In working on installing Cab Extract, Install Problem

[Wade Smart]

11092005 1927 GMT-5

Im installing Cabextract and I ran into a little problem:
wadesmart at wadesmart:~/Downloads/Applications$ cd cabextract-1.1
wadesmart at wadesmart:~/Downloads/Applications/cabextract-1.1$ ./configure
checking for a BSD-compatible install... /usr/bin/install -c
checking whether build environment is sane... yes
checking for gawk... no
checking for mawk... mawk
checking whether make sets $(MAKE)... no
checking for gcc... no
checking for cc... no
checking for cc... no
checking for cl... no
configure: error: no acceptable C compiler found in $PATH
See `config.log' for more details.
wadesmart at wadesmart:~/Downloads/Applications/cabextract-1.1$

Am I reading this to mean I need to install a C compiler.

Wade