Quote:
The LAN Manager (LM) Hash
The LM hash is technically speaking not a hash at all. It is computed as follows:
1. Convert all lowercase characters in the password to uppercase
2. Pad the password with NULL characters until it is exactly 14 characters long
3. Split the password into two 7 character chunks
4. Use each chunk separately as a DES key to encrypt a specific string
5. Concatenate the two cipher texts into a 128-bit string and store the result
What L0phtcrack or Cain is telling you is that it has cracked one 7 byte section of the password already. (there may be a better way to say that, someone else pipe in)