Device manager and Postgresql error message loop

I'm on MBP 7,1, 2.4GHz Intel Core 2 Duo, 4GB DDR3 Ram, 500GB hard drive with Lion. After the v10.7.3 update, the console has been putting a looping error message regarding Device manager and PostGre SQL (below). Can anyone help? 23/02/12 12:47:07.662 PM com.apple.launchd: (org.postgresql.postgres) Exited with code: 2 23/02/12 12:47:07.662 PM com.apple.launchd: (org.postgresql.postgres) Throttling respawn: Will start in 10 seconds 23/02/12 12:47:13.834 PM com.apple.devicemanager: DEBUG: Initializing DeviceManagerDaemon with ports 3320,3321,3322,3323 (physmem = 4GB) 23/02/12 12:47:13.834 PM com.apple.devicemanager: DEBUG: Making sure Rails is configured properly 23/02/12 12:47:13.834 PM com.apple.devicemanager: DEBUG: Running rake command: /usr/bin/rake db:migrate 23/02/12 12:47:15.044 PM ruby: Unable to create ProfileManager log file at '/var/log/devicemgr/profilemanager.log' (No such file or directory) 23/02/12 12:47:15.044 PM ProfileManager: Unable to create ProfileManager log file at '/var/log/devicemgr/profilemanager.log' (No such file or directory) 23/02/12 12:47:15.045 PM com.apple.devicemanager: Feb 23 12:47:15 Computer.local ProfileManager : Unable to create ProfileManager log file at '/var/log/devicemgr/profilemanager.log' (No such file or directory) 23/02/12 12:47:16.449 PM com.apple.devicemanager: rake aborted! 23/02/12 12:47:16.449 PM com.apple.devicemanager: could not connect to server: No such file or directory 23/02/12 12:47:16.449 PM com.apple.devicemanager: Is the server running locally and accepting 23/02/12 12:47:16.449 PM com.apple.devicemanager: connections on Unix domain socket "/var/pgsql_socket/.s.PGSQL.5432"? 23/02/12 12:47:16.450 PM com.apple.devicemanager: (See full trace by running task with --trace) 23/02/12 12:47:16.461 PM com.apple.devicemanager: (in /usr/share/devicemgr/backend) 23/02/12 12:47:16.470 PM com.apple.devicemanager: /usr/share/devicemgr/backend/devicemgrd:109:in `rake': Rake command failed with 256 (RuntimeError) 23/02/12 12:47:16.470 PM com.apple.devicemanager: from /usr/share/devicemgr/backend/devicemgrd:103:in `setupRails' 23/02/12 12:47:16.470 PM com.apple.devicemanager: from /usr/share/devicemgr/backend/devicemgrd:33:in `run' 23/02/12 12:47:16.470 PM com.apple.devicemanager: from /usr/share/devicemgr/backend/devicemgrd:131 23/02/12 12:47:16.470 PM com.apple.launchd: (com.apple.devicemanager) Exited with code: 1 23/02/12 12:47:16.470 PM com.apple.launchd: (com.apple.devicemanager) Throttling respawn: Will start in 8 seconds 23/02/12 12:47:17.682 PM org.postgresql.postgres: postgres_real cannot access the server configuration file "/var/pgsql/postgresql.conf": No such file or directory 23/02/12 12:47:17.682 PM com.apple.launchd: (org.postgresql.postgres) Exited with code: 2 23/02/12 12:47:17.682 PM com.apple.launchd: (org.postgresql.postgres) Throttling respawn: Will start in 10 seconds 23/02/12 12:47:24.482 PM com.apple.devicemanager: DEBUG: Initializing DeviceManagerDaemon with ports 3320,3321,3322,3323 (physmem = 4GB) 23/02/12 12:47:24.483 PM com.apple.devicemanager: DEBUG: Making sure Rails is configured properly 23/02/12 12:47:24.483 PM com.apple.devicemanager: DEBUG: Running rake command: /usr/bin/rake db:migrate 23/02/12 12:47:25.718 PM ruby: Unable to create ProfileManager log file at '/var/log/devicemgr/profilemanager.log' (No such file or directory) 23/02/12 12:47:25.718 PM ProfileManager: Unable to create ProfileManager log file at '/var/log/devicemgr/profilemanager.log' (No such file or directory) 23/02/12 12:47:25.718 PM com.apple.devicemanager: Feb 23 12:47:25 Computer.local ProfileManager : Unable to create ProfileManager log file at '/var/log/devicemgr/profilemanager.log' (No such file or directory) Thanks