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I Have a Mystery Item on Startup-Anyone Know What "fsm" Might Be?

I just got this little application which provides more control and whether you can enable/disable items at startup. Running it for the first time, I am finding an item called "FSM" which has no information on it.

My PC is an HP e9150t quad core desktop using an Intel i7 CPU (920@2.67 GHz). I have 8 GB of RAM and am running Windows 7 Home Premium-64-Bit. It was purchased new from HP, in July 2009. The Microsoft products I am running include the 2007 versions of Outlook, Word, and Excel.

Since it doesn't sound familiar, I thought I would ask you experts if you have any idea what that might be. Thanks for your help.
fsm.png
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that FSM is "fast search marks" - part of how your FBackup software indexes files
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I do have FBackup software. So if this is necessary for FBackup software to run properly, I don't have a problem with that. Also, this is the full path...
FSM-path.png
that screenshot is the path to where the setting is in the registry.  if it pointed to a real file, it would be something like
c:\programfiles\thisorthat\somefolder\somefile.exe

since it's blank, there's nothing actually executing
So would you recommend that I delete it or leave it alone? And if I delete it, will it have any impact on FBackup ?
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That process isn't doing anything, there is no file executing.  If it was filled out all the way, it would help your backups finish faster.

Having that entry doesn't help or hurt since it's not actually doing anything

I do have scheduled backups.

So I guess I'll leave it.

Thanks.
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Thanks. I guess I will delete it now.