No.
There are a few options...
1) Remove the HDD and swap it into a known working machine...jumper it as a slave drive and backup/burn your valuable data to a CD/DVD.
2) Check to see how to enter Setup...instructions for your machine will be at the bottom of the screen saying F2 delete, F10 etc...
Re-boot and tap the appropiate key repeatedly while the machine is starting. Once in there go to Advanced Menu and set the boot order to CDRom as 1
HDD as 2
floppy as 3.
Press F10 to save changes and Exit.
Now when you have the XP CD in it should boot to the CD.
This is where it gets a bit tough but if you read the instructions thoroughly you should be able to boot successfully to XP with all your data and programs intact...
Repair Install of XPI suggest reading it thru and printing out a reference copy for the procedure...
Best of Luck.