I think that is a 7043 43p 150.
Here are the books:
http://publib.boulder.ibm.com/infoce...343pseries.htm
Did the system have a graphics console in the past?
In the user's guide check the SMS chapter and then try booting to SMS, go to the utilities menu and then use option 7 to set the console, it may just be that is was set to another serial port or the graphics adapter in the past and you just need to change it to your current console.
It seems very odd that you do not see the problem after it has been unplugged for a short time.
It seems that if the system does not hold the date and time then either the battery is becoming flat, or the system board might be faulty, I'd try replacing the battery first!
The settings in SMS can be lost if the battery is failing and here the console is set.
What does the AIX command prtconf show? feel free to remove or change the serial number and any other sensitive information if you would prefer not to post it here.
HTH.