Hi,
On a healthy device, the output should look like:
Saipan motherboard proto 3 or later detected
Probing...[Ethernet0/0 and Ethernet0/1]
Initiating hardware and waiting for link up ...
self_ip = 192.168.160.5, tftp_server_ip = 192.168.160.186
ip = 192.168.160.5 mask = 255.0.0.0 gw = 0.0.0.0 svr = 192.168.160.186
network_ready = 1
But, in your case, the device is inable to detect the PHY link. Please try interfaces other than e0/0. Also, you can try unseating any other interface card you might have - as suggested by Vatsa.