The default password used by the BMC ( Baseboard management Controller ): 
eServer xSeries 3350 
eServer xSeries 3387 
 
username: USERID 
(all uppercase) 
password: PASSW0RD 
(with a zero, and all uppercase) 
 
To quote IBM somewhere on their web site, BMC is . . . 
 
IBM baseboard management controllers 
A baseboard management controller (BMC) is a built-in system component in most System x and BladeCenter servers that provides clients with around-the-clock remote management, including comprehensive monitoring and troubleshooting capabilities. It does so by generating PFA notifications, sending alerts and status to IBM Director, providing remote power control, and driving a server's light path diagnostics.
  
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