PeopleSoft Bucks Downward Spiral

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."

Top Five Percent Gainers

Fair Isaac & Co. 59.50 82.6%

PeopleSoft Inc.. 40.71 64.1%

SunGard Data 24.41 42.8%

IMS Health Inc. 24.80 40.7%

ChoicePoint Inc. 40.59 39.6%

E Top Five Percent Losers

Brokat Tech.. 1.10 -96.4%

TenFold Corp. 1.10 -86.6%

Corillian Corp. 3.00 -72.7%

Sun Microsystems 16.76 -70.0%

INSpire Ins. Sol. 0.76 -67.6%