This is a feedback for Intel x86 Atom System Image for Android 4.0.3 (API 15) package:
There is a problem with a Time Zone(s) offset relative to GMT. For example, it has to be 'GMT-7' for
Mountain Time (US & Canada) instead of 'GMT-6'. Please take a look at:
Settings -> Date & time
Note:
Automatic date & time - unchecked
Automatic time zone - unchecked
A screenshot is enclosed:



