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Here are troubleshooting steps to use to try to solve your problems: Computer lags every couple seconds
If this is the original factory pre-installed OS you have the option to recovery to factory condition by running the Recovery Partition or running the Recovery disk(s). However this will reinstall all of the factory bloatware and useless HP utilities which have better versions built into Win7.
Here are tips to clean reinstall to get the best possible install of Win7: re-install windows 7