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Answer:
The GNU Java Compiler (gcj) project which contains its own internal timezone database files is affected. The resulting issue here
is binaries compiled with gcj and linked to the gcj runtime libraries will have incorrect timezone information.
Fix has been released. Here are the links to the errata:
For Red Hat Enterprise Linux 3 - http://rhn.redhat.com/errata/RHBA-2007-0080.html