Third-quarter earnings, excluding certain costs, beat the average forecast from analysts surveyed by First Call PeopleSoft Inc added US$2.26 to US$26.56. The maker of human-resources and accounting software said third-quarter sales rose 15 percent, buoyed by new products. Profit fell because of an investment gain a year earlier.
Sycamore Networks Inc fell US$0.80 to US$4.04. The fiber-optic equipment manufacturer said it's cutting 240 jobs and reducing its fiscal first-quarter revenue expectations because of a spending drop in the telecommunications market.
Emulex Corp jumped US$4.60, or 23 percent, to US$24.65. The maker of data-storage networking equipment may see an increase in orders from Compaq Computer Corp and EMC, Dain Rauscher Wessels analyst Robert Montague said in a research note.
The Russell 2000 rose 4.64, or 1.1 percent, to 425.70. The Wilshire 5000 Total Market Index gained 53.25, or 0.5 percent, to 9,894.90.
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