Comment 9 for bug 238805

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psl (slansky) wrote :

Important information is missing here. This Linux machine was running under VMware. Such configuration needs extra parameter to kernel to keep correct time.

More detail can be found here, for example.

http://communities.vmware.com/message/776326
http://support.ntp.org/bin/view/Support/VMWareNTP

VMware has a nice paper about this issue and solution too.
http://www.vmware.com/pdf/vmware_timekeeping.pdf