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I have never used a boot disk for Slackware (actually, I thought floppy booting had been removed in 12, I know the 12.1 installer only allow USB rescue booting), so I am not sure as to what could have went wrong there.
Are there any other options on the menu beside "Linux"? Even if the boot disk isn't working, don't reinstall. You can boot the system with a working boot disk or use the Slackware install CDs to boot into the system and try setting it up again.
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