Exploit:JS/Blacole.CE and Exploit:Java/Blacole.DW

Yesterday MSE detected this type of exploit and this morning it had detected two of them now. All have been removed and my computer is safe, but since there are no entries in the Microsoft online database, I want to know what excactly do these viruses do?

I'm not really worried as long as they aren't keyloggers or trojans. They're ranked "Severe" by MSE and I think I just have Java installed itself. I don't know excactly what Java version I have, but I don't want to have to remove it because I find it rather important.
 

My Computer

System One

  • Manufacturer/Model
    Dell Inspiron 530
    Monitor(s) Displays
    Acer
    Screen Resolution
    1920x1080
    Keyboard
    Dell/Logitech
    Mouse
    Dell USB Mouse, Logitech Wireless Mouse or Windows Optical
    Other Info
    Thank you for everything you've done for me in the past years. I'm sorry that games require much more than you're capable of, but you'll never be forgotten as my first personal computer <3

My Computer

System One

  • Manufacturer/Model
    Dell XPS420
    Memory
    6 gig
    Graphics Card(s)
    ATI Radeon HD3650 256 MB
    Sound Card
    Intergrated 7.1 Channel Audio
    Monitor(s) Displays
    Dell SP2009W 20 inch Flat Panel w Webcam
    Hard Drives
    640 gb
    Cooling
    Fan
    Keyboard
    Dell USB
    Mouse
    Dell USB 4 button optical
    Other Info
    DSL provided by ATT
They've already been removed, it's fine.

But I still need to completely reinstall Java. Is it even safe?
 

My Computer

System One

  • Manufacturer/Model
    Dell Inspiron 530
    Monitor(s) Displays
    Acer
    Screen Resolution
    1920x1080
    Keyboard
    Dell/Logitech
    Mouse
    Dell USB Mouse, Logitech Wireless Mouse or Windows Optical
    Other Info
    Thank you for everything you've done for me in the past years. I'm sorry that games require much more than you're capable of, but you'll never be forgotten as my first personal computer <3
Java has always been a source of potential problems.
The security people have said that rootkits are rather dangerous and you can never be sure that they are completely removed. I am not suggesting that your reinstall, I merely present the facts as I know them and leave the final decision to you.
 

My Computer

System One

  • Manufacturer/Model
    Dell XPS420
    Memory
    6 gig
    Graphics Card(s)
    ATI Radeon HD3650 256 MB
    Sound Card
    Intergrated 7.1 Channel Audio
    Monitor(s) Displays
    Dell SP2009W 20 inch Flat Panel w Webcam
    Hard Drives
    640 gb
    Cooling
    Fan
    Keyboard
    Dell USB
    Mouse
    Dell USB 4 button optical
    Other Info
    DSL provided by ATT
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