Are you sure that it doesn't say "Bootmanager: not found." ?
Doubt you'd have ftp or telnet connection if you were missing a bootloader.
Here this is what I get while connecting in DCC. I can transfer files using it through FTP. All works fine why does is show like that below
Telnet Connected
FTP Connected
Model DM500 detected.
Bootmanager: not found.
FTP1: < 220 Willkomen auf Ihrer Dreambox.
FTP1: > USER root
FTP1: < 331 Please specify the password.
FTP1: > PASS dreambox
FTP1: < 230 Login successful. Have fun.
FTP1: > CWD /etc
FTP1: < 250 Directory successfully changed.
FTP1: > PWD
FTP1: < 257 "/etc"
FTP1: > PORT 192,168,1,3,13,90
FTP1: < 200 PORT command successful. Consider using PASV.
FTP1: > LIST
FTP1: < 150 Here comes the directory listing.
FTP1: < 226 Directory send OK.
FTP1: ! 1760 bytes received/sent in 0 milliseconds
FTP2: < 220 Willkomen auf Ihrer Dreambox.
FTP2: > USER root
FTP2: < 331 Please specify the password.
FTP2: > PASS dreambox
FTP2: < 230 Login successful. Have fun.
FTP2: > CWD /etc
FTP2: < 250 Directory successfully changed.
FTP2: > PASV
FTP2: < 227 Entering Passive Mode (192,168,1,2,196,149)
FTP2: > RETR image-version
FTP2: < 550 Failed to open file.
FTP1: > CWD /
FTP1: < 250 Directory successfully changed.
FTP1: > PWD
FTP1: < 257 "/"
FTP1: > PORT 192,168,1,3,13,98
FTP1: < 200 PORT command successful. Consider using PASV.
FTP1: > LIST
FTP1: < 150 Here comes the directory listing.
FTP1: < 226 Directory send OK.
FTP1: ! 753 bytes received/sent in 16 milliseconds
FTP1: > CWD /mnt
FTP1: < 250 Directory successfully changed.
FTP1: > PWD
FTP1: < 257 "/var/mnt"
FTP1: > PORT 192,168,1,3,13,100
FTP1: < 200 PORT command successful. Consider using PASV.
FTP1: > LIST
FTP1: < 150 Here comes the directory listing.
FTP1: < 226 Directory send OK.
FTP1: ! 182 bytes received/sent in 0 milliseconds
FTP1: > PWD
FTP1: < 257 "/var/mnt"
FTP1: > CWD /
FTP1: < 250 Directory successfully changed.
FTP1: > PWD
FTP1: < 257 "/"
FTP1: > PORT 192,168,1,3,13,108
FTP1: < 200 PORT command successful. Consider using PASV.
FTP1: > LIST
FTP1: < 150 Here comes the directory listing.
FTP1: < 226 Directory send OK.
FTP1: ! 753 bytes received/sent in 0 milliseconds
FTP1: > CWD /
FTP1: < 250 Directory successfully changed.
FTP1: > PWD
FTP1: < 257 "/"
FTP1: > PORT 192,168,1,3,13,110
FTP1: < 200 PORT command successful. Consider using PASV.
FTP1: > LIST
FTP1: < 150 Here comes the directory listing.
FTP1: < 226 Directory send OK.
FTP1: ! 753 bytes received/sent in 16 milliseconds
FTP1: > PORT 192,168,1,3,13,112
FTP1: < 200 PORT command successful. Consider using PASV.
FTP1: > LIST
FTP1: < 150 Here comes the directory listing.
FTP1: < 226 Directory send OK.
FTP1: ! 753 bytes received/sent in 0 milliseconds