D.A. Davidson & Co. Analysts Among ''Best On the Street''.

Business Editors

PORTLAND, Ore.--(BUSINESS WIRE)--June 29, 2001

D.A. Davidson & Co.'s research department has been ranked 36th out of over 200 firms surveyed in the Wall Street Journal's annual Best on the Street analyst ratings.

That means that the firm's research

John Rogers, CFA, Director of Research, received the No. 1 rating nationally for his stock picking in the machinery industry. Rogers also was ranked among the top five analysts for his earnings forecasting in machinery.

Bill Frerichs, Senior Research Analyst and Technology Team Leader, was among the top three analysts in stock picking for the software industry. That ranking is out of 51 analysts who qualified in that area.

"It is gratifying that the Wall Street Journal survey is validating our strategy of providing an independent research perspective and expertise on the industries driving our regional economy," said Douglas Woodcock, Director of Equity Capital Markets at D.A. Davidson & Co.

The largest security firm based in the greater Pacific Northwest, D.A. Davidson & Co. is a full-service investment banker/broker providing original and correspondent research to a system of retail and institutional brokers. The firm's Equity Capital Markets Group, based in Portland, Oregon, provides original regional research and corporate finance services to both retail and institutional clients across North America and in Europe. The research is supported by professional sales and trading, including market making.

Founded in 1935, D.A. Davidson & Co. has offices in six western states. D.A. Davidson & Co. is operated by the Davidson Companies, a financial services holding company based in Great Falls, Montana. Also part of Davidson Companies are Davidson Trust Co., a wealth management and trust operation; Davidson Investment Advisors, a professional money management firm; and Davidson Travel, a full-service travel agency.