Thanks buddy for your suggestions. Well I found out that you need at least 5MB of Storage and Program Memory available constantly and that too in a sequence. This way, the gadget does functions appropriately..
Oh yes, even I too agree with you. I would also like to add that here sometimes applications can be installed and run from the Device Memory. Besides this, you can try installing the application on the Storage Card. But before doing that, just verify that the application suits your hand set.