VMware GSX 3 - Manual (Page 182)

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182
VMware GSX Server Administration Guide
on the original host computer, you must place them in that same location on
the new host computer.
• You cannot move the disk to another directory on the current system.
If your disk file information does not contain a path, it looks like this:
Windows 2000.vmdk
If your disk entry resembles the one above (just a filename with a .vmdk
extension), you can move the disk and redo log anywhere you wish.