[rancid] Installation issues

[djrobertsonusa at netscape.net]

I am trying to install Rancid onto a Ubuntu 7.10 client system. I guess my first question is, is this system supported??

If yes then I cannot understand why I am getting the following error. I followed the installation instructions listed at this URL http://www.linuxhomenetworking.com/wiki/index.php/Quick_HOWTO_:_Ch1_:_Network_Backups_With_Rancid

Everything went well until I got to the step? 
./configure --prefix=/usr/local/rancid/
I then get this error and cannot go forward
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root at laptop:/usr/local/rancid/tar/rancid-2.3.2a2# ./configure 
checking for a BSD-compatible install... /usr/bin/install -c
checking whether build environment is sane... yes
checking for gawk... gawk
checking whether make sets $(MAKE)... yes

checking for gmake... no
checking for make... /usr/bin/make
checking whether /usr/bin/make sets $(MAKE)... yes
checking for gcc... gcc
checking for C compiler default output file name... configure: error: C compiler cannot create executables

See `config.log' for more details.
---------------------------------------------------------------------------------------------------------------

I have attached the config.log file. When I look through it it does not present any clues to the issue.

Please help
Thanks



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