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Dain Rauscher Wessels Report Addresses Trends Impacting Application Development as Well as High-Growth Opportunities in Development Software.

Business Editors & Technology Writers

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

"The evolution of Web services potentially will have the largest impact on the application development software arena and will prove to be a catalyst in just about every category of development software," said Sarah Mattson, equity analyst at Dain Rauscher Wessels.

In the recent report "Weaving the Web: Trends in Emerging Web Services and Development Tools Software," Mattson discusses trends affecting application development and high-growth opportunities in development software. She also addresses various segments that stand to benefit from this growing industry, including markets for development tools and services associated with emerging trends, such as components, Web services and outsourcing (which combined could reach $11 billion by 2004).

In the 75-page report, Mattson explains five trends that she believes are driving the demand for integrated development suites and advanced technologies. Those trends include:
-- The use and reuse of components for development;

-- The evolution of Web services;

-- The increased necessity of testing applications more often and earlier in
the development cycle;

-- The convergence of performance management and testing; and

-- The hosted development and monitoring by third parties.


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.

Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, 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.

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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