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If you still cannot launch the SEPM console after regenerating the log file, you may be able to perform administrative tasks temporarily by logging in to the host remotely.
Run the following command at the prompt: dbsrv11 -f "C:\Program Files\Symantec\Symantec Endpoint Protection Manager\db\sem5After the log file is regenerated, force-start the SEMP service using the tool.
Shrinking the database should not include the option to return file space back to the operating system unless there is a critical need for that space to be returned.
As noted on Page 50 of the "Veritas Enterprise Vault 12: SQL Best Practices Guide" (see the Related Articles section below): Shrinking the database file size can cause requests to grow the file sooner than would be needed for optimum performance.
The most recent report was posted in January of 2014.
The issue has been documented on both Windows 2003 and Windows 2008 servers.