make (v. 3.81) fails -- "target pattern contains no `%'"

[Aslam Karachiwala]

cygcheck.out attached.

 The Makefiles were copied from Solaris 10, and make worked fine prior
to the update yesterday (7/11/06), and it works fine, again, after I
reverted back to make v. 3.80

 From setup.ini of yesterday's update:

@ make
 sdesc: "The GNU version of the 'make' utility"
 ldesc: "A GNU tool for controlling the generation of executables and other
 non-source files of a program from the program's source files. Make
 allows users to build and install packages without any significant
 knowledge about the details of the build process. The details about
 how the program should be built are provided for make in the program's
 makefile."
 category: Devel
 requires: cygwin coreutils bash libintl2 libiconv2 _update-info-dir
 version: 3.81-1
 install: release/make/make-3.81-1.tar.bz2 355374
1f0977aa20a54cdd00b5ce5e7064866c
 source: release/make/make-3.81-1-src.tar.bz2 1176921
473a647a5ad7bc57f0b4646a365a884a
 [prev]
 version: 3.80-1
 install: release/make/make-3.80-1.tar.bz2 286814
421acbc7a0605a117afb126e46d0f632
 source: release/make/make-3.80-1-src.tar.bz2 1260043
0b941f8c1003b4c90171c5f65b5501da

 The error -- target pattern contains no `%' -- occurs at a target
such as the following:

releaseproducts  :: $(RELEASEDIR)/$(BINIMAGE)

 --aslam
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