Found a piaxe netserve in an old storeroom

Hello all:
recently we were cleaning out the old boss's office, and ran across a "picaxe netserver w/ with a axe-022 board and another bd with compents ( not assembled). I can vaguely rember the project. If I remember correctly, the project was canceled.
Anyway I have the netserve powered up and the display reads "Picaxe net v1.00, and the green leds are flashing.
Now if I plug a laptop into it I can get the demo page. but can't do anything. now with the serial cable plugged in it gives me an error saying "bad cable or no power.... it has power, and the cable works elsewhere. Am I doing something wrong?