initdb hangs even though ipc-daemon is running?

> Hi Guys,
>
> I'm having trouble installing & running PostgreSQL for the first time on
> my Win2K system. I'm running ipc-daemon as a service (following a reboot
> after ipc-daemon --install-as-service) but initdb is still hanging at the
> point shown below.
>
> I'm guessing there may be a problem with logins/access rights here?
>
>
> Administrator@GILBERTT ~
> $ initdb -D test
> The files belonging to this database system will be owned by user
> "Administrator".
> This user must also own the server process.
>
> creating directory test... ok
> creating directory test/base... ok
> creating directory test/global... ok
> creating directory test/pg_xlog... ok
> creating directory test/pg_clog... ok
> creating template1 database in test/base/1...
>
>
> I am logged in to a company domain VMSW1 as user GilbertT (well, I type
> gilbertt when logging on to Win2K but user manager shows it as GilbertT)
> who belongs to Administrators group on the local machine. I installed
> everything via this login. Could this be the problem, since initdb reports
> that the files will belong to Administrator and requires that the same
> user must own the server process?
>
> thanks for any help - amazing how many hours (days) this sort of thing can
> eat up...!
>
> cheers,
>
> Tom Gilbert
>