Company Report: Quest Software, Rambus Score; Medarex Suffers

Quest Software(QSFT Quote) flew 51 3/4, or 36.1%, to 195 after it priced a 4.2 million-share secondary offering at $140 a share. Quest also set a 2-for-1 stock split.

But Quest wasn't the only stock to get a pop from a spilt. Rambus' (RMBS Quote) leaped 41 17/32, or 10.9%, to 421. after its board approved a 4-for-1 stock split. The two stocks took top honors as the Nasdaq's biggest gainers.

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A number of initial public offerings turned in mostly solid first-day performances, although OTG Software (OTGS Quote) left the other new kids in the dust, as it racked up a 195% gain. See table below for more IPO results. (Earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified. New highs and lows on a closing basis unless otherwise specified.)

Mergers, acquisitions and joint ventures

CoreComm Limited (COMM Quote), a provider of integrated telephone, Internet and data services to business and residential customers in targeted markets in the U.S., is acquiring ATX Telecommunications Services, a privately held company, for $900 million. CoreComm Limited advanced 6 11/16, or 16.2%, to 47 7/8.

Dime (DME Quote) said it sued North Fork Bank (NFB Quote) and FleetBoston (FBF Quote) on antitrust grounds , claiming the two interfered with Dime's deal with Hudson United (HU Quote)Dime edged up 1/8 to 15 3/16, as North Fork Bank slid 5/8 to 14 11/16. FleetBoston moved down 1/4 to 25 11/16, while Hudson United slid 3/4 to 19 5/16. ...