Comment 8 for bug 577660

Sort of good and bad. Good because this helps you around the problem. But bad because the underlying problem is something not really be solved generically in Linux. In short the BIOS should set up the timer interrupt and tells the OS via the timer override to which interrupt pin the timer interrupts get delivered. This is usually a "it is 2 instead of 0". But everything breaks if that is not true.
So this would be something to fix in BIOS or at least requires someone with insight into the hw specifications and that is not open. You may try to check whether there is a BIOS update for this netbook that helps, but otherwise this workaround is the only solution I know.