This error is described in the following SAP Note: http://service.sap.com/sap/support/notes/2117967
This error happens if the system runs out of resources (Too many threads created).
Microsoft has an official support ticket on it: http://answers.microsoft.com/en-us/windows/forum/windows_7-system/no-more-threads/bfd50227-6238-4a42-ab2f-abeee1964bd8
"This error message indicates that too many threads or processes are running. Hence we need to free some threads or processes. Hence do not run many applications at a given time. "
So upgrading the machine's hardware normally solves this or alternatively not starting too many programs at once.
It can also happen if you run 32 bit SAP Business One and the SAP Business One executeable exceed 2 GB of memory. So if error happen please check the memory usage of the SAP Process.
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