Can't get past boot to install OS. PXE-E61: Media test failure error

[Dankeys]

I bought 4 laptops from a company that erases data from computers that companies get rid of. I turn it on and it

goes through these messages.

1. F12= Network Service Boot (it quickly disappears)
2. Initializing Intel Boot Agent Version 2.6 (build 004)
3. Intel UNDI, PXE=2.0 (build 071)
PXE-E61: Media test failure, check cable

Non-System disk or disk error -- replace and strike any key when ready (End of messages)

Putting bootable CDs in the drive doesn't work, and there's no floppy drive.

Pressing F10 gets me to the BIOS and here's what I find in there.

*******************************************************************************
Title "Computer Setup 1.00

Boot options:
"QuickBoot" Enable/Disable
"MultiBoot"
Boot Order:
-NoteBook MultiBay
-NoteBook hard drive
-NoteBook Ethernet

Device Options:
Num Lock state at boot
Multiple pointing devices
USB legacy support
Internal display controller
Video out
Parallel port mode
Intel SpeedStep technology
Docking base Unique Identification
Processor Number

Device security:
(the whole list)

System IDs:
Notebook asset tag "....."
Notebook ownership tag "....." (two lines)
(are these important to set up?) I know the asset tag but not the ownership tag

Password stuff:

Restore defaults:
***********************************************************************************
Ok, that's all that is available in the BIOS.
I don't know what to do next. Do I have to boot from a network? And if so, can I set this up myself?

Please help!!!! I would really appreciate it. Thank you.
Here are my computer specs:
*********************************************************
Compaq Armada M700, P3, 750 MHz, 320 ram,
*********************************************************

 

[fregeama]

My guess is that you need to change the boot option to include the CDROM in the Boot Order. Is the option available?