A malfunction reported by “error code 0x80000003” may happen due to a number of different factors. The most common causes include incorrectly configured system settings or irregular entries in the system elements, to name a few.
“Error code 0x80000003” is one of the issues that users get as a result of the incorrect or failed installation or uninstallation of software that may have left invalid entries in your system elements, improper system shutdown due to a power failure or another factor, someone with little technical knowledge accidentally deleting a necessary system file or system element entry.
One of the most common causes is updating drivers without first removing old driver. Cleaning out all old/unused drivers is a good place to start.
EDIT: added link to procedure for removing old drivers