Turns out it was a Mambo exploit. Here is a post from Outpost24.com...
QUOTE
Mambo worm in the wild
2005-12-05 8:08 PM, GMT
Mambo is a dynamic portal engine and content management system. The software is written in PHP. A computer researcher which goes under the alias rgod released an exploit for the "register_globals" Emulation Layer Overwrite vulnerability and just a few days after
the vulnerability was released increased attacks for this vulnerability was monitored, the increased traffic is due to a worm which is currently in the wild.
Linux/Elxbot is a backdoor for the Mambo vulnerability. It will search on Google for vulnerable targets. Once it infects a computer it will connect to a predetermined IRC server where the attackers will wait and have the possibility to gain access to the infected computer. The attackers may also perform various tasks such as:
* Execute arbitrary commands
* TCP flood
* HTTP flood
* UDP flood
* Search Google for more vulnerable targets
* Portscan
On certain systems it will also download a perl script which will allow the attacker to create a backchannel and spawn a shell on the infected computer with the same privileges as the running webserver.
There is a security patch available from Mambo:
http://www.mamboserver.com/index.php?optio...id=172&Itemid=1
Hope this helps someone else.