I had the same problem with PS Elements 11
As you have PSE11 already installed open task manager and make sure that you end the processes 'dynamiclinkmanager.exe' and 'ElementsAutoAnalyzer.exe' before installing PRE. They are both a part of the Elements Organizer which is reinstalled when you install PRE.
If you have other Adobe products installed then make sure they too are closed before installing PRE11.
Also temporarily disable any anti-virus / anti-malware software while you install.
Insanity is hereditary, you get it from your children.
I have been done this road with Premiere Elements 11 and 10 on Windows 8 64 bit. Apparently the Shared Technologies error is not confined to a particular version or operating system as far as I have been able to figure out. Many have tried various fixes. There does not seem to be one fix for the issue so best go through the suggestions systematically until you find the one that will work for you. In my case, I thought that moment would never come. It did. My fix seemed to have come when I decided to use an external burner for the installation disc rather than the ripped files or the laptop burner. If it has not been posted already, this is one of the links that documented some users problems with this error, including my own.
We will be watching for your progress. Do not give up.
After hours and hours of frustration, this was the answer for me. I can't thank you enough.
Thanks for the follow up with those important details for the Shared Technologies issue that has hit various Premiere Elements versions across several different computer operating systems. I have installed many different versions of Premiere Elements on Windows since 2005. It was only with Premiere Elements 10 and 11 on Windows 8 64 bit last year when I run into this issue first hand.
I am about to install Photoshop Elements 12 and Premiere Elements 12 on Windows 7 64 bit and Windows 8 64 bit today. I will post if I run into Shared Technologies error this time around. No post is good news in that it will mean no problem.
Success with your projects.
I forgot to ask...what version of Premiere Elements are you using and on what computer operating system is it running?
I am using Premiere Elements 11 on Windows 8 64bit. I exhausted every option on the Adobe help page and every other link I could find after entering various combinations of keywords in a search. I was ready to give up when I somehow stumbled upon your thread. Thanks so much. I’m surprised that the folks @ Adobe aren’t a bit more proactive, since this issue seems to be quite prevalent across several versions of PE.