Win 2K does not complete install (WHY??)

I recently had to install Win 2k Sp2 on a brand new 20gb IDE drive. My clone pc can see the drive perfectly.
I boot from the cd and format the drive using Fat32 and the installation process begins. Shortly after the "checking network components" and "installing files" the computer tries to restart and then begins the setup process all over again.

I have removed all devices from my box so that it is completely bare bones and I still get the same reaction.

Can someone please give me some insight at to why this my be happening?
As a last resort I tried installing Win 2k on the same drive in a different computer and was successful. However when I put that drive back in the original box to boot up with the completed 2k install it will hang at the black Windows 2000 start screen and never complete the boot.

What can it be? Your thoughts are very much appreciated.