Yes and NO.
If you are on *nix, you can recompile PHP as CGI with the following option:
--enable-pcntl
This allows you to use the process control functions for PHP.
Note: You CANNOT compile this feature into the HTTP Server version since this feature will spawn it's own daemon process.
Now go here and read up about all the lovely world of PCNTL in PHP:
http://www.php.net/manual/en/ref.pcntl.php