NTLDR Issue – IAcer 4200 cannot read from BIOS, even when HD is removed

Hi,
My Ordeal all started when i got this message
“NTLDR is missing”
Using an XP restore CD, i tries to repair the
installation, but to no avail because before i
could press F8, F12, even delete, the message
“NTLDR is missing” appears.

So i removed HD saved all data and was to do a
complete re-install. I Formatted the HD using a
USB conect to a XP machine.

After formatting i still cannot reinstall, on
reboot that message still appears.. even when i
remove the HD and boot up.

Your insight and help is higly apreciated

Thanks.