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Can't install package "glmnet"

Uwe Ligges wrote:
And 'suitable compilers' in this case means to install the
GNU compiler collection gcc 4.x.y.

Contrary to gcc 3.x.y (which only has a Fortran 77 compiler),
gcc 4.x.y has gfortran which is the GNU Fortran 95 compiler.

My guess is that your system currently only has gcc 3.x.y
and no gcc4 and friends.

HTH,
Tobias

P.S. Be sure to also install the appropriate libgfortran.