This setup shows using DHCP for the DRAC ip address, but it can be hard set as well.

    * Enter setup F2
         1. Cursor down to Serial Communications.
         2. Set the other fields to the following.
                o Serial Communication : On with console Redirection via COM2
                o External Serial Connector : Remote Access Device
                o Failsafe Baud Rate : 57600
                o Remote Terminal Type : VT100/VT200
                o Redirection After Boot: Enabled 

         3. Save and exit. 

    * Enter the RAC configuration when prompted CTRL-E

          o Set the ip address to DHCP
          o Set the LAN User password to the current console password.
          o Write down the DRAC MAC address.

          o Save and Exit

Enter the MAC address in dhcp on your dhcp server dhcpd.conf in the appropriate section.
Restart DHCPNow we should be able to ssh to the console.

 ssh vt-11-c -l root

 root@vt-11-c's password:
 Warning: No xauth data; using fake authentication data for X11 forwarding.

 Dell Remote Access Controller 5 (DRAC 5)
 Firmware Version 1.20 (Build 07.03.02)

 $

To get to the console type:

 connect com2

This message flashes…

 Connected to com2. To end type: '^'

Then you should have the console login.

 Red Hat Enterprise Linux WS release 4 (Nahant Update 5)
 Kernel 2.6.9-55.ELsmp on an x86_64

 vt-11 login:

To escape type ‘CTRL’ + »

 $

To change root password on a DRAC from ssh shell

 $ racadm config -g cfgUserAdmin -o cfgUserAdminPassword -i 2 NewPasswordHere

Now to do power tasks on the dell type smclp.

 $ smclp
 DRAC5 SM-CLP System Management Shell, version 1.0
 Copyright (c) 2004-2007 Dell, Inc.
 All Rights Reserved

cd system1

/system1

show

/system1:

  Targets:
    logs1

  Properties:
    CreationClassName       = CIM_ComputerSystem
    Name                    = 7B0CZC1
    NameFormat              = other
    Dedicated               = 0
    ResetCapability         = 4
    EnabledState            = 2
    RequestedState          = 12
    EnabledDefault          = 2
    HealthState             = 5
    OperationalStatus       = 2
    Description             = PowerEdge 2970

  Verbs:
    cd
    exit
    help
    reset
    show
    start
    stop
    version

    * To reboot the system type "reset"
    * To power off "stop"
    * To power on "start"