Error after first boot OEL5.8

Server Model
HP Proliant DL380P, Gen 8
Raid Controller= HP smart Array P420i
Operating system Installation OEl5.8
On first boot after OS installation

ERROR:
Red Hat nash Version 5.119.6 starting -300.10.1.el5uek)'
Mounting proc Filesystem
Reading all physical volume this may take a while
No volume groups FOUNDFS partition type 0x83
volume group �Volumegroup00� not foundk ro root=/dev/valgroup00/logvo100
unable to access resume device (/dev/VolGroup00/logVol01)
mount : could not find file system �/dev/root'40]
setuproot: moving /dev failed : no such file or directory
setuproot: error mounting /proc : no such file or directory
setuproot : error mounting /sys : no such file or directory
Switchroot: mount failed : no such file or directory
kernel panic - not syncing : Attempted to kill init!

kindly suggest me the suitable solution

sohail Jafferi,

Can you provide more details about your install.? If this is the first install do you configure your disk properly?