Is there a command line option in Linux that would tell me the CPU
speed and how much RAM the server has?  Thank you.

Hello,

First of all, type
uname -a
that displays all info on your server (kernel, hostname and processor type)

free
displays memory usage and RAM
(free -m displays memory in Megabytes)

If you have any more questions, feel free to ask.
Greetings,
Cubist

Good answer

"cat /proc/cpuinfo" will provide a more detailed report of the type
and features of the processor, whereas "cat /proc/meminfo" will do the
same for the memory. To try it on your system type those commands
without the quotation marks.