements 8 shows error 150:30 in Mac OS X 10.10(Yosemite)

Hi,
Just upgraded to Yosemite (when my iMac 27" died Apple support put in a new HD and did the S/W upgrade).  I'm using (or was) PSE 8, but keep getting an error message, and says the licensing has stopped working.  Tried reinstalling the programme on my MBP (also now on Yosemite), but while it will open, it won't allow me access to any images stored in iPhoto.  Haven't tried yet on the iMac because I can't delete the old/existing key.
The easy answer is to upgrade to PSE13, but is this necessary.  Can't seem to find and info on if this is the problem. Any help would be appreciated.
Jack

Wait. You have a bigger problem than a reinstall will fix. You can never, never transfer an installed copy of PSE as the apple store did.
Now you must download and run this:
Use the CC Cleaner Tool to solve installation problems | CC, CS3-CS6
after which you can manually remove the bits of PSE that are there. Look not only in applications but also in the library at the main level of your hard drive>application support>adobe, as well as in the user library for the prefs mentioned by John in his post.
Then you can reinstall, but you must clean up the mess first or you'll be right back where you started when you reinstall.

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