The problem is with your path. You have an incompatible version of "make" (in this case, one from a Borland toolset) accessible in your PATH environment variable before the version supplied by Cygwin. Adjust your PATH to fix this, and everything should be much happier.
Thanks!
The culprit was a "make" from my Delphi installation. I fixed the path, and now everything works perfectly!
Regards, Ingemar Bergmark
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