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Posted 24 Feb 2001   For week ended September 03, 2000
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Sent on Mormon-News: 31Aug00

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  137.6624down 1.0054
CompanySymbolLDS ExecutiveClosing PriceChange
Black &DeckerBDKNolan D. Archbald, CEO41.0000down 0.5625
Caldera SystemsCALDRansom H. Love, CEO5.7500down 1.0000
Corvis CorporationCORVDavid Huber, CEO86.1875down 8.4375
1-800-ContactsCTACJonathan C. Coon, President &CEO34.8750up 5.1875
Dell ComputerDELLKevin B. Rollins, Vice Chairman38.6250down 0.1250
EarthShellERTHSimon K. Hodson, CEO2.3438down 0.3437
Franklin CoveyFCStephen R. Covey, Chairman6.8750down 1.0000
FonixFONXSteve Studdert, Chairman1.2031up 0.0937
First SecurityFSCOSpencer F. Eccles, Chairman &CEO15.5625no change
Hollywood EntertainmentHLYWMark J. Wattles, CEO7.3125down 0.5625
Host MarriottHMTRichard Marriott, Chairman10.8750down 0.0625
I-LinkILNKJohn Edwards, Chairman & CEO3.4688down 0.2187
IomegaIOMDavid J. Dunn, Chairman3.5625no change
Marriott InternationalMARJ.W. Marriott, Jr., Chairman39.4375up 0.6875
Micrel SemiconductorsMCRLRay Zinn, Chairman and CEO70.5000up 6.5625
Myriad GeneticsMYGNChristopher L. Wight, VP, General Counsel132.8125down 3.6875
Nationwide FinancialNFSDimon McFerson, Chairman37.0000down 0.1875
NovellNOVLStewart Nelson, COO11.0625up 1.1875
NetrixNTRXLynn Chapman, President &CEO7.1875up 0.3750
NuSkinNUSMost of Management is LDS, including Chairman and CEO6.6250up 0.2500
Ryder SystemsRTony Burns, CEO19.8750down 1.4375
Ten FoldTENFGary Kennedy, President and CEO7.0000down 0.9062
Zions BancorpZIONHarris Simmons, Chairman42.7500down 0.6875


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