Yes - and it will tell you that the services required for the server to operate correctly are running. While it can be configured for many servers it will monitor one at a time. You can jump from server to server in the tool to monitor each one. The WMI free tool is great used in conjunction with Toolset 10 which will monitor the status of multiple devices. The Toolset has a 21 day eval and then you can buy or use it in freeware mode.
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