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Summarized by Kent Larsen
Mormon Stock Index Off Again as Broader Market Falls
NEW YORK, NEW YORK -- As the overall stock market indexes fell
slightly again last week, the Mormon Stock Index also fell, dropping
1.4% to 128.01. But the small drop masked even more volatility than
last week, as Franklin Covey, 1-800 Contacts and Hollywood
Entertainment all rose more than 10% and I-Link, Micrel Semiconductor
and Ten Fold all lost more than 10%.
The most surprising of the down stocks was Micrel Semiconductor which
dropped more than 20%, giving back the gains of the previous week, as
investors re-evaluated the company's recent earnings reports.Troubled
Ten Fold continued its slide, dropping an additional 13.6%, after 35%
last week, as investors struggled with the uncertainty around its
postponing of its second quarter earnings report and announced a loss
in place of an expected gain. One analyst downgraded Ten Fold to
sell. I-Link also dropped, by 11.6%.
Franklin Covey, meanwhile, lead the index, jumping 16.7% on light
volume. 1-800 Contacts also rose strongly, by 13.8%, continuing the
interest from investors following its report of record second quarter
sales and earnings. The company reports that 40% of its sales now
come from its Internet site. Hollywood Entertainment also increased
strongly, rising 11.7% as its stock continued to recover after the
company stopped further investment in Reel.com, the Internet movie
site it purchased less than two years ago.
| Company | Symbol | LDS Executive | Closing Price | Change |
| Albertsons | ABS | Richard L. King, President &COO | 31.3125 | down 0.8750 |
| Black &Decker | BDK | Nolan D. Archbald, CEO | 38.8750 | down 0.9375 |
| Caldera Systems | CALD | Ransom H. Love, CEO | 8.3750 | down 0.7500 |
| 1-800-Contacts | CTAC | Jonathan C. Coon, President &CEO | 57.7500 | up 7.0000 |
| Dell Computer | DELL | Kevin B. Rollins, Vice Chairman | 52.3750 | down 0.6875 |
| Franklin Covey | FC | Stephen R. Covey, Chairman | 7.8750 | up 1.1250 |
| Fonix | FONX | Steve Studdert, Chairman | 1.0000 | down 0.0156 |
| First Security | FSCO | Spencer F. Eccles, Chairman &CEO | 14.7500 | down 0.3125 |
| Hollywood Entertainment | HLYW | Mark J. Wattles, CEO | 8.9375 | up 0.9375 |
| Host Marriott | HMT | Richard Marriott, Chairman | 10.3125 | up 0.3750 |
| I-Link | ILNK | John Edwards, Chairman & CEO | 4.5312 | down 0.5938 |
| Iomega | IOM | David J. Dunn, Chairman | 3.8750 | down 0.2500 |
| Marriott International | MAR | J.W. Marriott, Jr., Chairman | 41.3750 | up 1.1875 |
| Micrel Semiconductors | MCRL | Ray Zinn, Chairman and CEO | 43.9375 | down 12.5625 |
| Myriad Genetics | MYGN | Christopher L. Wight, VP, General Counsel | 151.8750 | up 6.0000 |
| Nationwide Financial | NFS | Dimon McFerson, Chairman | 35.1250 | down 0.8750 |
| Novell | NOVL | Stewart Nelson, COO | 10.3125 | up 0.5313 |
| Netrix | NTRX | Lynn Chapman, President &CEO | 9.7500 | down 0.4375 |
| NuSkin | NUS | Most of Management is LDS, including Chairman and CEO | 5.6875 | down 0.5625 |
| Ryder Systems | R | Tony Burns, CEO | 19.6875 | down 0.1250 |
| Ten Fold | TENF | Gary Kennedy, President and CEO | 9.5625 | down 1.5000 |
| Zions Bancorp | ZION | Harris Simmons, Chairman | 46.1875 | down 1.5625 |
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