I just
finished going through the time sync problem, and here's the info I
used:
To
configure CentOS w/o X installed, you still need to install the vmware tools.
Edit the vmx file for your guest, tools.syncTime="TRUE". In grub.conf, add
clock=pmtmr as a kernel option. You'll need to shutdown the guest OS, reload the
vmx file, then restart the system.
If you
have X running, then you can use the vmware tools much like windows to configure
time sync with the host system.
HTH
Mark