Extreme Slow down since installing 5160

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Bit poster
I installed the new build of Parallels 3.0 and since then my computer has slowed to a crawl. It takes a full 10 minutes to boot up the VM and then it continues to be extremely slow for the rest of the day. It takes 4 minutes to open an excel file and 2 minutes after clicking on "new" in Outlook until I can type a name in the "to" box. Everything functioned fine before the update. What could be slowing this down so much. It has turned my MacBook into a boat anchor and I'm definitely not happy with it. Since installing the available space on my 80gig drive is down from 15GB to 7GB. Very curious.

I have already ordered a memory upgrade to 2GB for the computer but I'm curious as to why a new and better upgrade is making my computer behave like a commodore 64.
I'm working on a MacBook 2,1
1 GB Memory
2Ghz
80 gig hardrive

Any thoughts?
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That's my problem too

Does one have to completely uninstall 5160 before downgrading or can we just install overtop?

Thanks,
ILANA
 
I did this more than once, and my Windows VM was not touched. The first time, I thought maybe I had made some mistake, so I repeated the process. Windows was still OK.

Dale
 
Parallels, can you fix this performance issue as matter of priority. I am struggling under the degraded performance on my production machine.
 
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