Either someone entered the wrong information or this weapon got stealth nerfed. The correct specs are:
MAGIC ITEM LORE ITEM NO TRADE
Slot: PRIMARY
Skill: 2H Slashing Atk Delay: 48
DMG: 37 AC:7
Effect: Serpent Sight (Must Equip. Casting Time: Instant)
STA:+17 HP:+65 MANA:+65 Endurance:+65
SvFIRE:+5 SvDISEASE:+5 SvCOLD:+5 SvMAGIC:+5 SvPOISON:+5
Recommended level of 55. Required level of 48.
WT: 9.7 Size: Large
Class: WAR PAL RNG SHD BER
Race: HUM BAR DWF TRL OGR HFL GNM VAH FRG
Slot 1, type 4:
Here's a picture. ;)
http://img86.imageshack.us/img86/3199/abaxe2gf.jpg