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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended August 20, 2000
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Business News

  Does LDS Businessman David Huber Have a Success Secret?
Normally, people would scoff at the idea that a company with no revenues, but boasting a secret product, would be valued at $37 billion shortly after going public. But David Huber, founder and CEO of Corvis, has has made Wall Street investors rich in the past, and they expect him to do it once again. The LDS businessman has inspired confidence in investors that his company's secret optical networking product will be irresistible.

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

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