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Posted 24 Feb 2001   For week ended July 09, 2000
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Sent on Mormon-News: 06Jul00

Summarized by Kent Larsen

Mormon News Introduces Stock Index
Kent Larsen 5Jul00 B2

NEW YORK, NEW YORK -- Mormon News introduces today a new feature, its index of publicly-traded stocks that have Mormon management. The index, which includes 18 stocks, is an attempt to see how well companies run by Mormon businessmen perform in the markets.

Like the major stock indexes, this Mormon stock index reflects changes to the share prices of all 18 stocks. The stocks are weighted in the index according to their market capitalization, so that stocks with more shares outstanding at higher prices influence the index more than those with lower valuations. The index is set so that at January 1, 2000 it was at 100.00.

Already since then the stocks included in the index have changed because of the IPO of one company, Caldera Systems, on March 21st. We also expect to add another stock later this month when LDS Church member David Huber's Corvis Corp. goes public. Another stock, First Security Corp., is involved in a merger and is expected to be dropped from the index when the merger is complete, and Nationwide Financial is expected to drop off the index at the end of the year, when Chairman Dimon McFerson retires.

As of June 30th, the index stands at 128.57, reflecting an increase of 28.57% since the beginning of the year. For the week, the index increased 4.29 or 3.45%, mainly because of increases in the stock prices of Black &Decker, 1-800-Contacts, Hollywood Entertainment, Myriad Genetics and Netrix. The increase of 14.55% at Hollywood Entertainment is due to the company's decision to shutter its subsidiary, which was a considerable drain on company resources.

In comparison to the national indexes, the Mormon Stock Index did well this week. Its increase of 3.45% beat all the major stock indexes, including the Dow Jones Industrial Average, the New York Stock Exchange index, the NASDAQ index, the S&P 500 and the Wilshire 5000.

Here is a list of the 18 stocks that make up the index. For each we have listed who its Mormon officer is and that person's title, as well as the stock's closing price, and change for the week:

Albertsons 33.2500, down 0.6875
Richard L. King, President &COO

Black &Decker 39.3125, up 3.0625
Nolan D. Archbald, CEO

Caldera Systems 13.0625, down 0.3125
Ransom H. Love, CEO

1-800-Contacts 47.0000, up 5.8750
Jonathan C. Coon, President &CEO

Dell Computer 49.3125, up 1.8750
Kevin B. Rollins, Vice Chairman

Franklin Covey 6.9531, down 0.3594
Stephen R. Covey, Chairman

Fonix 1.1250, down 0.0469
Steve Studdert, Chairman

First Security 13.5625, down 0.1875
Spencer F. Eccles, Chairman &CEO

Hollywood Entertainment 7.8750, up 1.0000
Mark J. Wattles, CEO

Host Marriott 9.3594, down 0.2656
Richard Marriott, Chairman

Iomega 4.0000, up 0.0625
David J. Dunn, Chairman

Marriott International 36.0625, up 0.8125
J.W. Marriott, Jr., Chairman

Myriad Genetics 148.0781, up 20.7031
Christopher L. Wight, VP, General Counsel

Nationwide Financial 32.8750, down 0.5625
Dimon McFerson, Chairman

Novell 9.2500, up 0.2500
Stewart Nelson, COO

Netrix 12.3125, up 3.0000
Lynn Chapman, President &CEO

Ryder Systems 18.9375, no change
Tony Burns, CEO

Zions Bancorp 45.8906, down 1.7969
Harris Simmons, Chairman


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