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Posted 24 Feb 2001   For week ended October 27, 2000
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Sent on Mormon-News: 24Oct00

Summarized by Kent Larsen

Corvis, 1-800-Contacts Drive Mormon Stock Index Up 2%

NEW YORK, NEW YORK -- After a long downturn, the Mormon Stock Index rose 2% last week, largely on the strength of LDS billionaire David Huber's Corvis Corp., which rose $8.25 (14%) after posting its first revenue. The index also benefited from strong performances by 1-800 Contacts and Myriad Genetics, overcoming a shocking 45% drop in the stock price of video retailer Hollywood Entertainment.

The strength at Corvis came after it posted a loss of 7 cents per share, 2 cents less than any lists had predicted. However, some analysts pointed out that the Corvis' revenue came from Broadwing, Inc., which owns a stake in Corvis and has benefited from the run-up in its stock price since its July IPO.

Contact lens retailer 1-800-Contacts also performed strongly, jumping 15.75% after its earnings report showed stronger than expected earnings. While sales increased more than 50 percent over the same period last year, 1-800-Contacts' earnings jumped over 200 percent. Myriad Genetics' performance was even stronger, jumping over 26% for the week, on the heels of its announcement of a patent award for its cancer proteins. The company also introduced a new service in Canada and a new drug target identification and validation technology.

But those rosy performances were barely able to overcome the drop in Hollywood Entertainment's stock. The drop was a reaction to the company's announcement that it would report lower-than-expected third-quarter earnings because sales growth in stores was only one percent. Analysts had assumed that Hollywood had bottomed out last May, when the company shuttered its online video store (see Mormon News' story, LDS Video Magnate Concedes E-Commerce Battle ). Analysts had expected earnings of 28 cents a share, and the company announced that it would post earnings of 2 to 5 cents a share.

In spite of this bad news, however, the Mormon Stock Index still outperformed the Dow Jones Industrials, New York Stock Exchange composite and the S&P 500. However, it was far behind the NASDAQ composite.

Mormon Stock Index  126.8655up 2.5281
CompanySymbolLDS ExecutiveClosing PriceChange
AES Corp.AESRoger W. Sant, Chairman57.4375down 1.3125
Black &DeckerBDKNolan D. Archbald, CEO31.5625up 2.5625
Caldera SystemsCALDRansom H. Love, CEO3.6250down 0.3125
Corvis CorporationCORVDavid Huber, CEO67.1250up 8.2500
1-800-ContactsCTACJonathan C. Coon, President &CEO42.2500up 5.7500
Dell ComputerDELLKevin B. Rollins, Vice Chairman28.4375up 1.1250
EarthShellERTHSimon K. Hodson, CEO0.9375down 0.1250
Franklin CoveyFCStephen R. Covey, Chairman7.5000up 0.1250
FonixFONXSteve Studdert, Chairman0.7812up 0.0624
First SecurityFSCOSpencer F. Eccles, Chairman &CEO14.9375down 0.5000
Hollywood EntertainmentHLYWMark J. Wattles, CEO3.6250down 3.0000
Host MarriottHMTRichard Marriott, Chairman10.4375down 0.0625
I-LinkILNKJohn Edwards, Chairman & CEO2.5625down 0.1875
IomegaIOMDavid J. Dunn, Chairman4.5200down 0.2200
Marriott InternationalMARJ.W. Marriott, Jr., Chairman34.8750down 2.6875
Micrel SemiconductorsMCRLRay Zinn, Chairman and CEO53.1875down 1.0625
Myriad GeneticsMYGNChristopher L. Wight, VP, General Counsel116.1250up 24.1250
NovellNOVLStewart Nelson, COO8.2812down 0.0626
NuSkinNUSMost of Management is LDS, including Chairman and CEO5.6875down 0.3125
Oakley, Inc.OOJim Jannard, Chairman &CEO118.7500up 1.0625
Ryder SystemsRTony Burns, CEO16.5625down 0.8125
Cornerstone REITTCRGlade M. Knight, Chairman &CEO10.8125down 0.0625
Ten FoldTENFGary Kennedy, President and CEO4.0312down 0.4063
Zions BancorpZIONHarris Simmons, Chairman50.5625up 1.0000


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