These are the files in /usr/bin
[root@xilinx bin]# ls -ld arm*
-rwxr-xr-x. 1 root root 691752 Feb 5 2013 arm-linux-gnu-addr2line
-rwxr-xr-x. 1 root root
The problem here, it seems, is that you installed the compiler toolchain for the target, but didn't install a standard library for the target. You need a standard C library compiled specifically for your target platform. Either find a pre-compiled from the same place you found the compiler toolchain, or download one and cross-compile using the target toolchain.
When you have a standard C library for the target, use the flag -I
(that's uppercase i) to tell the compiler where to find the header files, and the -L
flag to tell the linker where to find the libraries, and e.g. -lc
(that's the lower-case L) to tell the linker to link with the library. Something like
$ arm-linux-gnu-gcc -I/usr/local/target/include myinit.c -L/usr/local/target/lib -lc