1.5.17 : fail to launch after installation

["Chang, Chloe" <ctchang at qualcomm dot com>]

I downloaded this version and locally installed it. The error message after trying to run cygwin.bat is "bash: can't find configuration file /usr/local/etc/profile.global; exiting."
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The setup log contains these information : 
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2005/06/16 10:16:31 Starting cygwin install, version 2.457.2.2
2005/06/16 10:16:31 Failed to set CYGWIN=nontsec
2005/06/16 10:16:31 Current Directory: C:\Documents and Settings\ctchang\Desktop\ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin
2005/06/16 10:16:31 Changing gid to Users
2005/06/16 10:16:31 Could not open service McShield for query, start and stop. McAfee may not be installed, or we don't have access.
2005/06/16 10:16:41 source: from cwd
2005/06/16 10:16:46 source: from cwd
2005/06/16 10:16:49 root: C:\cygwin binary system
2005/06/16 10:16:52 Selected local directory: C:\Documents and Settings\ctchang\Desktop\ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin
2005/06/16 10:26:16 Installing file://C:\Documents and Settings\ctchang\Desktop\ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin/ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin/release/apr/apr-0.9.6-1.tar.bz2
2005/06/16 10:26:16 Installing file://C:\Documents and Settings\ctchang\Desktop\ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin/ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin/release/apr-util/apr-util-0.9.6-1.tar.bz2
2005/06/16 10:26:16 Installing file://C:\Documents and Settings\ctchang\Desktop\ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin/release/ash/ash-20040127-1.tar.bz2
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2005/06/16 10:37:14 Installing file://C:\Documents and Settings\ctchang\Desktop\ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin/ftp%3a%2f%2fcygwin.osuosl.org%2fpub%2fcygwin/release/_update-info-dir/_update-info-dir-00255-1.tar.bz2
2005/06/16 10:37:14 Visited: 366 nodes out of 366.
2005/06/16 10:37:14 Dependency ordered install:
2005/06/16 10:37:14 terminfo
2005/06/16 10:37:14 libncurses8
2005/06/16 10:37:14 texinfo
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2005/06/16 10:37:14 xpdf
2005/06/16 10:37:14 xpm-nox
2005/06/16 10:37:14 xwinclip
2005/06/16 10:37:14 xwinwm
2005/06/16 10:37:14 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/autoconf-wrapper.sh
2005/06/16 10:37:17 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/automake1.4.sh
2005/06/16 10:37:20 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/automake1.6.sh
2005/06/16 10:37:21 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/automake1.7.sh
2005/06/16 10:37:23 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/automake1.8.sh
2005/06/16 10:37:25 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/automake1.9.sh
2005/06/16 10:37:26 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/base-files-mketc.sh
2005/06/16 10:37:27 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/base-files-profile.sh
2005/06/16 10:37:28 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/cgoban.sh
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2005/06/16 10:38:39 running: C:\cygwin\bin\sh.exe -c /etc/postinstall/xpdf.sh
2005/06/16 10:38:53 mbox note: Installation Complete
2005/06/16 10:38:55 Ending cygwin install
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