What exactly does the error related to the Alerter service say? and are there any other alerts in the event log that sound related to this problem?

The 'Alerter' service is simply a service that can be used to report errors to Admin if you on a Domain and the 'Computer Browser' service is for browsing for other network workstations, so if your not too worried about either of these two things it shouldn't really be much trouble to you.