I am not sure what kind of interfaces that printer supports, but if it can do USB, try that.
Another thing, you might be using up all the RAM on your computer which is why it won't do anything - if your machine has 128mb, that MIGHT be enough, I guess it depends on what you are running.
On that note, next time you try printing, right before you do - disable your antivirus - see what happens. Antivirus programs tend to slow up your computer tenfold.
Make sure you aren't running any programs that are processor intensive when you try to print.
Update your printer drivers to the latest versions because there might have been an error with CPU usage, or RAM usage in prior versions.
In your printer preferences, change the printing format from EMF to RAW, or the other way around - see if that has an affect.
Defrag your HD - that always helps things
Run disk cleanup and get rid of all the temp files it comes up with.
I have given a bunch of suggestions here... you need to be a little more precise with the problem, and then you can be helped further. IN the meantime, try this stuff and see what happens. Good luck!