I'm not familiar with this board but according to this link the application is supposed to start a telnet server (on port 1000) and an http server. I suggest that you look at the output on the serial link (to get the IP of your board, let's assume 10.159.245.156 as in the example), and if you get what is expected then you can try to telnet to your board:
telnet 10.159.245.156 1000
The kit gives you project file for three toolchains (IAR 5.4, Keil and GNU). You'll have either to open the correct one depending on your toolchain (which one do you use?), or adapt if you use another one.
Edit: You apparently use the IAR toolchain, thus you need to open the *.eww file (for instance basic-emac-uip-helloworld-project.eww). This example only obtains an IP and displays statistics on the debug output (serial link?). There are other examples for a telnet or http server.
Moreover it's a detail but I think the emacs tag is irrelevant in your post. I think you confused EMAC (what is this?) and Emacs which is a popular text editor.