Sounds like to either have a borken cable on the left side or the left side top transmission went out.
If it is either one of these it could be somewhat costly. Keep in mind when replacing the top cables/transmissions that the drives need to be calibrated.
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http://i46.tinypic.com/2qx0rqs.jpg
2001 Boxster Artic Silver / Black Interior
-GT3 Front Bumper w/ Lip
-Side Skirts
-Gemballa Exhuast and Cats
-O.Z. Racing 18" Wheels
--18X8.5Front 18X10 Rears
-Michilen PS Tires 225/40/18 & 285/30/18
-5mm Rear Spacers
-Porsche Door Sills
-H&R Springs
-Powerflow Intake
-B&M Short Shifter
-Pioneer Avic-F90BT Navigation
-Focal Polyglass 165VR3
-Alpine PDX 5 Amp
-Bose OEM Subwoofer & Midrange
-Audio Controld DQXS (DSP)
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