When I click on the time capsule volume in Finder's "Shared" side panel, I see "Connection Failed" in the gray bar at the top of the window. I then click on "Connect As..." and the dialog appears "Connection Failed: This file server is running on your machine. Please access the volumes and files locally."
However, I can connect to my Time Capsule volume using Apple-K (connect to server).
I don't understand why one method works and the other does not. This problem occurs only on one machine---my other macbooks access the volume without a problem.
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Here's an older posting that I found that asked basically the same question. Unfortunately, there was no answer to this question:
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author: pamadeo
http://discussions.apple.com/message.jspa?messageID=7309217#7309217
pamadeo
Registered: Apr 16, 2008 Re: AFP Mount Error -5002
Posted: Jul 7, 2008 2:18 PM in response to: Demetrios
I'm having the same problem under 10.5.4. An additional symptom is related to networked Time Machine backups. While I can connect to the backup share via the "Connect to Server" menu item in Finder, I can't connect to it from the Time Machine systems pref pane. If I choose the share as the backup disk, I get prompt to enter username and password even though I have all the Kerberos tickets already issued and active. I reenter the password anyway, then get the same "Connection Failed" error.