I got it to update. Re-installed rac tools and now it works. must have been a bad install.
I purchased a DRAC4/I used to put in a PE2850 running Server 2008 R2. The BIOS recognizes the card and gives the option to boot from its drives. When I go to [URL] I can not log in. According to the DRAC help, the default user/pass is root/calvin , which I have tried several times with no sucess. I noticed that it is using old firmware (1.35, the newest is 1.75) When I run cmd as admin on the server, I can use the racadm command line tool, but when I run "racadm fwupdate -p -u -d C:\path\to\firmimg.dm1", I get this response: "ERROR: A firmware update operation is already in progress." When I run "racadm fwupdate -s", it returns "Preparing for firmware update. Please wait..."   Any solution to these two problems?
Accessing / Updating firmware on DRAC4/I