Wow, are you using cu (call Unix) to connect to another computer over a serial port or modem? I haven't heard of anyone doing that since the '80s! Though cu isn't part of ESXi, you could instead map the serial port to a Linux virtual machine and run cu from in the VM.
With ESXi VMware is optimizing the system to run, monitor, and manage Virtual Machine; part of this effort is eliminating the Linux Console OS management VM.