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What is the Windows Virtual Machine Manager?

What is the Windows Virtual Machine Manager in Windows 95/98?
Windows 95/98 doesn't have a true suite of services such as those in NT and Windows 2000. It uses a stack of VxDs, 32-bit device drivers that are all loaded and initialized in the memory space owned by the operating system. The Virtual Machine Manager (VMM32) manages these VxDs, permitting some of them to be dynamically loaded and unloaded and generally doing the housekeeping for the executive services.

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