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Posted 24 Feb 2001   For week ended November 24, 2000
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Sent on Mormon-News: 22Nov00

By Kent Larsen

Four MSI Stocks Off More than 25%

NEW YORK, NEW YORK -- Four stocks on the Mormon Stock Index dropped more than 25% for the week, giving the index itself a drop of nearly 4%, while the broader national stock indexes stayed even. Corvis Corp., Hollywood Entertainment, Myriad Genetics and Ten Fold Corp. were all hit hard, but for a variety of reasons. In contrast, Dell Computer and 1-800-Contacts were up strongly, buffering the overall drop in the index.

Corvis, the brainchild of LDS billionaire David Huber, dropped another $12 a share, firmly moving Huber below fellow billionaire Jon Huntsman on the list of the richest Mormons. Corvis was struck by worries about the broader market for its goods, and by a rumor that his former company and current competitor, Ciena, will merge with the dominant Internet router manufacturer, Cisco.

Meanwhile, Hollywood Entertainment also plunged following a disappointing earnings report. The move cost Hollywood's CEO, LDS Church member Mark Wattles, who was forced by the stock's price drop to sell some of his shares to pay loans secured by the stock. Ten Fold Corp. also fell further on disappointing earnings. The company posted a loss for the current period after positive earnings for the same period last year.

But the heaviest drop was more than 30% in biotech firm Myriad Genetics. Myriad also reported a larger loss for the three month period ended October 31st. Monday results for Myriad showed an additional drop of 13%.

But Contact maker 1-800-Contacts released extremely positive results for the past quarter, driving its stock price up 18.3%, and Dell Computer rose 8.4%, giving strong support to the MSI as it struggled through the week.
Mormon Stock Index   119.6851down 4.7708
Company SymbolLDS Executive Closing Price Change
AES Corp. AES Roger W. Sant, Chairman59.0000 down 2.6250
Black &Decker BDK Nolan D. Archbald, CEO 34.3750 down 1.3750
Caldera Systems CALD Ransom H. Love, CEO 2.8750 down 0.3438
Corvis Corporation CORV David Huber, CEO 33.33125 down 12.0625
1-800-Contacts CTAC Jonathan C. Coon, President &CEO35.5625up 5.5000
Dell Computer DELL Kevin B. Rollins, Vice Chairman24.9375up 1.9375
EarthShell ERTH Simon K. Hodson, CEO 3.2812 down 0.0313
Franklin Covey FC Stephen R. Covey, Chairman8.9375 up 0.0625
Fonix FONX Steve Studdert, Chairman0.5938 down 0.0781
Hollywood Entertainment HLYW Mark J. Wattles, CEO 1.8125 down 0.6406
Host Marriott HMT Richard Marriott, Chairman11.0625 up 0.6250
I-Link ILNK John Edwards, Chairman & CEO2.4062up 0.1562
Iomega IOM David J. Dunn, Chairman6.2000 up 0.1900
Marriott International MAR J.W. Marriott, Jr., Chairman41.9375 up 3.0000
Micrel Semiconductors MCRL Ray Zinn, Chairman and CEO37.3750 up 2.3750
Myriad Genetics MYGN Christopher L. Wight, VP, General Counsel85.3125down 37.8125
Novell NOVL Stewart Nelson, COO 7.7500 down 0.4688
NuSkin NUS Most of Management is LDS, including Chairman and CEO5.3125no change
Oakley, Inc. OO Jim Jannard, Chairman &CEO21.6875 up 1.3125
Ryder Systems R Tony Burns, Chairman 17.6875 down 0.5000
Cornerstone REIT TCR Glade M. Knight, Chairman &CEO10.6875down 0.0625
Ten Fold TENF Gary Kennedy, President and CEO2.0000 down 0.8125
Zions Bancorp ZION Harris Simmons, Chairman52.9375 down 3.0625


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