Quest Software (QSFT +1.4%) rises to $23.40 on a down day, as speculators bet a tech company...

|About: Quest Software, Inc. (QSFT)|By:, SA News Editor

Quest Software (QSFT +1.4%) rises to $23.40 on a down day, as speculators bet a tech company will trump Insight Venture Partners' $23/share bid. Last week, shareholders filed suit against Quest, accusing CEO Vinny Smith of quickly agreeing to a buyout in order to avoid an SEC investigation into Quest's accounting. Quest defends itself through a proxy filing that details the events leading to its LBO deal.