Updated from 8:49 a.m. EDT.
was up 6.5% in midmorning trading after it announced a deal with
to combine technologies.
The companies said BEA's WebLogic software will be embedded in PeopleSoft's business software package. The move continues a long-standing relationship between the two companies.
This morning, ABN Amro came out with a report saying it saw downside risk for much of the software sector, but said the current weakness in the share price makes the stock attractive for long-term investors.