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Posted 24 Feb 2001   For week ended September 17, 2000
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Sent on Mormon-News: 12Sep00

Summarized by Kent Larsen

Mormon Stock Index off as Novell Announces Cuts

NEW YORK, NEW YORK -- Network software maker Novell, Inc. announced on Tuesday that it will lay off 16% of its workforce, leading investors to dump its stock, and helping to drop the Mormon Stock Indexx 3.23% for the shortened week. Other high-tech stocks in the index, including Caldera Systems, Corvis and Myriad Genetics were also off more than 10% as the broader stock market took a downturn and the high-tech-heavy Nasdaq dropped more than 6%.

While two-thirds of the stocks in the index were down, enhanced voice/data service provider I-Link jumped more than 30% for the week after it announced that Zurich-based IP firm Red Cube will purchase more than 50% of the company. Red Cube, which specializes in integrating next generation communication services, will purchase a stake in I-Link owned by Winter Harbor, L.L.C., a subsidiary of First Media Corp., an investment company controlled by LDS Church member Richard Marriott and his family.

Also up somewhat during the week was Hollywood Entertainment, which announced that its Hollywood Video stores expected a strong fall season, based on the quality of the films being released on video during the approaching quarter.

Mormon Stock Index  140.6325down 4.6949
CompanySymbolLDS ExecutiveClosing PriceChange
Black &DeckerBDKNolan D. Archbald, CEO37.8750down 1.5000
Caldera SystemsCALDRansom H. Love, CEO7.3125down 1.1875
Corvis CorporationCORVDavid Huber, CEO87.6250down 11.3750
1-800-ContactsCTACJonathan C. Coon, President &CEO44.0000up 0.0625
Dell ComputerDELLKevin B. Rollins, Vice Chairman38.8750down 4.1875
EarthShellERTHSimon K. Hodson, CEO1.9375down 0.0625
Franklin CoveyFCStephen R. Covey, Chairman6.8125up 0.2500
FonixFONXSteve Studdert, Chairman1.0156down 0.0469
First SecurityFSCOSpencer F. Eccles, Chairman &CEO15.8750up 0.8125
Hollywood EntertainmentHLYWMark J. Wattles, CEO7.1250up 0.5000
Host MarriottHMTRichard Marriott, Chairman10.8750up 0.1250
I-LinkILNKJohn Edwards, Chairman & CEO4.5000up 1.0625
IomegaIOMDavid J. Dunn, Chairman4.3750down 0.2500
Marriott InternationalMARJ.W. Marriott, Jr., Chairman38.6250down 0.4375
Micrel SemiconductorsMCRLRay Zinn, Chairman and CEO70.0000down 4.6406
Myriad GeneticsMYGNChristopher L. Wight, VP, General Counsel127.8750down 25.1250
Nationwide FinancialNFSDimon McFerson, Chairman38.0000down 0.5625
NovellNOVLStewart Nelson, COO10.7500down 1.4375
NetrixNTRXLynn Chapman, President &CEO7.0000down 0.1250
NuSkinNUSMost of Management is LDS, including Chairman and CEO6.3750down 0.5625
Ryder SystemsRTony Burns, CEO19.8125up 0.5625
Ten FoldTENFGary Kennedy, President and CEO6.7500down 0.2500
Zions BancorpZIONHarris Simmons, Chairman45.7500up 2.0625

ing this list.


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