checking for C compiler default output... configure: error: C compiler cannot create executables

!!! Please attach the following file when filing a report to bugs.gentoo.org:
!!! /portagetmp/portage/ncurses-5.5-r3/work/narrowc/config.log

!!! ERROR: sys-libs/ncurses-5.5-r3 failed.
Call stack:
  ebuild.sh, line 1539:   Called dyn_compile
  ebuild.sh, line 939:   Called src_compile
  ncurses-5.5-r3.ebuild, line 50:   Called do_compile
  ncurses-5.5-r3.ebuild, line 71:   Called econf '--libdir=/lib' '--with-terminfo-dirs=/etc/terminfo:/usr/share/terminfo' '--disable-termcap' '--with-shared' '--with-rcs-ids' '--without-ada' '--enable-symlinks' '--enable-const' '--with-chtype=long' '--with-mmask-t=long' '--with-manpage-format=normal' '--without-debug' '--without-gpm' '--without-trace'
  ebuild.sh, line 541:   Called die

!!! econf failed
!!! If you need support, post the topmost build error, and the call stack if relevant.



---- LOG FILE.. LOG FILE.. HERE...
This file contains any messages produced by compilers while
running configure, to aid debugging if configure makes a mistake.

It was created by configure, which was
generated by GNU Autoconf 2.52.20030208.  Invocation command line was

  $ /portagetmp/portage/ncurses-5.5-r3/work/ncurses-5.5/configure --prefix=/usr --host=i686-pc-linux
-gnu --mandir=/usr/share/man --infodir=/usr/share/info --datadir=/usr/share --sysconfdir=/etc --loca
lstatedir=/var/lib --libdir=/lib --with-terminfo-dirs=/etc/terminfo:/usr/share/terminfo --disable-te
rmcap --with-shared --with-rcs-ids --without-ada --enable-symlinks --enable-const --with-chtype=long
 --with-mmask-t=long --with-manpage-format=normal --without-debug --without-gpm --without-trace --bu
ild=i686-pc-linux-gnu

## ---------- ##
## Platform.  ##
## ---------- ##

hostname = livecd
uname -m = i686
uname -r = 2.6.17-gentoo-r7
uname -s = Linux
uname -v = #1 SMP Mon Sep 18 01:26:27 UTC 2006

/usr/bin/uname -p = Pentium III (Katmai)
/bin/uname -X     = unknown

/bin/arch              = i686
/usr/bin/arch -k       = unknown
/usr/convex/getsysinfo = unknown
hostinfo               = unknown
/bin/machine           = unknown
/usr/bin/oslevel       = unknown
/bin/universe          = unknown

PATH = /usr/lib/ccache/bin:/sbin:/usr/sbin:/usr/lib/portage/bin:/bin:/usr/bin:/opt/bin:/usr/i386-pc-
linux-gnu/gcc-bin/4.1.1

## ------------ ##
## Core tests.  ##
## ------------ ##

configure:1037: PATH=".;."; conftest.sh
/portagetmp/portage/ncurses-5.5-r3/work/ncurses-5.5/configure: line 1038: conftest.sh: command not f
ound
configure:1040: $? = 127
configure:1057: result: Configuring NCURSES 5.5 ABI 5 (Tue Feb  6 00:39:11 Local time zone must be s
et--see zic manual page 2007)
configure:1162: checking build system type
configure:1180: result: i686-pc-linux-gnu
configure:1187: checking host system type
configure:1201: result: i686-pc-linux-gnu
configure:1209: checking target system type
configure:1223: result: i686-pc-linux-gnu
configure:1254: result: Configuring for linux-gnu
configure:1278: checking for prefix
configure:1290: result: /usr
configure:1330: checking for i686-pc-linux-gnu-gcc
configure:1345: found /usr/lib/ccache/bin/i686-pc-linux-gnu-gcc
configure:1353: result: i686-pc-linux-gnu-gcc
configure:1616: checking for C compiler version
configure:1619: i686-pc-linux-gnu-gcc --version </dev/null >&5
i686-pc-linux-gnu-gcc: No such file or directory
configure:1622: $? = 1
configure:1624: i686-pc-linux-gnu-gcc -v </dev/null >&5
i686-pc-linux-gnu-gcc: No such file or directory
configure:1627: $? = 1
configure:1629: i686-pc-linux-gnu-gcc -V </dev/null >&5
i686-pc-linux-gnu-gcc: No such file or directory
configure:1632: $? = 1
configure:1652: checking for C compiler default output
configure:1655: i686-pc-linux-gnu-gcc -march=pentium3 -Os -pipe -fomit-frame-pointer   conftest.c  >
&5
i686-pc-linux-gnu-gcc: No such file or directory
configure:1658: $? = 1
configure: failed program was:
#line 1636 "configure"
#include "confdefs.h"

int
main ()
{

  ;
  return 0;
}
configure:1681: error: C compiler cannot create executables

## ----------------- ##
## Cache variables.  ##
## ----------------- ##

ac_cv_build=i686-pc-linux-gnu
ac_cv_build_alias=i686-pc-linux-gnu
ac_cv_env_CC_set=
ac_cv_env_CC_value=
ac_cv_env_CFLAGS_set=set
ac_cv_env_CFLAGS_value='-march=pentium3 -Os -pipe -fomit-frame-pointer'
ac_cv_env_CPPFLAGS_set=
ac_cv_env_CPPFLAGS_value=
ac_cv_env_CPP_set=
ac_cv_env_CPP_value=
ac_cv_env_CXXCPP_set=
ac_cv_env_CXXCPP_value=
ac_cv_env_CXXFLAGS_set=set
ac_cv_env_CXXFLAGS_value='-march=pentium3 -Os -pipe -fomit-frame-pointer'
ac_cv_env_CXX_set=
ac_cv_env_CXX_value=
ac_cv_env_LDFLAGS_set=
ac_cv_env_LDFLAGS_value=
ac_cv_env_build_alias_set=set
ac_cv_env_build_alias_value=i686-pc-linux-gnu
ac_cv_env_host_alias_set=set
ac_cv_env_host_alias_value=i686-pc-linux-gnu
ac_cv_env_target_alias_set=
ac_cv_env_target_alias_value=
ac_cv_host=i686-pc-linux-gnu
ac_cv_host_alias=i686-pc-linux-gnu
ac_cv_prog_CC=i686-pc-linux-gnu-gcc
ac_cv_target=i686-pc-linux-gnu
ac_cv_target_alias=i686-pc-linux-gnu
cf_cv_abi_version=5
cf_cv_rel_version=5.5
cf_cv_system_name=linux-gnu
cf_cv_timestamp='Tue Feb  6 00:39:11 Local time zone must be set--see zic manual page 2007'

## ------------ ##
## confdefs.h.  ##
## ------------ ##

#define SYSTEM_NAME "linux-gnu"


configure: exit 77