Brand new my book live 2tb is not recognized by mac os x lion

Hello everyone,

i just bought the mbl 2tb, plugged everything in, then put the cd into my mac but the program can’t find the mbl…the mbl has a green light on the front, an amber light in the back and a blinking green light also in the back…

I can see the mbl in finder and i can also get access to it and to the folders stored inside but i can’t set it up with installation cd nor by entering the ip address in safari.

is there something wrong with my procedure?

I really need the mbl to work

any help or suggestion would be much appreciated.

thank you

ive got exactly the sme problem. duento this im unable to do any settings