Guys, cheers...edicom installation problems has been fixed in the latest version present in extra devel repo.
Following new features have been added to edicom, which allow the user to add or remove break point just by clicking the viewport showing the line number. You can run complicated programs even which requires linking the shared library, and even you can specify the command line arguments for a program now.
Just watch the following video.

Guys, I know you people are facing the problem of installation.
in case if you face the problem with the sh /home/user/edicom.sh , try following commands

# apt-get install gcc

# apt-get install libc6-dev

# apt-get install linux-kernel-headers

# apt-get install libgcc1

# apt-get install gdb

incase if you have problem with the gdb installation and get some error like
E: Unable to fetch some archives, maybe run apt-get update or try with --fix-missing?

download gdb from the following link
http://repository.maemo.org/extras/pool/fremantle-1.2/free/g/gdb/gdb_6.8.50.20090417-0maemo2+0m5_armel.deb

# dpkg -i gdb_6.8.50.20090417-0maemo2+0m5_armel.deb
soon will fix the installation problem you guys are facing