Hi matt18712,
I don't think that installing LabVIEW would have caused HyperTerminal to malfunction or run sluggishly. One thing you can try to do is to uninstall LabVIEW to see if it changes anything, but it does not seem like it would make a difference.
Another thing you can do is use another simple serial communications program as an alternative to HyperTerminal. There is a free open source alternative called TeraTerm Pro available
here. It is a simple program and easy to use, and has the same functionalities as HyperTerminal.
Let us know how that goes!
Rasheel