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Your processor speed is actually correct AMD calculate the clock speeds differently from Pentium type processors, a 3400+ is a 2.0 GHZ processor, see the list below for speeds
Sempron 2500+ 1.40 GHz 800 MHz 128 KB 754
Sempron 2600+ 1.60 GHz 800 MHz 128 KB 754
Sempron 2800+ 1.60 GHz 800 MHz 256 KB 754
Sempron 3000+ 1.80GHz 800 MHz 128 KB 754
Sempron 3100+ 1.80 GHz 800 MHz 256 KB 754
Sempron 3300+ 2 GHz 800 MHz 256 KB 754
Sempron 3400+ 2 GHz 800 MHz 256 KB 754
Don't worry too much about the proceesor not being recognised as long as you know it is running at the correct speed.