This article is from a FAQ concerning SCO operating systems. While some of the information may be applicable to any OS, or any Unix or Linux OS, it may be specific to SCO Xenix, Open There is lots of Linux, Mac OS X and general Unix info elsewhere on this site: Search this site is the best way to find anything.
You have a line in /usr/lib/uucp/Devices that references that modem line at some other speed, and the getty program is looking at that. See /Unixart/hispeed.html for a more detailed explanation.
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Let us change our traditional attitude to the construction of programs: Instead of imagining that our main task is to instruct a computer what to do, let us concentrate rather on explaining to human beings what we want a computer to do. (Donald Knuth)