Yes the easy way to see if it is an alarm is to go into the BIOS and disable all the alarms there. They are all in one place so it is easy enough.
Running the old Memtest isn't going to help you must use
Memtest86+.
The first thing i would want to check is the memory. Please follow these instructions
exactly.
I would suggest that you download and run the latest version of Memtest86+ to check your RAM first.
Memtest86+
http://www.memtest.org/Insert
one stick of memory in
slot 1 and run Memtest on it for at least
10 complete loops/cycles and if there are no errors then swap it over with the next one and continue untill you have checked all modules.
If you have any errors the module is faulty.
If you have any faulty modules you will have to return the whole kit as they are matched.
Post back when you have done that with the results.