This seems to be the same problem we had experienced with the 'Weblinks' module in the past...
http://drupal.org/node/299357
where links with a caret "^" in them cannot be used because the Links module thinks that they are invalid URL's and doesn't allow the node to be created.
Is this possible to be fixed? Not sure how the developers of Weblinks were able to work around it but they now have it fixed also.
We are using Links 2.5, Drupal 5.10 (or 5.17)

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dqd’s picture

dqd
Location London | N.Y.C | Paris | Hamburg | Berlin
commented
Status: Active » Closed (won't fix)

For any feature request please take a look on the link module versions for Drupal 6 and Drupal 7 with much more features and better server and web standart support since Drupal 5 is not supported no more officially.

The stop for Drupal 5 support: Since we have to catch up to get ready for the final Drupal 7 release and have to deal with many feature requests for the Drupal 6 and Drupal 7 version of the link field module, we sadly have to annouce the stop of Drupal 5 support. The files will stay for any individual use or customization, but any support in the issue queue and in the forums has expired from now on.

Sorry and thanks for understanding.