Agreed with the posts above - If this were security related (immobilizer) the car wouldn't even crank to begin with. The factory owners manual won't provide much information on what you are describing. You can try all kinds of tricks like putting your index finger on your nose while cracking the car or rubbing your belly at the same time, but what you've read online doesn't sound right.
If it were the wrong key and its radio frequency not synchronized to the DME/ECU and the immobilizer, you wouldn't have been able to crank the vehicle whatsoever. By virtue of at least you acknowledging the engine is cranking but not starting indicates the key is correct and is matched with what is written to the DME/ECU.
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2001 Porsche Boxster S
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