Well, if you look at the strtotime string, you have "2008W390" which.. well... there is no week 390 in the year 2008; however, that should just do nothing but give you the correct first date.
Anyway... Inside of php5, this code actually works, and works well:
<?php
$week = '39';
$timestamp = strtotime(date('Y').'W'.$week."O");
echo $timestamp . "\n";
echo date('Y-m-d', $timestamp) . "\n";
echo date('Y-m-d', strtotime(date('Y').'W'.$week.' +6 days'));
Which gives the output:
1222048800
2008-09-21
2008-09-28
Inside php4, the syntax 2008W?? doesn't work. I would suggest you upgrade to a supported version of PHP.