Solved: Read in Forum 
http://forums.contribs.org/index.php?topic=36539.0combined with "man genericups" to understand how things joined each other.
The cable issue are crusial. 
/Ice
Intitial thoughts and problem below:
Thanks 4 a nice guide still got one prob.
Stopping UPS monitor:                                      [  OK  ]
Stopping upsd:                                             [  OK  ]
Shutting down upsdrvctl: Network UPS Tools - UPS driver controller 2.0.5
Can't open /var/run/nut/newapc-UPS.pid: No such file or directory
Starting upsdrvctl: Network UPS Tools - UPS driver controller 2.0.5
Can't start /sbin/newapc: No such file or directory
                                                           [FAILED]
Starting upsd:                                             [  OK  ]
Starting UPS monitor (master):                             [  OK  ]
=============
[root@kor init.d]# config show nut
nut=service
    Cable=940-0024C
    Device=/var/lib/ups/ttyS0
    MasterPass=759964811456487
    Model=newapc
    SlavePass=176362351604865
    status=enabled
[root@kor init.d]#
 uname -a
Linux kor 2.6.9-42.0.10.ELsmp #1 SMP Tue Feb 27 10:11:19 EST 2007 i686 athlon i386 GNU/Linux
 SME Server 7.1.3
Any tip are welcome.
Also tried the generic driver.
/Ice