The high beep low beep combo is explained in the PCMCIA-HOWTO included with the PCMCIA services package. Basically, what you want to hear is two high beeps. The low beep means that the PCMCIA daemon cardmgr doesn't recognize your card by the definitions in the /etc/pcmcia/config file.
Here's what you do.
First, check your boot log in /var/log/messages. You should see an error message when the cardmgr daemon tries to load. The log should also give you some important info on the card.
Next, I'd recommend going to Sourceforge and dloading the PCMCIA services package, you'll find it here:
http://sourceforge.net/projects/pcmcia-cs/
Dowload the package and unpack it somewhere so that you can read the PCMCIA-HOWTO located within. Lots of good info in there.
Last but not least, I wrote an article about PCMCIA confiuration on LinuxOrbit.com that you might find helpful. I installed two different laptops with Linux and PCMCIA network cards in the article. That should be a good explanation for you. Read the article "PCMCIA and GNU/Linux: It's a Snap" here:
http://www.linuxorbit.com/features/pcmcia.php3
Enjoy.