I am using the cross-compile environment from nslu2-linux.org. The toolchain built fine and most packages do so as well however libmemcache fails to do so at all.

It gets up to a certain point then fails complaining about either libtool or thinking the parameters given are commands.

My OS is Ubuntu 8.10 beta. It is using libtool version 2.2.4. Any ideas?

Here is the error code. I can't seem to find a fix for this.
Code:
shinji@shinji-laptop:~/optware/oleg$ make libmemcache
rm -f /home/shinji/optware/oleg/builds/libmemcache/.built
make -C /home/shinji/optware/oleg/builds/libmemcache
make[1]: Entering directory `/home/shinji/optware/oleg/builds/libmemcache'
make  all-recursive
make[2]: Entering directory `/home/shinji/optware/oleg/builds/libmemcache'
Making all in doc
make[3]: Entering directory `/home/shinji/optware/oleg/builds/libmemcache/doc'
make[3]: Nothing to be done for `all'.
make[3]: Leaving directory `/home/shinji/optware/oleg/builds/libmemcache/doc'
Making all in include
make[3]: Entering directory `/home/shinji/optware/oleg/builds/libmemcache/include'
Making all in memcache
make[4]: Entering directory `/home/shinji/optware/oleg/builds/libmemcache/include/memcache'
make[4]: Nothing to be done for `all'.
make[4]: Leaving directory `/home/shinji/optware/oleg/builds/libmemcache/include/memcache'
make[4]: Entering directory `/home/shinji/optware/oleg/builds/libmemcache/include'
make[4]: Nothing to be done for `all-am'.
make[4]: Leaving directory `/home/shinji/optware/oleg/builds/libmemcache/include'
make[3]: Leaving directory `/home/shinji/optware/oleg/builds/libmemcache/include'
Making all in src
make[3]: Entering directory `/home/shinji/optware/oleg/builds/libmemcache/src'
if /bin/sh ../libtool --tag=CC --mode=compile /home/shinji/optware/oleg/toolchain/mipsel-linux-uclibc/gcc-4.1.1-uclibc-0.9.28/bin/mipsel-linux-uclibc-gcc -DHAVE_CONFIG_H -I. -I. -I.. -I../include  -O2   -pipe  -I/home/shinji/optware/oleg/staging/opt/include -D__linux  -O3 -std=c99 -Wall -pipe -Wpacked -Wdisabled-optimization -MT memcache.lo -MD -MP -MF ".deps/memcache.Tpo" -c -o memcache.lo memcache.c; \
	then mv -f ".deps/memcache.Tpo" ".deps/memcache.Plo"; else rm -f ".deps/memcache.Tpo"; exit 1; fi
../libtool: line 790: X--tag=CC: command not found
../libtool: line 823: libtool: ignoring unknown tag : command not found
../libtool: line 790: X--mode=compile: command not found
../libtool: line 956: *** Warning: inferring the mode of operation is deprecated.: command not found
../libtool: line 957: *** Future versions of Libtool will require --mode=MODE be specified.: command not found
../libtool: line 1100: X/home/shinji/optware/oleg/toolchain/mipsel-linux-uclibc/gcc-4.1.1-uclibc-0.9.28/bin/mipsel-linux-uclibc-gcc: No such file or directory
../libtool: line 1100: X-DHAVE_CONFIG_H: command not found
../libtool: line 1100: X-I.: command not found
../libtool: line 1100: X-I.: command not found
../libtool: line 1100: X-I..: command not found
../libtool: line 1100: X-I../include: No such file or directory
../libtool: line 1100: X-O2: command not found
../libtool: line 1100: X-pipe: command not found
../libtool: line 1100: X-I/home/shinji/optware/oleg/staging/opt/include: No such file or directory
../libtool: line 1100: X-D__linux: command not found
../libtool: line 1100: X-O3: command not found
../libtool: line 1100: X-std=c99: command not found
../libtool: line 1100: X-Wall: command not found
../libtool: line 1100: X-pipe: command not found
../libtool: line 1100: X-Wpacked: command not found
../libtool: line 1100: X-Wdisabled-optimization: command not found
../libtool: line 1100: X-MT: command not found
../libtool: line 1100: Xmemcache.lo: command not found
../libtool: line 1100: X-MD: command not found
../libtool: line 1100: X-MP: command not found
../libtool: line 1100: X-MF: command not found
../libtool: line 1100: X.deps/memcache.Tpo: No such file or directory
../libtool: line 1100: X-c: command not found
../libtool: line 1151: Xmemcache.lo: command not found
../libtool: line 1156: libtool: compile: cannot determine name of library object from `': command not found
make[3]: *** [memcache.lo] Error 1
make[3]: Leaving directory `/home/shinji/optware/oleg/builds/libmemcache/src'
make[2]: *** [all-recursive] Error 1
make[2]: Leaving directory `/home/shinji/optware/oleg/builds/libmemcache'
make[1]: *** [all] Error 2
make[1]: Leaving directory `/home/shinji/optware/oleg/builds/libmemcache'
make: *** [/home/shinji/optware/oleg/builds/libmemcache/.built] Error 2