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Maybe I can give the whole story: some time ago (one or two years) I have found an issue on Sun Studio 11 installation. In order to repair this I have decided to upgrade to Sun Studio 12. As such the issues have been solved.
Now again we are facing new issues and I thought that installing Sun Studio 12.3 would again solve my problems.
When I have upgraded from Sun Studio 11 to Sun Studio 12, I remember having had the same error message, but specifying a directory name in the installation procedure avoided that error message.
Now I have again tried to specify a directory name, but this seems to fail even then.
Meanwhile I have heard from collegues that it is even not allowed to upgrade to Sun Studio 12, so as a result, I propose to put this post temporarily on hold.
Thanks for your support