Thanks for your input we found the fix for this on HP's web site for the following system information:
System Manufacturer HPSystem Model ProLiant DL585 G2System Type x64-based PCProcessor AMD64 Family 15 Model 65 Stepping 3 AuthenticAMD ~2612 MhzProcessor AMD64 Family 15 Model 65 Stepping 3 AuthenticAMD ~2612 MhzProcessor AMD64 Family 15 Model 65 Stepping 3 AuthenticAMD ~2612 MhzProcessor AMD64 Family 15 Model 65 Stepping 3 AuthenticAMD ~2612 MhzBIOS Version/Date HP A07, 3/28/2008
AMD Processor Driver Version 1.3.2.0053 for Windows XP and Windows Server 2003 (x86 and x64)
September 2007
You could also disable Power Management
Set it to HP Static High Performance Mode
iLo>Power Management>Settings
JB