Workstation that prints Slow-Very Slow

I have a small office (12 Workstations) in a domain and we have one network
printer (HP 4240N). I have one worksation that when we try to print to it,
it seems to lock up the application (excel, word) but if i wait 10-15 mins it
finally prints. Even if I do print preview it locks up the application for
10-15 mins then print preview will show. I also tried to print a test page
from the printer properties and it takes 10-15 min for the printer properties
to pop up and then another 10-15 mins from the time I click "print test page"
to the time it acutally prints it. If I try a local (lpt1)printer it prints
fine... If I print from MS-Dos cmd line to the network printer it prints
fine... I did try to download new printer drivers and that did not help
either... I also tried logging onto the workstation as admin and that did not
make any difference... Please help!