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This should be the method of choice when you need to resize/rescue partitions, access NTFS filesystems or work with USB storage devices.
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Even if you do have a floppy drive, it is still much much faster to run your diagnostic tools from the CDROM drive, rather than wait for the tool to load from the floppy drive. Free yourself from the slow loading speed of the floppy drive.More and more PCs are shipped without floppy drives these days, and it is such a royal pain when you need to run diagnostic tools on them.
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Please note that some of the freeware on UBCD explicitly prohibits redistribution for commercial purposes eg. The least you could do is to make as many copies of the offical UBCD and pass it to your friends, relatives, colleagues or even complete strangers to minimize the per unit cost of your loss! If you had somehow paid a ridiculous amount of money for it, you have most likely been fleeced.
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Ultimate Boot CD is completely free for the download, or could be obtained for a small fee.
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