“SideBySide” errors on Event Viewer

Hello,
I am using Windows 7 x64 on an Acer 8943g laptop and I was browsing the Event Viewer. I noticed a stack of errors with same nature. These may be caused by some rarely used programs or apps on my machine. I have posted a snap shot of the error in Event Viewer with sample.
I noticed this errors before but didn't pay any attention to it, but now it's starting to get me worried. By the way, I found that the nature of one of the errors is to "get a detailed explanation from sxstrace.exe”. I found it from Start Menu and the command prompt window just disappeared after a short flash when I tried to open it. I don't know what to do with these errors.
Thank you in advance.
