These are the steps that I took:
1. Run in command prompt as Administrator:
stsadm -o backup url http://server1:8345 -filename "C:\Temp\backup8345.bak"
2. Go to Central Administration -> Application Management -> under SharePoint Web Application Management -> click Create or Extend Web Application
3. Run in command prompt as Administrator:
stsadm -o restore -url http://server1:9291 -filename "C:\Temp\backup 8345.bak"
Reference:
http://rehmangul.wordpress.com/2009/04/18/sharepoint-site-backup-and-restore/
Result: When opened the website in http://server1:9291 .
401 UNAUTHORIZED









