I did not find .ecliplse under (%HOMEDRIVE%%HOMEPATH%.
But what did was, changed values from 256 to 512 in TeradataStudioExpress.ini file and it worked, I was able to successfully launch Teradata Studio Express.
-vmargs
-Dosgi.requiredJavaVersion=1.6
-Xms512m
-Xmx512m
-XX:MaxPermSize=512m
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