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Posted 24 Feb 2001   For week ended August 20, 2000
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Sent on Mormon-News: 17Aug00

Summarized by Kent Larsen

Corvis Gyrations Continue, Push Mormon Stock Index Down in Up Market

NEW YORK, NEW YORK -- The inexplicable stock price of recent IPO Corvis is still driving the Mormon Stock Index, pushing the overall index down 1% while the overall US markets rose slightly. Corvis dropped nearly 20% for the week, giving back nearly all last week's rise. Experts still can't explain the company's overall market valuation, except for the overall interest in Fiber Optic stocks.

Language software firm Fonix again rose strongly this past week, up nearly 11% as the firm reported positive results for its second quarter. Also up was Netrix, up 18%, gaining back most of its loss the previous week. Online service firm I-Link was down 14%, also reversing its move the previous week. Also off was Linux firm Caldera Systems, down 11% as investors re-evaluated the company's competitive situation.

Mormon Stock Index  138.3849down 1.4344
CompanySymbolLDS ExecutiveClosing PriceChange
Black &DeckerBDKNolan D. Archbald, CEO39.5000up 3.5000
Caldera SystemsCALDRansom H. Love, CEO6.8750down 0.8750
Corvis CorporationCORVDavid Huber, CEO86.5000down 21.5625
1-800-ContactsCTACJonathan C. Coon, President &CEO25.0000down 1.0625
Dell ComputerDELLKevin B. Rollins, Vice Chairman37.6875down 3.6875
EarthShellERTHSimon K. Hodson, CEO2.9375up 0.1250
Franklin CoveyFCStephen R. Covey, Chairman8.0000down 0.0625
FonixFONXSteve Studdert, Chairman1.2656up 0.1250
First SecurityFSCOSpencer F. Eccles, Chairman &CEO15.6875up 0.2500
Hollywood EntertainmentHLYWMark J. Wattles, CEO8.0625up 0.0625
Host MarriottHMTRichard Marriott, Chairman11.3125down 0.3125
I-LinkILNKJohn Edwards, Chairman & CEO3.7500down 0.6250
IomegaIOMDavid J. Dunn, Chairman3.4375down 0.0625
Marriott InternationalMARJ.W. Marriott, Jr., Chairman41.3750up 0.1875
Micrel SemiconductorsMCRLRay Zinn, Chairman and CEO52.0000up 4.6875
Myriad GeneticsMYGNChristopher L. Wight, VP, General Counsel145.2500down 8.5000
Nationwide FinancialNFSDimon McFerson, Chairman37.6875up 0.2500
NovellNOVLStewart Nelson, COO9.1875up 0.0313
NetrixNTRXLynn Chapman, President &CEO7.3750up 1.1250
NuSkinNUSMost of Management is LDS, including Chairman and CEO6.6250down 0.3125
Ryder SystemsRTony Burns, CEO21.6875up 0.5625
Ten FoldTENFGary Kennedy, President and CEO8.5000up 0.5000
Zions BancorpZIONHarris Simmons, Chairman45.0938down 1.3437


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