eCommerce site generates lots of script timeouts and Object Variables not Set errors? need help

Event Type: Error
Event Source:Commerce Server 2002
Event Category: None
Event ID: 32793
Date: 6/27/2007
Time: 5:48:13 AM
User: N/A
Computer: <<intentionally removed>>

Description:
HRESULT: -2147467259, Minor Code: 0, Source: , Description

For more information, see Help and Support Center athttp://go.microsoft.com/fwlink/events.asp.

Event Type: Error
Event Source: Commerce Server 2002
Event Category: None
Event ID: 32794
Date: 6/27/2007
Time: 8:32:44 AM
User: N/A
Computer: <<>>
Description:
SQL Error: 0, Description: HYT00

For more information, see Help and Support Center athttp://go.microsoft.com/fwlink/events.asp.

Any idea how this error is generated? Please help Also see the message below

We have the eCommerce site deployed on MS Commerce Server 2002 on w2k3 server and MS SQLserver 2k envrionment

We are experiencing lots of "scripts timeout" and "ObjectVariables not set .." errors continuosly.

Please help.

[1405 byte] By [BinodKumar] at [2008-2-7]