A day doesn't go by without a stock analyst bemoaning the crash of technology company stocks. And while such high-profile companies as Lucent Technologies and Motorola Corp. continue to bleed red ink, and cut thousands of employees, PeopleSoft is thriving.In July, the company reported second-quarter revenue of $533 million, the highest quarter in the company's history, and the fifth-consecutive record quarter. Net income rose 188%, to $46 million, compared with $16 million for the same period a year earlier.

The investment community reacted favorably to the earnings news as four securities firms-CIBC World Markets, Salomon Smith Barney, USB Piper Jaffray and Robinson Humphrey-upgraded the company's stock to "buy."

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