I recently, with notice of the PreSonus firepod being phased out and replaced with the same thing 100 dollars more, invested in one. I am starting to put recording equipment together but have come across some hopefully fixable (if thats a word) problems.

Computer/hardware

PreSonus firepod
Firewire Pcmcia card to laptop
Toshiba Satellite(its a few years old now)
-1.7ghz processor
-2gb ram
-Celeron M processor
-Cubase

I know my computer is old but I am having problems with syncing or processing. What is does is when I direct in a guitar (use is for figuring out how to fix this problem) The track plays at a constant speed, but the guitar does not record at the speed equal to it.

I know I am very bad at wording things so i will try to diagram

Lets say I am playing through this entire take, this is what shows up
loooooooooooil

the lines are when i am playing but nothing shows up
The o's are information inputing slowly but turns out to be weird screeching

Im not sure what is going on, please if anything is unclear ask me to clarify I have been wandering this site for a while, and just finally saved up enough money to be able to invest in my own recording equipment, it would be a shame is I had to wait another few months before i could use it (due to my computer sucking or something)