A typical task for the helpdesk to solve. After all, most organizations with Exchange Server have some kind of user support operational.
From what you say, it seems that http://support.microsoft.com/kb/284425 isn't applicable. But http://support.microsoft.com/kb/911084 looks more promising. There are many more hits from http://www.google.com/search?q=outlook+%22Out+of+memory+or+system+resources%22+site%3Asupport.microsoft.com
and they might find the solution in one of them. If not, they phone Microsoft for support.
computer is running XP Pro with Office 2003. Outlook is configured with the
exchange server, when I open outlook, it doesn't synchronize with the
server, when I hits, send & receive, I gets the following error, "error
0X8007000E, Out of memory or system resources" There is nothing else running
on the PC, I checked to see if there's any updates available and there are
none. I can't find anything concrete on the web. Any help would be great.