Yes. Along with launching your local version of cpan, you also need to launch your local version of perl. Which is why I recommended adjusting $ENV{PATH} so your local Perl gets found first. The error message explains that well:

Perl lib version (v5.8.8) doesn't match executable version (v5.8.4)

You're running perl5.8.4 but you have set up the Perl libraries to point to those of 5.8.8. To fix this, you need to launch the 5.8.8 Perl as well. Do:

/tools/sol/perl/bin/perl Makefile.PL PREFIX=/Perl_Modules

instead of using

perl Makefile.PL PREFIX=/Perl_Modules

In reply to Re^3: perl installation by Corion
in thread perl installation by YGP

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