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Dain Rauscher Wessels Announces Investment Opinion On Quest Software Inc.

Business Editors & Technology Writers

NOTE TO EDITORS: The following is an investment opinion issued

by Dain Rauscher Wessels

MINNEAPOLIS--(BUSINESS WIRE)--July 10, 2001

Dain Rauscher Wessels Initiates Coverage of Quest Software Inc.

With a Buy Rating

Dain Rauscher Wessels equity analyst Sarah Mattson today initiated coverage of Quest Software Inc. (NASDAQ:QSFT), $32.25, with a Buy-Aggressive Risk rating. She has a 12-month price target of $45.

According to Mattson, Quest's strengths include significant technologic differentiation in the Oracle optimization market, a well-executed acquisition strategy, a loyal customer base, and a rapidly growing direct selling effort that targets an enormous and under-penetrated market opportunity.

"While the economic climate remains murky at best, we believe that Quest is among the best-positioned companies in their market and continues to out-execute most competitors," Mattson said.

Quest Software provides a comprehensive suite of software products for database optimization, performance monitoring and information management.

Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Mattson's research report should call (612) 371-2239.

The Dain Rauscher Wessels division includes equity research, equity trading, institutional equity sales and corporate finance. The division's 45 analysts focus on five industries: consumer, energy, financial services, health care and technology. Currently, the analysts follow nearly 500 companies. The division, which employs 450 people, has offices in Atlanta; Austin, Texas; Boston; Chicago; Dallas; Houston; Memphis, Tenn.; Menlo Park, Calif.; Minneapolis; New York City; Paris; San Francisco; Seattle; and Tel Aviv, Israel(a).

Dain Rauscher Corporation, a wholly owned subsidiary of Royal Bank of Canada (NYSE:RY), is one of the nation's largest full-service securities firms with 1,130 investment executives and 4,090 employees. The company's broker-dealer, Dain Rauscher Incorporated, serves individual investors and small business owners through offices located predominantly in the western half of the United States, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St., in Minneapolis.

Dain Rauscher Incorporated makes a market in Quest Software Inc. and may act as a principal with regard to the sales or purchases of this security.

Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI, its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

(a) Strategic alliance with Tamir Fishman & Co.
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Publication:Business Wire
Date:Jul 10, 2001
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