I am sorry to hear you are having problems but let me help you.
Checking the processor specifications, it seems that in fact it does not support Intel® Virtualization Technology. This is software/ hardware based feature and it is required for certain operations as the one you are trying to use.
If the feature needs to be enabled to use the Virtual Machine I am afraid to say that will not work on your unit due to the missing component.
Thanks Kevin for exact answer that I was looking for. Until now I was happy that my 4.5yrs old laptop is working all fine and allows me to do anything that i want - it was one of the high end laptops when i purchased.
Due to the limitation of VTx I need to purchase another laptop. I am thining to purchase I5 (3rd or 3th generation)...i don't really want to go to i3 due to speed and i5 don't cost much higher than i3...and don't want to go for i7 as it doesn't really offer much speed with compare to the cost that it comes for.
Can you please guide me on what processor i look for or any comprehensive document which lists different features of these different processors? fyi my requirement is I will run 1 (max 2) VMs on the new laptop for training and/or development purpose. I am thinking to go for i5 4th generation with 8gb ram, which can be later extended to 16gb. Anything guidance is welcome Kevin!