If you still encounter the same problem, the solution might be found on the following page:

http://support.microsoft.com/default.aspx?scid=KB;EN-US;Q230785&ID=KB;EN-US;Q230785&LN=EN-US&rnk=1&SD=msdn&FR=0&qry=slow%20insert%20compaq&src=DHCS_MSPSS_msdn_SRCH&SPR=SQL&&FR=1

Read under the section "Increasing Performance"

MNKR