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PeopleSoft (PSFT) was up 16.4% in preopen Island trading, as Credit Suisse First Boston raised its rating on the stock to buy from hold and Goldman Sachs added it to its recommended list.

After the close, the e-business software company posted first-quarter operating earnings of 11 cents per share, beating the

Thomson Financial/First Call

estimate of 9 cents and up from 4 cents a year ago. PeopleSoft said its sales climbed 34%.