ARIBA INC (ARBA, 299.68)- The B2B e-commerce software maker announced a 2 for 1 stock split.  The shares jumped 15.32 to 315 in after hours trading on the news.

BUDGET GROUP INC (BD, 5.75)- The provider of auto and truck rental services beat estimates by nine cents as it reported a narrower than expected fourth quarter loss of 37 cents per share, excluding charges.  Revenues in the quarter increased 13.5% to $547 million.  The company said it sees 5%-6% volume growth in 2000, but warned that slower than expected progress in its ongoing restructuring efforts may limit full year 2000 earnings to 50 cents per share.  Analysts were expecting the company to earn 97 cents. 

FOAMEX INTERNATIONAL (FMXI, 9)- The foam maker earned 17 cents per share in the fourth quarter, compared to last year's loss of $3.50.  Revenues rose 4.6% to $317.2 million in the quarter.  The shares rose 1.75 in after hours trading on the news.

HOLLYWOOD ENTERTAINMENT (HLYW, 10.13)- The video store operator met expectations as fourth quarter earnings rose 24% to 31 cents per share.  Revenues rose 26% to $296.5 million in the quarter, and same store sales rose 4%.  Revenues at the company's Reel.com online unit rose 107% sequentially to $18.6 million.

LITRONIC INC (LTNX, 21.75)- The provider of data security services warned that it will report a wider than expected fourth quarter loss of $0.25-$0.30 per share.  Analysts were looking for a loss of 18 cents.  The company sees revenues of $11-$12 million in the quarter.

PETSMART (PETM, 3.43)- The pet store retailer missed estimates by a penny as fourth quarter earnings rose 20% to 18 cents per share.  Revenues fell 2% to $570 million in the quarter.  Same store sales rose 4% in the quarter. 

SHARED MEDICAL SYSTEMS (SMS, 38.25)- Eclipsys Corp (ECLP, 28.63) has made a $2 billion cash and stock offer for the health care information systems provider.  The deal values SMS at $66.50 per share.

TRUE NORTH COMMUNICATIONS (TNO, 36)- The advertising agency beat estimates by four cents as fourth quarter earnings rose to 85 cents per share from last year's loss of 16 cents.  Revenues increased 19% to $423.6 million in the quarter, and operating margins rose to 17.1% from 15.7%.

ABGENIX INC (ABGX, 350)- The biotech announced a 2 for 1 stock split.

AETNA INC (AET, 53)- The insurer has received a joint $70 per share, $10.2 billion takeover offer from ING Groep NV (ING, 51.81) and Wellpoint Health Networks (WLP, 62). Under the terms of the offer Aetna shareholders would receive $44 per share in cash and $26 per share in Wellpoint stock.

FOCUS ENHANCEMENTS (FCSE, 7)- The maker of PC-to-TV video products has formed a committee to conduct a financial review of its results after an independent auditor raised questions.  The company believes the review will result in a  loss of six cents for 1999. 

NET2PHONE INC (NTOP, 56.13)- The Internet telephony provider beat estimates by a penny as its second quarter loss widened to 17 cents per share from last year's loss of three cents.  Revenues in the quarter increased to $15.5 million from last year's $7.5 million.  Gross margins fell to 46% from the prior  year's 48%.

PALM INC (PALM, -)- The 3COM (COMS, 104.13) spinoff priced 23 million shares at $38, $6 above the expected offering range of $30-$32.  The company raised $874 million in the offering.  The shares begin trading on NASDAQ today.

RADIANT SYSTEMS (RADS, 55.25)- The company formed a partnership with Microsoft (MSFT, 90.81) to develop business-to-business e-marketplaces.  Microsoft will take an equity stake in Radiant.  RADS jumped 27 in after hours trading on the news.

UNILEVER (UL, 46.63)- The Anglo-Dutch consumer products maker will acquire Honduran detergent maker Grupo Cressida for $314 million in an all-cash deal.

ART TECHNOLOGY GROUP (ARTG, 144.50)- The maker of e-commerce software announced a 2 for 1 stock split.

