This is a virus!
Just look at
this description .
Here's an examle from the site:
Reply:
hi
i just now discover the virus you are identifying here. its is maxxinf out my cpu to 100%. i think it has cloaked itself with an mIRC chat icon. the icon is popping up at variuos times especiall when booting. i first noticed it serveral months ago and did a full recovery of windows 2000 pro and thought i had gotten rid of
it. iam not sure that the mIRC icons is the same as ~2.exe but i found the icon in my files and folders the other day and tried to delete it ,only to watch it continually reappear and a participle was dicovered in the files and folders under url rotocol which was greyedout and could not be deleted. since trying to delete it i've noticed things really slowing down and i am about to wash the whole thing out and do a complete recovery. i looked into process in task manager and found the ~2.exe using 99% of my cpu. would be interested in learning anything that you all know about it.
Foo.exe seems to be harmless windows file. Just do a Goggle search when in doubt.
Regards
proxus