Sorry to leave you guys hanging for so long. Haven't been on the boards for quite a while. The posts on this thread are pretty old, but I will go ahead and reply so that it's out there - cause Lucent's documentation is terrible (at least on these switches).
WARNING: this restores the switch back to factory defaults!!! You will lose the entire config!!!
- Connect to the console port with PC or laptop of choice.
(I'm going to assume you know how to connect to the console)
- Power down the switch
- Press and HOLD the 'Display Menu' button located on the Sup Mod
- Power up the switch (while still holding the 'Display Menu' button)
- This boots the switch into a 'boot mode', the prompt on the console should look like "Boot>"
- Type the command "nvram init" and hit enter
- It will warn you and ask you to confirm (y/n)
- Type 'y' and press enter
At this point either power down the switch and then power it back up, or at the prompt type the command 'reset' and hit enter.
Login is, username: root, password: root
There is NO password to get into 'enable' mode.
We've bought probably 10 of the P550s off of ebay and this process has worked every time.
Good luck!
'If at first you don't succeed, then skydiving isn't for you.'