This is a well known component of a Spyware program called SpyAxe.exe
My steps are as follows:
Download : Ad-Aware SE Personal 1.06 and run a full system scan
Download : Webroot Spy Sweeper 4.5 and run another FSS
Download : Trial of McAfee Security Suite and run full virus and spyware scan
Download: Hijackthis and do a scan and post your log on here.
Download: ZoneAlarm Security Suite and run scan and keep the blocker running
Download: Webroot Desktop Firewall and keep running
Remove: Any unnecesary programs in Add/Remove on WinXP
Remove: Any unnecesary running programs using CTRL+ALT+DEL
If there are any other symptoms after this please come back
Thanks,
Michael