Hiya all ... i am a newbie to UNIX,

Just want to knwo what this command does:
/sbin/ifconfig eth0 | grep 'inet addr:' | cut -d: -f2 | awk '{ print $1}'

I think, 'grep shows the line with 'inet addr' (which is the 2nd line, displaying the IP Address, Broadcast Address and Subnet Mask) ... Is this correct?

What does the Second part do? {cut -d: -f2}?

Thanks in advance.

Kind Regards
ad4m88