Multiple Programs – TIMEZONE.EXE
Timezone.exe is Microsoft's Daylight Saving Time Update Utility. This command-line tool that updates the daylight saving information for the current time zone in the registry. In some countries and regions, the start and end of daylight saving time are changed every year, and there is no fixed start or end date. TimeZone allows you to adjust the start and end of daylight saving time so that the computer's time setting is automatically updated on the correct dates. More info can be found at http://www.microsoft.com/resources/documentation/WindowsServ/2003/all/techref/en-us/Default.asp?url=/Resources/Documentation/windowsserv/2003/all/techref/en-us/timezone.asp.
A file called timezone.exe may also install with third party time-set utilities. One example is CoolTimeZone by CoolTick software. More info can be found at http://www.cooltick.com/timezone/.
Unfortunately, a file by this name also installs with the W32/Agobot-ADY virus. This virus spreads across weakly protected network. It places timezone.exe in your Windows\System or System32 folder. You may see it described as "MS Time". The virus may modify your Windows Hosts file making it difficult to get to antivirus or firewall related websites. It can also allow a remote user to access your computer. We'd recommend removing this file using WinPatrol. First, kill it under Active Tasks then remove it from your Startup Programs. If running WinPatrol 8.x or later, right click on the file then select "Delete file on reboot". Additional background information on this virus can be found at http://www.sophos.com/virusinfo/analyses/w32agobotady.html
Safe if not Virus