AUTOZONE INC (AZO, 24.56)- The auto parts retailer met expectations as second quarter earnings rose 17% to 28 cents per share.  Revenues increased 8% to $924 million in the quarter, and same store sales rose 4%.  The company also said it will increase its stock buyback program by $200 million, bringing the total authorized buyback to $1 billion.

GALILEO TECHNOLOGY (GALT, 19.19)- The chipmaker warned that first quarter revenues and earnings will fall short of expectations.  The company now expects revenues to fall 15%-20% sequentially from the fourth quarter to $19.5-$21 million, and sees earnings coming below the current consensus analyst estimate of 16 cents per share.  The company attributed the shortfall to high customer inventory levels and a component shortage.

MIRAGE RESORTS (MIR, 15.75)- The casino operator said its board of directors voted to reject a $17 per share, $3.4 billion, offer from rival MGM Grand (MGG, 19.88).

AMDOCS LIMITED (DOX, 66)- The provider of customer care solutions has agreed to acquire billing software maker Solect Technology Group for 15.5 million shares in a $1 billion all-stock deal.  The company expects the deal to be accretive to fiscal 2000 cash earnings.

CABLE & WIRELESS HKT (HKT, 35.63)- The Hong Kong telecom operator has agreed to be acquired by Internet company Pacific Century CyberWorks Ltd in a $35.9 billion cash and stock deal.

FIRST TENNESSEE NATIONAL (FTN, 23.5)- The bank holding company warned that first quarter earnings will fall short of expectations due to pricing pressures in its mortgage banking business caused by rising interest rates.  The company now sees earnings of $0.28-$0.31 per share in the quarter.  Analysts were looking for 43 cents.

IRON MOUNTAIN INC (IRM, 29)- The provider of record management services beat estimates by a penny as its fourth quarter loss narrowed to one cent from last year's loss of five cents.  Revenues increased 38% to $141.5 million in the quarter. 

LYCOS INC (LCOS, 58.25)- The company said it will offer free dial-up Internet access to its users through a partnership with CMGI controlled 1stUp.com

METATEC INTERNATIONAL (META, 7)- The optical disc maker reported a fourth quarter loss of 25 cents per share, compared to last year's profit of three cents.  Revenues in the quarter fell to $31.6 million from last year's $33.1 million.

NEFF CORP (NFF, 8.94)- The provider of construction equipment rental services has received a $9 per share bid from an unidentified management led investment group.

SAFEGUARD SCIENTIFICS (SFE, 145)- The technology incubator announced a 3 for 1 stock split.

SFX ENTERTAINMENT INC (SFX, 38)- The live entertainment promoter and venue operator has agreed to be acquired by radio and TV station operator Clear Channel Communications (CCU, 75.19) in a $4.4 billion deal.  Under the terms of the agreement, SFX shareholders will receive 0.6 shares of CCU for each SFX share held, valuing SFX at $45 per share.

3COM CORP (COMS, 79.06)- The expected offering price of the company's Palm unit was upped to $30-$32 per share from $14-$16.  3Com shares jumped 6 in after hours trading on the news.

ABBOTT LABS (ABT, 32.06)- The drug maker was the subject of a favorable story in this weekend's Barron's.

COCA COLA BOTTLING (COKE, 50.28)- The soft drink bottler reported lower than expected full year 1999 earnings.  The company said its full year earnings fell to 55 cents per share, excluding charges, from last year's $1.78.  Analysts were looking for the company to earn $2.15.  The company attributed the shortfall to slower than expected volume growth.  Revenues rose 4.7% to $972.5 million.

COLUMBIA ENERGY GROUP (CG, 57.06)- The natural gas pipeline operator has reportedly agreed to be acquired by NiSource (NI, 15.56) for $70 per share in an $8.5 billion deal.

JONES APPAREL GROUP (JNY, 21.5)- The apparel maker was the subject of a favorable article in this weekend's Barron's.  The shares were called undervalued.

LG&E ENERGY CORP (LGE, 15.75)- The electric utility has agreed to be acquired by PowerGen Plc  (PWG, 28.5) for  $24.85 per share in a $5.4 billion deal.