I had the exact same problem. Extracting the package and trying 'make install' gave a more helpful error of not being able to determine the kernel version to build for. The problem was caused by having two versions of the same distro-version of the kernel installed at once.
I'm running Mandrake 9.2 and had both the regular and multimedia-version of kernel-2.4.22-26mdk . I uninstalled the one I didn't use (the mm one, which caused skipping sound and other multitasking issues for me), and -ivh --force installed the rpms of the one I actually used again just to be on the safe side.
After this it installed perfectly. I hope this helps someone....