After reading your init=3 suggestion I thought that maybe you could help me. First some background: My total number of hours using linux is less than 20. I just installed Slackware 9.1 in an old PC.
After the initial boot part my computer shows a LILO (v. 188.8.131.52) red box having "Linux" as the only option, also a "boot:" prompt is displayed. After selecting it, linux starts booting. However after some time I get the following consecutive three lines:
Freeing unused kernel memory (...)
Warning: Unable to open an initial console
Kernel panic: No init found. Try passing init= option to kernel
Well, after reading your post I tried using (in the "boot:" prompt):
linux init=3 [Enter key pressed]
linux -init=3 [Enter key pressed]
Linux init=3 [Enter key pressed]
Linux -init=3 [Enter key pressed]
Linux failsafe [Enter key pressed]
However I still get the Kernel panic (with the respective blinking Caps and Scroll LEDs).
Any idea on what I could try? Did any of my "init" tentatives make sense?
Thank you very much for your time and help.