I've found a handful of posts mentioning this problem, but no solutions yet. 
The command line that I'm trying to run with is

qemu-system-i386 --enable-kvm disk.img

If I remove the --enable-kvm it runs fine. Otherwise, I get a blank screen with 
the message  "Guest has not initialized the display".

This problem only shows up with the executable that I built from source. If I 
use the prebuilt executable from the Ubuntu repository,
it works fine with the --enable-kvm switch. My configuration command is

./configure --prefix=${HOME}/qemu-build --enable-kvm --target-list=i386-softmmu

Any ideas?

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