Look this http://forums.gentoo.org/viewtopic-t-544647.html

Do you need to do 'export SED=sed'.

Regards,

Thraloc 



          && CONFIG_FILES=Makefile CONFIG_HEADERS= /bin/sh ./config.status
config.status: creating Makefile
config.status: WARNING:  Makefile.in seems to ignore the --datarootdir setting
config.status: executing default-1 commands
config.status: executing default-2 commands
config.status: executing chmod-scripts commands
make  all-recursive
make[1]: Entering directory `/var/tmp/portage/dev-libs/glib-1.2.10-r5/work/glib-1.2.10'
Making all in .
make[2]: Entering directory `/var/tmp/portage/dev-libs/glib-1.2.10-r5/work/glib-1.2.10'
/bin/sh ./libtool --mode=compile i686-pc-linux-gnu-gcc -DHAVE_CONFIG_H -I. -I. -I. -DG_LOG_DOMAIN=g_log_domain_glib -DG_ENABLE_DEBUG    -O2 -march=pentium4 -fomit-frame-pointer -funroll-loops -pipe -fPIC -Wall  -D_REENTRANT -c garray.c
/bin/sh ./libtool --mode=compile i686-pc-linux-gnu-gcc -DHAVE_CONFIG_H -I. -I. -I. -DG_LOG_DOMAIN=g_log_domain_glib -DG_ENABLE_DEBUG    -O2 -march=pentium4 -fomit-frame-pointer -funroll-loops -pipe -fPIC -Wall  -D_REENTRANT -c gcache.c
./libtool: line 297: s,^.*/,,g: No such file or directory
./libtool: line 297: s,^.*/,,g: No such file or directory
./libtool: line 711: -e: command not found
*** Warning: inferring the mode of operation is deprecated.
*** Future versions of Libtool will require --mode=MODE be specified.
./libtool: line 1022: -e: command not found
./libtool: line 711: -e: command not found
*** Warning: inferring the mode of operation is deprecated.
*** Future versions of Libtool will require --mode=MODE be specified.
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1050: -e: command not found
./libtool: line 1074: -e: command not found
: compile: cannot determine name of library object from `'
make[2]: *** [gcache.lo] Error 1
make[2]: *** Waiting for unfinished jobs....
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1022: -e: command not found
./libtool: line 1050: -e: command not found
./libtool: line 1074: -e: command not found
: compile: cannot determine name of library object from `'
make[2]: *** [garray.lo] Error 1
make[2]: Leaving directory `/var/tmp/portage/dev-libs/glib-1.2.10-r5/work/glib-1.2.10'
make[1]: *** [all-recursive] Error 1
make[1]: Leaving directory `/var/tmp/portage/dev-libs/glib-1.2.10-r5/work/glib-1.2.10'
make: *** [all-recursive-am] Error 2

!!! ERROR: dev-libs/glib-1.2.10-r5 failed.
Call stack:
  ebuild.sh, line 1614:   Called dyn_compile
  ebuild.sh, line 971:   Called qa_call 'src_compile'
  environment, line 3699:   Called src_compile
  glib-1.2.10-r5.ebuild, line 54:   Called die

!!! (no error message)
!!! If you need support, post the topmost build error, and the call stack if relevant.
!!! A complete build log is located at '/var/tmp/portage/dev-libs/glib-1.2.10-r5/temp/build.log'.