hardware problem?

i googled this. this looks like a hardware issue right?

ERROR at line 1:
ORA-01115: IO error reading block from file 12 (block # 546933) ORA-01110: data file 12:
'C:\ORACLE\PRODUCT\10.2.0\ORADATA\CCDEV\USERS02.DBF'

ORA-27091: unable to queue I/O
ORA-27070: async read/write failed
OSD-04006: ReadFile() failure, unable to read from file
O/S-Error: (OS 121) The semaphore timeout period has expired.
ORA-06512: at "SYS.DBMS_REPAIR", line 293
ORA-06512: at line 1

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