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Same problem - Parallels didn't work with Mountain Lion I had the same problem. Upgraded to ML this morning and then Parallels wouldn't work....
Same error - PLEASE HELP I tried using ISO files as well as the actual retail install disk on two different macs - SAME ERROR. CAN SOMEONE HELP...
HELP - Same error I have tried two macs - (iMac and MBA) as well as different OS -(Win 7 an XP) Stuck in the same boat.