I had the same problem with an Hp laptop I got yesterday and Mandrake 9.2.
The only way I found to solve the problem was to use a newer kernel: 2.6.3. I got it from the Mandrake cooker.
For some informations on how to install it see:
http://ozzzy.dhis.org/kernel26.html.
Then you have to add nolapic in the lilo.conf (in the \etc directory) .
Don't forget to edit the lilo.conf so that you can boot with your older kernel, because the new one might not work.
In my case not everything works with the new kernel. Also the power support is only partially working. I'm trying to fix that.