Yeah - same here. Our standard is to use server host name for the traps - but this one slipped through the cracks and was set wrong.
My guess it that something was funky in the iLO configuration and simply making a switch somethere caused the iLO to "reset itself"...not physically reset, but rather clear out the bad data somewhere. So the traps setting was not really the problem - but making a change to the trap settings "cleared the junk out", wherever it was...
NK