MEMORY_MANAGMENT BSOD on V32

[FRAGMAN BOB]

I am working on a friends laptop (Compaq CQ50-139WM) and it was giving them a no OS found error. I attempted to use compaqs recovery discs and never got more than 50% complete before it would either reboot or bsod with errors I didnt write down (dumb me). I swapped the HD with a spare I had (thinking HD was shot and not able to be written to). Same thing as before but all 3 times I tried I got a memory_managment error.

When I googled around for it, all I found were possible fixes from inside vista. That doesnt help because I can't get into OS or even recover to it. I am currently swapping ram sticks/banks to see if I can find a bad combo.
Has anyone else had or seen this prob?