Finally the following link saved me!

http://blogs.technet.com/victorbutuza/archive/2008/10/20/how-to-remove-something-the-port-from-the-url-as-returned-in-the-search-results-searchresults-aspx.aspx

If you don’t find this in MOSS, make sure you are creating a new site collection and not a sub site under a site collection.

1. In the Shared Services Provider –> Search Settings –> Content Sources –> <Your Search Site List> –> sps3://<sitename> has been specified. Most likely you have removed this from the list thinking it is not useful!

2. Make sure you have a Search Center site setup. If this is not available, create one using:

Site Settings –> Create Site –> Enterprise –> Search Center / Search Center with Tabs. (for e.g. let this be http://yoursite.com/Search)

3. Go to Site Settings (Site Collection Administration Settings) –> Search Settings –> Use Custom Scope –> http://yoursite.com/Search

Now you should start seeing your results!

Note: If the user gets a ‘Access denied’ message when he tries to access the page, make sure he has ‘Manage User Profiles’ permission in the

Admin Site –> Shared Service Provider –> User Profiles and My Sites –> Personalization services permissions

Now to remove the ‘My Settings’  link, do the following.

http://blogs.pointbridge.com/Blogs/ajgaonkar_amol/Pages/Post.aspx?_ID=6

Adding a new link ‘My Profile’

To add a new item in the ‘Welcome’ menu, we need to create and deploy a feature.

1. Go to <Program Files>\Common Files\Microsoft Shared\Web Server Extensions\12\TEMPLATE\FEATURES
2. Create a new folder ‘UpdateMyProfile’
3. Under this folder create a file ‘feature.xml’ and paste the following code in this file.

<?xml version="1.0" encoding="utf-8"?>
<Feature Id="xxxxxxxx-xxxx-xxxx-xxxx-xxxxxxxxxxxx"
    Title="My Profile"
    Description=""
    Version="1.0.0.0"
    Scope="Site"
    xmlns="http://schemas.microsoft.com/sharepoint/">
  <ElementManifests>
    <ElementManifest Location="elements.xml"/>
  </ElementManifests>
</Feature>

Note: the ‘Feature Id’ should be replaced by a new GUID. You can use the http://www.guidgenerator.com/online-guid-generator.aspx site to create a new GUID.

4. Create another file called ‘elements.xml’ and paste the following code.

<Elements xmlns="http://schemas.microsoft.com/sharepoint/">
  <CustomAction Id="PersonalActionsMenu_MyProfile"
    GroupId="PersonalActions"
    Location="Microsoft.SharePoint.StandardMenu"
    Sequence="101"
    Title="My Profile"
    Description="Update your user information"
    ImageUrl="/_layouts/images/menuprofile.gif">
    <UrlAction Url="/_layouts/editprofile.aspx"/>
  </CustomAction>
</Elements>

5. Now install this feature to the farm using the stsadm command.

stsadm -o installfeature -name UpdateMyProfile

6. Now activate this feature to the site using the stsadm command.

stsadm -o activatefeature -name UpdateMyProfile –url http://intranet.yoursite.com

Now if you login to your site, you should be able to see a new ‘My Profile’ link under the ‘Welcome’ menu!!