Quest, RIM, SanDisk: Tech Premarket
This story has been updated with RIM's response.
NEW YORK (TheStreet) -- Quest Software (QSFT) climbed 5.42% to $27.64 in premarket trading Monday after announcing the receipt of a "superior proposal" to acquire the company for $27.50 a share.
The software maker was also the most active premarket Nasdaq stocks on share volume of 842,532.
Research In Motion (RIMM) was another big gainer, rising 2.69% to $10.12 after U.K. newspaper The Sunday Times reported that the embattled handset maker is considering splitting itself in two. The plan would involve separating the company's handset manufacturing from its messaging network, according to media reports, which cite The Sunday Times article.
RIM, which reports its first-quarter results after market close on Thursday, nixed the rumor of split. "RIM has hired advisers to help the Company examine ways to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives," explained a spokesman, in an email to TheStreet. "As [CEO] Thorsten [Heins] said on the Company's fourth-quarter earnings call, 'We believe the best way to drive value for our stakeholders is to execute on our plan to turn the company around.' This remains true." SanDisk (SNDK) also climbed in premarket trading on Monday, lifted by an upgrade from Goldman Sachs. Shares of the Flash storage specialist rose 1.49% to $36.90 on Monday after Goldman upgraded the company to buy, citing an attractive entry point for the stock. "We think the stock can move meaningfully higher through year end as we expect reduced supply growth to drive improved NAND industry fundamentals, which should lead to a gross margin recovery for SanDisk in the second half of 2012," explained Goldman analyst James Schneider, in a note. SanDisk, which specializes in NAND Flash storage products, closed up 1% during Friday trading. Facebook (FB) slipped 1.18% to $32.66 before market open on Monday. The social networker was also one of the most active premarket Nasdaq stocks on share volume of 358,280. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: tips@thestreet.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV