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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended November 17, 2000
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Business News

  Novell Drops Donations To Scouts Over Homosexuality
International network software maker Novell, Inc. has decided to stop matching employee donations to the Boy Scouts of America, the company announced recently. The company cited the BSA's victorious Supreme Court case this past June as evidence that the Scouts discriminate as the basis of several orientation. The company's policy prohibits donations to organizations that do so.

  Will Huber Remain Richest Mormon?
With the stock price of his company, Corvis Corp., dropping to a more realistic level, LDS billionaire David Huber's personal net worth is also dropping, so much that he may not remain the world's richest Mormon. The value of Huber's personal holdings in Corvis has dropped by $5.5 billion from its late August high, to a value of $4.3 billion, just a little above Forbes magazine's estimated net worth for Jon Huntsman, who is currently the Mormon with the second largest net worth.

  LDS Businessman Willes Sells California Home In Record Deal
Mark Willes, former CEO of Times-Mirror turned BYU professor, has sold his La Canada-Flintridge home for $5 million, a record for homes in the area. Willes was forced-out as CEO when Times-Mirror merged into the Chicago-based Tribune company. He has since become a visiting professor at BYU's Marriott School of Management.

  Mormon Investment Guru Wins Appeal
Mormon investment guru Wade Cook had a $655,900 jury award reinstated November 16th. The 1998 jury award came in a case where Cook claimed motivational speaker Tony Robbins had stolen two phrases from Cook's 1995 best selling "Wall Street Money Machine." A U.S district judge had thrown out the original award, claiming that the evidence "compelled a conclusion contrary to the jury's award."

  MSI Gives Back Previous Week's Gains On Dell's Drop
After a lower-than-expected earnings forecast from Dell Computer, tech stocks dropped sharply last week, leading the Mormon Stock Index to give back 11%, the same as its previous week increase. In all, four stocks in the index dropped more than 20% each: Dell Computer, Caldera Systems, Ten Fold and Corvis.

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