Thread: Timeout waiting for Oracle WebLogic Server v10.3 at localhost to start

I am trying to run .portal file using "Run on server" option in Workshop for weblogic.
After doing this, its trying to start the server Oracle weblogic server v10.3 at localhost and then publish my module.
Server view status shows as "State" as "Starting" and "Status" as "Synchronizing". When status reaches 82% it gets stopped there for a long time, and when 83% comes up, I can see the "State" as "Stopped" and "Status" as "Republish". And then an error window with title as "Problem Occured" and contents saying, Starting server- Oracle weblogic server v10.3 at localhost (Time of error: ...) Details >> Timeout waiting for Oracle WebLogic Server v10.3 at localhost to start. Server did not start after 480s.

But the console tab (when I give the startup & Deployment option as "Launch Weblogic server in eclipse console) shows,
<Sep 8, 2011 6:15:03 PM IST> <Notice> <WebLogicServer> <BEA-000365> <Server sta
e changed to STARTING> (final step alone I pasted)
Before this I can see, WLS Start mode = Development, setting Classpath ,
<Sep 8, 2011 5:56:36 PM IST> <Notice> <Log Management> <BEA-170019> <The server
log file C:\bea\user_projects\domains\myPortalDomain\server s\AdminServer\logs\Ad
minServer.log is opened. All server side log events will be written to this file
.>

When I checked Adminserver file its having,
<AdminServer> <[ACTIVE] ExecuteThread: '0' for queue: 'weblogic.kernel.Default (self-tuning)'> <<WLS Kernel>> <1315487671986> <BEA-160151> <Registered library Extension-Name: wlp-groupspace-app-lib, Specification-Version: 10.3, Implementation-Version: 10.3.0.1 (EAR).>
And many more similar entries...

Also there is Adminserver.logxxx file which is having,
####<Sep 8, 2011 5:33:58 PM IST> <Warning> <JDBC> <AdminServer> <[ACTIVE] ExecuteThread: '2' for queue: 'weblogic.kernel.Default (self-tuning)'> <<WLS Kernel>> <1315483438048> <BEA-001129> <Received exception while creating connection for pool "portalDataSourceNeverXA": SQL-server rejected establishment of SQL-connection. Pointbase Server may not be running on localhost at port 9093.>
####<Sep 8, 2011 5:33:58 PM IST> <Info> <JDBC> <CINTNCHEOLY0GX7> <AdminServer> <[ACTIVE] ExecuteThread: '2' for queue: 'weblogic.kernel.Default (self-tuning)'> <<WLS Kernel>> <1315483438267> <BEA-001156> <Stack trace associated with message 001129 follows:

java.sql.SQLException: SQL-server rejected establishment of SQL-connection. Pointbase Server may not be running on localhost at port 9093.
at com.pointbase.dbexcp.dbexcpException.getSQLExcepti on(Unknown Source)
at com.pointbase.net.netJDBCConnection.a(Unknown Source)
at com.pointbase.net.netJDBCConnection.<init>(Unknown Source)
at com.pointbase.net.netJDBCDriver.getConnection(Dash oA10*..:170)
at com.pointbase.net.netJDBCDriver.connect(DashoA10*. .:94)
at com.pointbase.jdbc.jdbcUniversalDriver.getConnecti on(Unknown Source)
at com.pointbase.jdbc.jdbcUniversalDriver.connect(Unk nown Source)
at weblogic.jdbc.common.internal.ConnectionEnvFactory .makeConnection(ConnectionEnvFactory.java:316)
at weblogic.jdbc.common.internal.ConnectionEnvFactory .createResource(ConnectionEnvFactory.java:217)
at weblogic.common.resourcepool.ResourcePoolImpl.make Resources(ResourcePoolImpl.java:1109)
at weblogic.common.resourcepool.ResourcePoolImpl$Reso urcePoolMaintanenceTask.timerExpired(ResourcePoolI mpl.java:2282)
at weblogic.timers.internal.TimerImpl.run(TimerImpl.j ava:273)
at weblogic.work.SelfTuningWorkManagerImpl$WorkAdapte rImpl.run(SelfTuningWorkManagerImpl.java:516)
at weblogic.work.ExecuteThread.execute(ExecuteThread. java:201)
at weblogic.work.ExecuteThread.run(ExecuteThread.java :173)

And many more entries like the above...

I even tried startup & Deployment option as "Start weblogic server in Expressmode" and still same error I am getting and this time instead of in eclipse console, I can see command prompt and here also showing "Server state changed to STARTING"

FYI, I created domain with runtime JRocket 1.6.0_05.

I even tried to clean build the portal project and publish using clean option. Still same problem coming

FYI, my system is having 1 GB RAM only and bit slow. Could this be a problem or something else? Please suggest.
Thanks in advance.