I have Tortoise SVN installed and am using it in Windows Explorer. A colleague has updated some files I assume because I had a exclamation point on some folders. I did a update to get the latest version but I still see a red exclamation point.
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A Red exclamation mark tells you that you have modified these files in your working copy, so to get rid of the exclamation marks, you have to either commit the files (update the version in the repository with your modified version) or revert them (throwing away your changes).