This problem is solved, it has nothing to do with PCMCIA. Here is a summary:
On some notebooks with Phoenix noteBIOS, if one enables Advanced Power
Management in the Linux kernel, any processes running longer than 1 second
are slowed down. This can be solved by:
(1) Compile Linux with APM support,
(2) Before booting Linux (at the lilo prompt):
Enable BIOS APM support.
DISABLE BIOS APM management, ie set the computer in High Performance mode.
(3) Re-enable BIOS APM management after booting Linux.
(Thanks to Benny Amorsen <amorsen@sscnet.com> for an email discussion.)
Dong Chen
chen@ctp.mit.edu