Panther has replaced Sendmail with Postfix. If you did the 10.3 'upgrade' instead of the 'archive and install' or 'clean install' then your Postfix won't work. The upgrade option didn't run the CreateSystemUsers script that adds the Postfix user to NetInfo. Here's how to setup Postfix, and here's how to run the CreateSystemUsers script if you upgraded.Huh?
I bought a Mac to get away from this stuff.
What is this guy talking about?