if u see the code above then there is no extra spaces used, the spaces that u r seeing will not be rendered by the browser and to achive that as per formatting u will need to use
after every statement so ur final code may look like this :
<table width=100%>
<tr>
<td valign="top" align="left">
<font face=arial size=1>
Motherboard: ESC L7VTA
Processor: AMD Duron 850MHz
Video Card: S3 Trio 32/64
Memory: Generic 128MB DDR 2100
Sound Card: Sound Blaster Live!
Hard Drive: Maxtor IDE 10GB
CD-ROM: Pionner 32x DVD Slot Load
</font>
</td>
<td valign="top" align="left">
<font face=arial size=1>
Motherboard: ??
Processor: intel Pentium
Video Card: ATI Rage 1MB
Memory: Generic 16MB SIMMs
Sound Card: Crystal CS4232
Hard Drive: Seagate IDE 410MB
lol crappy computers eh?
</font>
</td>
</tr>
</table>
note : assuming here that u want both the columns to be left aligned incase u need to align the right hand to column to right then use <td valign="top" align="right"> for the second td
cheers !!