buildworld error in texinfo

[Wade Majors]

I am trying to update a 4.7-RELEASE-p9 system to 4.8-RELEASE, but am 
having problems with the bnuildworld. It is failing while building texinfo:

###################################################################
cc -O -pipe -march=k6 
-DINFODIR=\"/usr/share/info:/usr/local/info:/usr/X11R6/info:.\" 
-DHAVE_CONFIG_H -DLOCALEDIR=\"/usr/share/locale\" 
-I/usr/src/gnu/usr.bin/texinfo/info/../../../../contrib/texinfo 
-I/usr/src/gnu/usr.bin/texinfo/info/../../../../contrib/texinfo/lib 
-D__FBSDID=__RCSID  -static -o info dir.o display.o doc.o dribble.o 
echo-area.o filesys.o footnotes.o gc.o indices.o info-utils.o info.o 
infodoc.o infomap.o m-x.o man.o nodemenu.o nodes.o search.o session.o 
signals.o terminal.o tilde.o variables.o window.o -ltermcap 
/usr/obj/usr/src/i386/usr/src/gnu/usr.bin/texinfo/info/../libtxi/libtxi.a
/usr/libexec/elf/ld: final link failed: Bad value
*** Error code 1

Stop in /usr/src/gnu/usr.bin/texinfo/info.
*** Error code 1
###################################################################

Some things I have tried:

o) Blown away /usr/obj
o) Blown away /usr/src and refetched tree.
o) Verified filesystem integrity with manual fsck
o) Did make all install in /usr/src/gnu/usr.bin/ld/

I am not building with any odd stuff in /etc/make.conf, just:
CPUTYPE= k7
CFLAGS= -O -pipe
COPTFLAGS= -O -pipe
NOPROFILE= true
NO_X= true
NO_SENDMAIL= true

Does anyone have other ideas?

-Wade