Summarized by Kent Larsen

Mormon Stock Index Down Again in Up Market

NEW YORK, NEW YORK -- A strong upturn by network software firm Novell offset dowturns by other stocks to keep a drop in the Mormon Stock Index to a modest 1.00 points or 0.7%. Caldera, EarthShell, Franklin Covey and Ten Fold all moved down more than 10% last week for a variety of reasons while the NASDAQ composite rose 2.86%

But the news wasn't all bad. Contacts distributor 1-800-CONTACTS' stock rose nearly 17.5% for the week, following better than expected earnings. The firm's Internet sales have tripled over last year's sales. Also up was chip maker Micrel Semiconductor, which is still benefiting from a strong earnings report. Because of the diversity of its products, one analyst gave the firm a strong recommendation, in contrast to the rest of the semiconductor market which that analyst said were about to go into a downturn.

Leading the down stocks, was Linux software firm Caldera, off 14.8%. Its recent earnings report showed a net loss and only a 9% sales increase. While the stock prices of other Linux firms, such as Red Hat, have bottomed out in recent months, Caldera is still dropping, and analysts have kept their recommendation for the stock at a cautious "hold."

EarthShell, maker of environmentally preferable food packaging, also dropped 12.8%, after it reported a net loss for the second quarter, while management claimed that the loss was inline with expectations. This week the company was awarded the first Green Seal certification for disposible foodservice packaging.

Also down was Ten Fold, the maker of Internet e-commerce applications, who is underfire after rescheduling its announcement of its 2nd quarter results. The results have sparked at least four class action lawsuits by investors against the company covering the first eight months of the year. The lawsuits claim that the company's management made misleading statements, leading its stock to reach a high of $70 a share and allowing the company to sell 500,000 shares for $26.5 million. Subsequently the stock has dropped to $7 a share.

Mormon Stock Index			137.6624	down 1.0054
Company	Symbol	LDS Executive	Closing Price	Change
Black &Decker	BDK	Nolan D. Archbald, CEO	41.0000	down 0.5625
Caldera Systems	CALD	Ransom H. Love, CEO	5.7500	down 1.0000
Corvis Corporation	CORV	David Huber, CEO	86.1875	down 8.4375
1-800-Contacts	CTAC	Jonathan C. Coon, President &CEO	34.8750	up 5.1875
Dell Computer	DELL	Kevin B. Rollins, Vice Chairman	38.6250	down 0.1250
EarthShell	ERTH	Simon K. Hodson, CEO	2.3438	down 0.3437
Franklin Covey	FC	Stephen R. Covey, Chairman	6.8750	down 1.0000
Fonix	FONX	Steve Studdert, Chairman	1.2031	up 0.0937
First Security	FSCO	Spencer F. Eccles, Chairman &CEO	15.5625	no change
Hollywood Entertainment	HLYW	Mark J. Wattles, CEO	7.3125	down 0.5625
Host Marriott	HMT	Richard Marriott, Chairman	10.8750	down 0.0625
I-Link	ILNK	John Edwards, Chairman & CEO	3.4688	down 0.2187
Iomega	IOM	David J. Dunn, Chairman	3.5625	no change
Marriott International	MAR	J.W. Marriott, Jr., Chairman	39.4375	up 0.6875
Micrel Semiconductors	MCRL	Ray Zinn, Chairman and CEO	70.5000	up 6.5625
Myriad Genetics	MYGN	Christopher L. Wight, VP, General Counsel	132.8125	down 3.6875
Nationwide Financial	NFS	Dimon McFerson, Chairman	37.0000	down 0.1875
Novell	NOVL	Stewart Nelson, COO	11.0625	up 1.1875
Netrix	NTRX	Lynn Chapman, President &CEO	7.1875	up 0.3750
NuSkin	NUS	Most of Management is LDS, including Chairman and CEO	6.6250	up 0.2500
Ryder Systems	R	Tony Burns, CEO	19.8750	down 1.4375
Ten Fold	TENF	Gary Kennedy, President and CEO	7.0000	down 0.9062
Zions Bancorp	ZION	Harris Simmons, Chairman	42.7500	down 0.6875

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