Fixed!
Hi, just an update. I got the following instructions from Parallels. After I followed them everything seemed to work. Hope this helps you.
1) Un-install Parallels Desktop completely using terminal. To do so please follow the steps in the below mentioned link:
http://kb.parallels.com/en/9087
2) Please perform the repair disk permission.
a) Quit all application on Mac.
b) Open a new finder window, Application > Utilities > Disk Utility.
c) Under disk utility, select 'Mac HD' from side menu.
d) Click on 'Repair Disk Permission'.
3) When the Repair Disk Permission is completed, please install the Parallel Desktop.To do so, please download the fresh copy of parallels desktop 6 for Mac from the below mentioned link:
http://www.parallels.com/download/desktop/
After this please try to create to create new Virtual Machine by following the below mentioned link:
http://download.parallels.com/desktop/v6/docs/en/Parallels_Desktop_Users_Guide/27204.htm
Please double click on the existing .Pvm file.
Last edited: Jun 22, 2011