<textarea name="t1" rows="20" style="width:1024px;">
var a = "sshahhshashhsh\";saaasss1";
var b ="sshahhshashhsh\\\"saaasss2";
</textarea>
<SCRIPT LANGUAGE="JavaScript">
<!--
var str = document.all.t1.value;
alert(str.replace(/(=\s*\")(.*?)(\";\r\n)/ig,"$1<font color=red>$2</font>$3"))
//-->
</SCRIPT>