Yep!
That's the way to find it. Are you good with the command line? You'll need to telnet or SSH, or maybe hook up a monitor the the SME and work from there. My person favorite tool for windows is PUTTY.EXE which allows you to expand the screen and see a lot more information. You will need the space.
netstat -tupan
This is going to display several columns. The two you care about are Local Address (your evil/infected machine) and Foreign Address (the folks your evil child is attacking). To narrow things down a little, try:
netstat -tupan |grep :25
This will get you all the connection on port 25. Of course, make sure no one turns off their PCs at night... or you may not see the problem.
Hope this helps.