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2. If, on the other hand, one uses [even light use] the VMs application then the temperature increase is temperature is large....for example, light use of Excel [small spreadsheet, not calculation intensive] and IE raised the temperature from 50 degrees to 73 degrees].
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IE is almost certainly the important part of this observation. It's easy to assume that it doesn't take much power to display web pages. But the problem is that many web pages have ads, and many ads are in Adobe Flash. A poorly-programmed Flash ad might do very little but still take a huge amount of CPU power.
I'm guessing this is what you're seeing. What you could do is switch from IE to Chrome. Chrome has a nice Task Manager which will tell you which web pages and plugins are using the most CPU power and memory. You can use this to figure out what's taking up all your CPU power. If it does turn out to be Flash, there are plugins available for all browsers that will allow you to selectively run/block Flash.