This issue may occur when failed third-party applications did not add a dependency reference count on these DLLs at installation time.
Resolution
To resolve this issue:
Download the file 55513_VMware_vc71_redists_x86.zip attached to this KB and install VMware_vc71_redists_x86.exe contained within. Doing so will add a dependency reference count on the DLLs.
Install or reinstall VMware Tools on the machine
Note: Starting from version 10.3.0, VMware Tools no longer ships these Visual C++ run-time redistributables for Visual Studio 2003. If you still have applications depending on them, install VMware_vc71_redists_x86.exe prior to VMware Tools upgrade.