S10e/4187 Windows XP MS Office Excel error

I have a brand new Lenovo IdeaPad S10e model 4187 with Windows XP (Danish) pre installed. I have installed MS Office 2007(English) and everything works fine except excel. When I open a file I get the message:
Microsoft Office Excel has encountered a problem and needs to close..
Together with the error message I can click on 'What data does this error contain' and it says:
AppName: excel.exe AppVer: 12.0.6331.5000 AppStamp: 48fa2869
ModName: msvcrt.dll ModVer 7.0.2600.5512 ModStamp: 4803812c
fDebug: 0 Offset: 00037efb
I hope somebody can help - thanks.

I have same problem, I use S1 w/XPH 
I tried to install and run Excel
Office2007
Office 2003
Also I rescued the system with factory setting and installed Office 2007, 2003
Also I removed 512MB ram module, tried above steps
Whatever I do Excel crashes, Firefox too
For example I install Open Office and Lotus Symphony on S10 these softwares don't crash with same excel files but MS Excel 2007/2003 crashes
I have another notebook and I dont have any problem like this.

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