I found this:
http://www.zdnetindia.com/help/specials/powerpoint/stories/16501.html
and this:
Prior to PowerPoint 97, there was no internal file compression code inside of PowerPoint, and files could get pretty big quickly. The most common cause of large files is the addition of large bitmaps. PowerPoint 97 compresses these bitmaps, but previous versions do not. To keep your presentations as small as you can, try reducing the resolution of your bitmaps, which will bring their size down tremendously. For viewing on screen, the bitmaps don't need to be more than 96 dpi; they won't print nicely until they're up around 150 or higher, but the screen always displays at 96 dpi, so if the primary viewing medium is the screen, there's no point in having the bitmaps be a higher resolution. Also, the bitmap format can make a big difference to your file sizes. JPEG and PNG both have good internal compression code. GIF has some, but not as good as JPEG. BMP files are the largest; TIFF files will also be very large.
Sometimes, as you're working on a presentation, you'll notice that the file seems to get bigger for no reason. To get rid of this "bloating", save the file using "File/Save As" and give the file a new name. This can reduce the file size up to 50%.
Hope one of these works for you!
Assuming it isn’t related to any PC RAM limitations on your PC try this link to get the generic Power Point Viewer software. It will work with any PowerPoint file from PowerPoint 97 to PowerPoint 2003. This link will take you to the Microsoft download site.
http://www.microsoft.com/downloads/details.aspx?FamilyID=428d5727-43ab-4f24-90b7-a94784af71a4&displaylang=en
Cut and paste to your web address line.
Also, to reduce JPEG size take a look at a great utility called Photo Resizer Pro at http://www.showyourphoto.com. It is shareware, and at $10 it is great for resizing images. With screen resolution of 72 dpi you don’t need a hi-res image for a powerpoint presentation and it can drastically reduce the file size of the finished image. Works great too if you have pictures you want to email or post on a web page but don’t want to waste a lot of space.
If you can open it that means it is get damaged or corrupt. Use powerpoint repair methods or software to repair it.
You may extract, read, open powerpoint presentation thanks to next software PowerPoint Repair Toolbox