Yes, this is possible and to get better results, defrag the machine disks before the conversion.
Here is a blog post showing how to shrink disks using Converter: How to shrink a VMDK using VMware Converter - TechRepublic
Yes, this is possible and to get better results, defrag the machine disks before the conversion.
Here is a blog post showing how to shrink disks using Converter: How to shrink a VMDK using VMware Converter - TechRepublic