The error code refers to a faulty or failed hard drive.
If you are able to boot from a Dell installation disc and access the System recovery option, then you may try performing a check disk.
Note: While performing check disk on the hard drive if any bad sectors are found on the hard drive when chkdsk tries to repair that sector if any data available on that might be lost.
a. Insert the installation disc and restart your computer.
b. Choose your language settings, and then click Next.
c. On the System Recovery Options menu, click Command Prompt
d. At a command prompt, type the following command, and then press ENTER
chkdsk /f /r X:( drive letter)
e. Press Y when you are prompted to check the disk the next time that the system restarts.
f. Restart the computer.