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Posted 24 Feb 2001   For week ended July 23, 2000
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Sent on Mormon-News: 22Jul00

Summarized by Kent Larsen

Mormon Stock Index Drops Slightly In Volatile Market
Kent Larsen 18Jul00 B4

NEW YORK, NEW YORK -- The performance of the stocks in the Mormon Stock Index varied widely in the week ended July 14th as 1-800 Contacts and Micrel Semiconductor jumped more than 10 and nearly 20% while Caldera Systems and Ten Fold dropped 19 and 35% amid the release of several company earnings reports. The index itself managed to stay relatively stable, dropping just 1/2 percent to 129.85, from 130.54.

Draper, Utah based Ten Fold led the down stocks, as well as the NASDAQ, with a shocking drop of 35% after the company announced it would post a loss for the 2nd quarter, instead of the expected profit. Officials of the e-business software firm blamed the loss on higher costs, project delays and a longer than expected sales cycle. Caldera Systems also suffered a large drop of nearly 20% due mainly to investor fears that the increasing competition in the Linux market would reduce its prospects.

Meanwhile, 1-800 Contacts reported record 2nd Quarter profits, leading its stock price to rise nearly 12% and the stock price of chip maker Micrel rose nearly 20% as it also reported a profitable quarter, remaining the only chip maker to report profits every quarter for the past two years. Analysts upgraded their recommendations for Micrel, leading its stock to jump.

CompanySymbolLDS ExecutiveClosing PriceChange
AlbertsonsABSRichard L. King, President &COO32.6875down 2.3125
Black &DeckerBDKNolan D. Archbald, CEO39.8125up 0.1875
Caldera SystemsCALDRansom H. Love, CEO9.1250down 2.1250
1-800-ContactsCTACJonathan C. Coon, President &CEO50.7500down 1.5625
Dell ComputerDELLKevin B. Rollins, Vice Chairman53.0625up 2.3750
Franklin CoveyFCStephen R. Covey, Chairman6.7500down 0.6250
FonixFONXSteve Studdert, Chairman1.0156down 0.0938
First SecurityFSCOSpencer F. Eccles, Chairman &CEO15.0625up 0.3125
Hollywood EntertainmentHLYWMark J. Wattles, CEO8.0000up 0.2500
Host MarriottHMTRichard Marriott, Chairman9.9375down 0.1250
I-LinkILNKJohn Edwards, Chairman & CEO5.1250down 0.0938
IomegaIOMDavid J. Dunn, Chairman4.1250up 0.1250
Marriott InternationalMARJ.W. Marriott, Jr., Chairman40.1875up 1.2500
Micrel SemiconductorsMCRLRay Zinn, Chairman and CEO56.5000up 9.3750
Myriad GeneticsMYGNChristopher L. Wight, VP, General Counsel145.8750down 4.7500
Nationwide FinancialNFSDimon McFerson, Chairman36.0000up 1.1875
NovellNOVLStewart Nelson, COO9.7812up 0.5624
NetrixNTRXLynn Chapman, President &CEO10.1875down 0.5625
NuSkinNUSMost of Management is LDS, including Chairman and CEO6.2500down 0.1250
Ryder SystemsRTony Burns, CEO19.8125up 0.8750
Ten FoldTENFGary Kennedy, President and CEO11.0625down 6.0000
Zions BancorpZIONHarris Simmons, Chairman47.7500up 0.3750


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