thats pretty cheap, don't expect alot of support and specials with that but a few that might be able to meet that price are:
http://valueweb.com/dedicated/dedicated-hosting.htm
http://www.serverbeach.com/catalog/b....php?os=redhat
http://www.atlantic.net
theres others but for less then $80/month tell your friend to go with colocation instead of dedicated.