Today a customer called about a problem with the Exchange VM. For some reason the ESX Host where this VM resided was always swapping/ballooning. They checked and double checked the settings but could not find the problem. After a quick scan I noticed that there were limits set on memory for each VM. This particular VM had 1536MB of memory and a limit of 1024MB. After changing the setting back to it’s default setting, “unlimited”, the message was gone. I haven’t got a clue why this setup this way, limitting the memory to the exact amount assigned to a VM… weird, but problem solved.