As stated in the RFC this is the seconds since 1900-01-01T00:00:00. For Java convert it to a Long,change the base date to 1970-01-01T00:00:00, and multiply by 1000 to get the date. Then you can create a new Date using this value.
Wrap your socket input stream to a DataInputStream and read an into rfsOffset (I used a constant). Then you can do something like:
int rfcOffset = -752253627; // Fri Apr 06 11:00:32 EDT 2012
// Current offsets will be negative convert to long positive value
long offsetSecs = rfcOffset + 4294967296L;
System.out.println(offsetSecs);
// Adjust time base from 1900 to 1970 and convert to millis
long offsetMillis = ( offsetSecs - 2208988800L)* 1000L;
System.out.println(offsetMillis);
Date rfcDate = new Date(offsetMillis);
System.out.println(rfcDate.toString());
Note: this only works until 2036 and time will be off by some number of milliseconds.
EDIT: RFC 868 is an old protocol and is no longer considered a good time source for synchronization. A good time source will us NTP and will return the correct second. It may be off a few milliseconds, but is normally accurate withing 10 milliseconds. Many hardware clocks drift significantly, and I have seen significant drift from systems with inaccurate clocks (even with NTP running(). NTP will correct a drifting clock, but needs a few minutes to determine the required shift.
EDIT2: While RFC 868 is old, it may be good enough to set the time on a cell phone to the nearest second without requiring a background process. This shouldn't be necessary if your cell phone can sync to a signal sent by your provider.