Okay. Here it is. Note: it's not really an article but an exchange with someone who was having the exact same problem that your are encountering right now:
Thread Status: Closed
From: JD Smith 25-Jan-02 14:08
Subject: Getting Managed Standby error when creating database
RDBMS Version: 8.1.7
Operating System and Version: Sun Solaris 5.8
Error Number (if applicable): 01034 and 00439
Product (i.e. SQL*Loader, Import, etc.): Database Configuration Assistant and svrmgrl
Getting Managed Standby error when creating database
Installed Standard Edition, now trying to create a database instance that is using the Archive Redo Logs feature, so hot backups can happen. Getting error ORA-00439 in svrmgrl when starting the database with a init.ora file that has log archive turned on:
ORA-16032: parameter LOG_ARCHIVE_DEST destination string cannot be translated
ORA-07286: sksagdi: cannot obtain device information.
SVR4 Error: 2: No such file or directory
I verified that the directory indeed does exist:
drwxr-xr-x 2 oracle oinstall 512 Jan 22 16:06 .
drwxr-xr-x 10 oracle oinstall 512 Jan 22 16:06 ..
From: Oracle, Kalpana Malligere 28-Jan-02 21:01
Subject: Re : Re : Re : Getting Managed Standby error when creating database
Looks like in your init.ora file, log_archive_start parameter is set to "false" or remarked out, so archive logging is NOT enabled. Suggest to set to true or enable and set log_archive_dest to the directory you wish to write to. If there are any extraneous characters included in this setting (such as single quotes) remove them and let us know if you need assistance.