xemacs-2.1.14 fails to build under Solaris 8 with gcc 3.2

Folks, I attempted to compile xemacs 2.1.14 on a Sun Blade 100 running Solaris 8 with gcc 3.2 and gnu make and got the following error: cd ./src && make CC='gcc' CFLAGS='-g -O3 -Wall -Wno-switch' LDFLAGS='' CPPFLAGS='' all make[1]: Entering directory `/tools/xemacs-2.1.14-3.2-sol8/src/xemacs-21.1.14/src' EMACSBOOTSTRAPLOADPATH="/tools/xemacs-2.1.14-3.2-sol8/src/xemacs-21.1.14/src/../lisp/:/tools/xemacs-2.1.14-3.2-sol8/src/xemacs-21.1.14" ./temacs -batch -l /tools/xemacs-2.1.14-3.2-sol8/src/xemacs-21.1.14/src/../lisp/update-elc.el Segmentation Fault - core dumped make[1]: *** [update-elc.stamp] Error 139 make[1]: Leaving directory `/tools/xemacs-2.1.14-3.2-sol8/src/xemacs-21.1.14/src' make: *** [src] Error 2 reconfiguring with -O0 and recompiling works just fine. Thanks, -a