what the heck are you trying to do?
Are you sure it's such a great idea to make the binary 777?
umount /mnt/cdrom >/dev/null 2>&1
echo "Mounting cdrom... if something pops up, close it"
if [ mount /mnt/cdrom >/dev/null 2>&1 ]
echo "The cd did not mount properly. Please reinsert cd"
echo Installing ServeRAID Manager....
rpm --install /mnt/cdrom/linux/manager/RaidMan-4.84.i386.rpm 2> /dev/null
echo Copying ipssend to /usr/bin and changing permissions to 755....
cp /mnt/cdrom/linux/cmdline/ipssend /usr/bin 2> /dev/null
chmod 755 /usr/bin/ipssend
umount /mnt/cdrom 2> /dev/null
echo Installation of ServeRAID is now complete. You may remove the cd.
I'm not sure if this does exactly what you want, but it should.