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One cheap thing to try is cleaning your mass air fuel sensor (MAF). Research what guys have used on this forum and see if that fixes your problems. You'll still probably need someone to reset your computer thought to get that CE light turned off.
Don't drive the car if it's blinking. Solid on isn't too bad, but driving it when it's blinking can cause damage to your motor.
The next thing you should try if that doesn't work is pulling a spark plug and having a look at it. If it's burned you should replace all your plugs.
Hope this helps.
PS - If you don't have a couple of grand a year to put into your boxster for repairs the first couple of years of ownership, it's probably not the right time to own the car. Sorry to say this, but old boxsters like yours and mine are plagued with maintenance issues that are costly, even if you do the repairs yourself like I do. Check out my web site for all my repairs... it will help you see what lies ahead for you.
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