Looks like Powerquest's site is down, but I found this on Google:
Error 122 A bad sector was found in the current or new partition area
The partition cannot be moved safely because there is a bad sector in the new or current partition area. When you see this error message, the move operation will be aborted before any corruption can occur. Try moving the partition to a different place. If your hard disk has bad sectors, we recommend that you replace the hard disk. You can work around the problem in one of the following ways:
1. Create the partition as an Unformatted partition and then use DOS to format it.
2. Turn off Bad Sector Checking in PartitionMagic and then create the partition and then use SCANDISK to find and mark the bad sectors as bad.
Dave