Hi,
In your original post you say there is some data that you want to recover, so it might be reasonable if you look at this area first.
Here are some ideas on how you can go about doing this, that you may wish to consider,(without employing the sevices of your friendly neighbourhood computer technician).
1 After taking all the required *personal safety and *anti-static precautions, remove your hard drive from your (existing) computer and install it as a "slave" drive in another machine (which we will call "helper computer".) that also has an IDE hard drive. You will need to set the jumpers on your hard drive to "slave" and connect it to the middle connector on the "helper computers" IDE cable (40 pin, wide ribbon cable) Please do not touch the jumpers on the original hard drive in the "helper machine" which should remain set to "Master"
Your hard drive, recently taken out of your, "existing computer" will now be visible and accessible from the "helper computer" allowing you to copy all important data files, photos, spreadsheets and practically anything you want. Depending on the helper machine and it's facilities you could burn the data to DVD/CD or copy it to the helper machine's hard drive, an external hard drive, thumb (flash) drive or if you are really desperate even floppy discs!
* NOTE if you are not absolutely certain of the necessary personal safety and anti-static precautions then you should not attempt any of these or the following steps but consult your local competent technician. It is great to save money but not at the expense of personal safety or damaging your computer.
2 As an alternative to the above, but still taking all necessary personal safety and anti-static precautions, you could fit your hard drive into an extenal USB2 caddy which you could just plug into the USB socket of any Windows XP or 2000 computer. This will enable you to read and copy data, as set out above.
3 For a one off session you don't even need to buy an external USB caddy, just the IDE connector on the end of the USB cable + a 5 Volt power supply will do. Although caddies are so cheap and so useful, (about £3 GBP or $6 USD + postage) it's probably a good idea to have one anyway.
4 Once you have safely got your data off, you can follow Dough's most excellent advice and use the Recovery Console to try and get your system up and running again.
5 Put your existing "Format and Restore discs somewhere safe as you will not be needing them for the next steps but what you will need is a Windows XP Professional Operating System Installation Disc with Service Pack 2 included. If you boot from this disc (you may need to set your BIOS to Boot from CD) you will be able to enter the Recovery Console and then just follow Dough's directions.
6 If you cannot beg or borrow such a disc it is possible to make a set of 6 bootable floppy discs that will get you into the Recovery Console, however the bootable CD referred to earlier is the best option so do try and find one if you can. (Please note that the format and reinstall discs are NOT used for this particular procedure
Further info, available here:
http://support.microsoft.com/kb/310994 and here:
http://support.microsoft.com/kb/307654
Note, you don't need to install the Recovery Console just use it!
One final point before you proceed, please make sure you have an accurate note of your correct Windows Product Key, just in case it should be needed in the future.
Please post back if you have any questions Dough and the rest of us here on the forum will be pleased to offer help wherever we can.
Regards
paws