Stock Watch: PeopleSoft Climbs on IBM Alliance

PeopleSoft, Inc. (Nasdaq: PSFT) rose 2 15/16 to 29 1/8 Thursday after the Pleasanton, California-based company announced an alliance with IBM.

The companies will offer customer relationship management services over IBM’s DB2 Universal Database and S/390 server. The new services will be marketed to PeopleSoft and IBM S/390 customers.

“The alliance strengthens our combined vision of leading the e-business world with a pure Internet CRM solution that truly integrates the entire enterprise,” said PeopleSoft general manager Sam Gallucci.

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