Good greif - why?
Run the media-check first.
At the boot: prompt, try: noapic nolapic nomce
Try to catch the last few lines before the kernel panic and post them here.
Above all: unless you have an extremely compelling reason for using RH8, do yourself a favour and try something newer... if you like RedHat style, try Fedora Core (version 5 is out, version 4 is available with a book "Fedora Linux 4 for Dummies"). Otherwise I normally suggest Ubuntu or knoppix for newcomers.
... to find a good distro. If you don't have the bandwidth to get the iso (I have used a netcafe for this myself) then someone will post you one (ubuntu for eg.) If you're really stuck, I'm sure someone nearby will send you one.
Try these guys: http://www.lug.ro/