time server daemon timed allows remote attackers to cause a denial of service via malformed packets.
https://exchange.xforce.ibmcloud.com/vulnerabilities/6228
http://www.novell.com/linux/security/advisories/2001_007_nkitserv.html
http://www.linux-mandrake.com/en/security/2001/MDKSA-2001-034.php3