Is the snmp.exe process a virus, spyware or malware?

Process description:

Microsoft SNMP Agent

Author: Microsoft
Part of: Windows
The snmp.exe process is a protocol for remote administration of a computer across a network.

If you do not require remote administration of your computer, this process should be disabled.
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Common location(s):
C:\WINDOWS\system32
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What is this snmp.exe process and what does it do?
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Anyone have ANY info?
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