Problem with initdb on new machine - NON-HTML post (sorry)

 installed cygipc version 1.11-1 and start the ipc-daemon, but I still get
the message:

IpcSemaphoreCreate: semget(key=1, num=17, 03600) failed: Function not
implemented

I verified the ipc-daemon was running with ps.

mminnie@MINNIE2533 ~
$ ps
      PID    PPID    PGID     WINPID  TTY  UID    STIME COMMAND
     3220       1    3220       3220  con 1000 12:44:42 /usr/bin/bash
     1968    3220    1968       1404  con 1000 12:44:54
/usr/local/bin/ipc-daemo
n
     1160    3220    1160       2328  con 1000 12:44:55 /usr/bin/ps

mminnie@MINNIE2533 ~
$ initdb -D /usr/share/postgresql/data7
The files belonging to this database system will be owned by user "mminnie".
This user must also own the server process.

creating directory /usr/share/postgresql/data7... ok
creating directory /usr/share/postgresql/data7/base... ok
creating directory /usr/share/postgresql/data7/global... ok
creating directory /usr/share/postgresql/data7/pg_xlog... ok
creating directory /usr/share/postgresql/data7/pg_clog... ok
creating template1 database in /usr/share/postgresql/data7/base/1...
IpcSemaphor
eCreate: semget(key=1, num=17, 03600) failed: Function not implemented

initdb failed.
Removing /usr/share/postgresql/data7.


What am I doing wrong?