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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended December 1, 2000
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Business News

  How Jonathan Coon Started $100 Million Business in BYU Dorm Room
LDS Entrepreneur Jonathan Coon is a millionaire now, but even he didn't see it coming when he started selling disposable contacts from his BYU dorm room. Coon's inspiration, reached when he saw another retailer's flier and decided he could do the same thing from his room, is now known as 1-800-CONTACTS, a publicly traded company with sales during the first nine months of 2000 in excess of $100 million.

  Arthur Hardman, Founder of Second Largest LDS Publisher
Arthur Hardman, founder of what has become the second largest provider of LDS products, Covenant Communications, died November 26th in Salt Lake City, Utah. He was 86. Hardman ran Covenant, then known as Covenant Recordings, from its beginings in 1958 until he sold it to its current owners in 1977.

  Four MSI Stocks Off More than 25%
The Mormon Stock Index dropped again this past week, as the broader indices pushed the market down and major components of the index struggled. In all, five Mormon stocks fell more than 15%, led by environmental packager EarthShell, whose 3rd quarter results failed to live up to expectations, driven by postive news of the pending adoption of its clamshell by McDonalds.

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