diff --git a/board/lwmon5/lwmon5.c b/board/lwmon5/lwmon5.c
index 77f998971a..9b24a7e55e 100644
--- a/board/lwmon5/lwmon5.c
+++ b/board/lwmon5/lwmon5.c
@@ -96,6 +96,23 @@ int board_early_init_f(void)
 
 	gpio_write_bit(CFG_GPIO_FLASH_WP, 1);
 
+	/*
+	 * Reset PHY's:
+	 * The PHY's need a 2nd reset pulse, since the MDIO address is latched
+	 * upon reset, and with the first reset upon powerup, the addresses are
+	 * not latched reliable, since the IRQ line is multiplexed with an
+	 * MDIO address. A 2nd reset at this time will make sure, that the
+	 * correct address is latched.
+	 */
+	gpio_write_bit(CFG_GPIO_PHY0_RST, 1);
+	gpio_write_bit(CFG_GPIO_PHY1_RST, 1);
+	udelay(1000);
+	gpio_write_bit(CFG_GPIO_PHY0_RST, 0);
+	gpio_write_bit(CFG_GPIO_PHY1_RST, 0);
+	udelay(1000);
+	gpio_write_bit(CFG_GPIO_PHY0_RST, 1);
+	gpio_write_bit(CFG_GPIO_PHY1_RST, 1);
+
 	return 0;
 }
 
@@ -230,15 +247,6 @@ int misc_init_r(void)
 	/* Write lime controller memory parameters */
 	out_be32((void *)CFG_LIME_MMR, CFG_LIME_MMR_VALUE);
 
-	/*
-	 * Reset PHY's
-	 */
-	gpio_write_bit(CFG_GPIO_PHY0_RST, 0);
-	gpio_write_bit(CFG_GPIO_PHY1_RST, 0);
-	udelay(100);
-	gpio_write_bit(CFG_GPIO_PHY0_RST, 1);
-	gpio_write_bit(CFG_GPIO_PHY1_RST, 1);
-
 	/*
 	 * Init display controller
 	 */
diff --git a/include/configs/lwmon5.h b/include/configs/lwmon5.h
index 00c34d5d7b..52deab43f1 100644
--- a/include/configs/lwmon5.h
+++ b/include/configs/lwmon5.h
@@ -432,7 +432,7 @@
 {GPIO0_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_0}, /* GPIO12				*/	\
 {GPIO0_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_0}, /* GPIO13				*/	\
 {GPIO0_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_1}, /* GPIO14				*/	\
-{GPIO0_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_0}, /* GPIO15				*/	\
+{GPIO0_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_1}, /* GPIO15				*/	\
 {GPIO0_BASE, GPIO_OUT, GPIO_ALT1, GPIO_OUT_0}, /* GPIO16 GMCTxD(4)			*/	\
 {GPIO0_BASE, GPIO_OUT, GPIO_ALT1, GPIO_OUT_0}, /* GPIO17 GMCTxD(5)			*/	\
 {GPIO0_BASE, GPIO_OUT, GPIO_ALT1, GPIO_OUT_0}, /* GPIO18 GMCTxD(6)			*/	\
@@ -473,7 +473,7 @@
 {GPIO1_BASE, GPIO_IN,  GPIO_SEL , GPIO_OUT_0}, /* GPIO50  Unselect via TraceSelect Bit	*/	\
 {GPIO1_BASE, GPIO_IN , GPIO_SEL , GPIO_OUT_0}, /* GPIO51  Unselect via TraceSelect Bit	*/	\
 {GPIO1_BASE, GPIO_IN , GPIO_SEL , GPIO_OUT_0}, /* GPIO52  Unselect via TraceSelect Bit	*/	\
-{GPIO1_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_1}, /* GPIO53  Unselect via TraceSelect Bit	*/	\
+{GPIO1_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_0}, /* GPIO53  Unselect via TraceSelect Bit	*/	\
 {GPIO1_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_0}, /* GPIO54  Unselect via TraceSelect Bit	*/	\
 {GPIO1_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_1}, /* GPIO55  Unselect via TraceSelect Bit	*/	\
 {GPIO1_BASE, GPIO_OUT, GPIO_SEL , GPIO_OUT_0}, /* GPIO56  Unselect via TraceSelect Bit	*/	\