Hi Victor,
VMware support .sv2i image, so you can directly open (or import) V2I image into VMware, there is no need to do it with System Recovery Boot CD. You can use File | Import tool or you can use VMware Importer utility for this.
In your case... from some reason you lost your connection to host OS... did you try to move image somewhere on the network, to some workstation or something like that? What tcp/ip address do you get? Do you set network parameter manually? How is Virtual machine configured, for bridge network or something else? Do you use DHCP?