What to do about Error 150.30?

I have been using Adobe Photoshop Elements 8 for 14 months on a Dell XPS16 computer running Windows 7.  Recently when I open the software, and click on EDIT, I get a window that says "The product has encountered a problem which requires that you restart your computer before it can be launched.  If you continue to see this message after restarting your computer please contact either your IT administrator or Adobe technical support and mention the error code shown at the bottob ot this screen.  Error 150.30.  Adobe technical support suggested that I contact this forum for a solution.  I hope that you can help.  Thanks.

Barbara B.
     Thanks for your prompt response.  The error window that I received did not include "Licensing for this product has stopped working." unless that was what "Error 150.30" implied.  Assuming that was the case, I started through the solutions, eventually becoming discouraged.  Solution 1 required the unzipping of a file and I don't have unzip software that I know of.  In Solution 2 I didn't find "Administrative Tools" under "Control Panel."  Solutions 2, 3, & 4 referred to a FLEXnet Licensing service and/or folder.  I didn't come across anything with the FLEXnet name.  In the "On Windows 7 or Windows Vista" section of Solution 4, I tried to work through this.  I got to item 5 and wasn't sure what the Computer Explorer window was but I found a place where I could enter the command %ALLUSERSPROFILE% and press Enter.  This action did not lead to anything and I gave up.  It seemed to get more complicated from there on.  Solution 8 is the reinstall option which goes immediately to a WARNING!  Solution 9 is to contact Adobe Technical Support which is where I started.  Any wisdom will be appreciated.  Thanks.

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