I also receive this issue.
It was booting fine on Ubuntu 14.10 and I did a dist-upgrade. Following the 
dist-upgrade, Ubuntu would fail to boot. When entering recovery mode, I found 
the boot froze on the exact same lines as in the OP.

I have a core i5-520m and a Radeon 5650M.

I tested kernel 3.13.0.24.28 kernel and 3.15.0.6.7 (latest linux-generic
on utopic) and both had the same result.

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https://bugs.launchpad.net/bugs/1315829

Title:
  [Acer Travelmate 5740G] bus cycle unavailable

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