c33 - A tty terminal attached to serial ports S1 or S2 was selected.
I presume no HMC.
When you say "console monitor", what sort of console is it?, dumb terminal or LFT?
Does it respond to a telnet connection?
Have you looked in the ASMI settings (service processor menus) to check the console speed etc.? - 19,200, 8, n, 1, I believe on p5 machines.
As far as I know the serial ports on p5xx machines are configured from ASMI, there are no tty devices so smit config is not possible, so if a dumb terminal works during the boot process it should also work once AIX is up and running, as long as you have a suitable cable...