Error: "QMSExec.exe - Unable To Locate Component : This application has failed to start because O (4211747)

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Error: "QMSExec.exe - Unable To Locate Component : This application has failed to start because O
Description

You recieve the following error in the Application event log on the Messagestats server.
Event Type: Information
Event Source: Application Popup
Event Category: None
Event ID: 26
Date:  5/18/2010
Time:  6:01:55 AM
User:  N/A
Computer: EXCHSTATS01
Description:
Application popup: QMSExec.exe - Unable To Locate Component : This application has failed to start because OLMAPI32.dll was not found. Re-installing the application may fix this problem.
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For more information, see Help and Support Center at http://go.microsoft.com/fwlink/events.asp.
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Cause

Outlook 2007 is installed on the Messagestats server.
Resolution

Outlook is not supported on the Messagestats server.
Please uninstall Outlook 2007 from the server and install the latest version of Mapi CDO 1.2.1 from Microsoft.

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