One of our employees' Windows XP Dell notebooks will no
longer boot into Windows.  It loads to the point where it
displays an error box titled: LSASS.EXE - SYSTEM ERROR
The text in the error box is: "When trying to update a
password, this return status indicates that the value of
the current password is not correct."  This error box
displays for about 10 seconds.
The system then reboots and continues to the same error
box.
The same situation applies to all choices on the F8
advanced booting menu, including Safe Mode and Last Known
Good Configuration.
If I try to use Recovery Console, I am told the
Administrator password is incorrect even though I have it
thoroughly documented.
Unfortunately, I do not have an ASR floppy.
Any ideas?  Punt?