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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended December 29, 2000
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Business News

  LDS Businessman McFerson's Affect on Columbus
Retiring LDS businessman Dimon McFerson has had a substantial impact on both his company and community. McFerson was Chairman and CEO of Nationwide Financial Services until his November retirement, shifting the company's focus significantly during his eight-year term. But McFerson also made a difference in the Columbus community, leaving the city with a new building for its Center of Science and Industry and with an arena for the city's new National Hockey League expansion franchise, the Columbus Blue Jackets.

Other Business News



Time Changes Radio Station Owner's Opinon of Bonneville International
CHICAGO, ILLINOIS -- Bonneville International Corp., the radio station conglomerate owned by the LDS Church, purchased classical radio station WNIB on November 29th from its long-time owner Bill Florian. But a recent story in the trade magazine Broadcasting & Cable shows that this wasn't the first time Bonneville had approached Florian about purchasing the station. Florian was quoted in the Chicago Sun-Times in 1995, the first time Bonneville sought the station, as saying, "You could say Tim a guy who loves his Absolut [vodka] and who loves to spend his Sunday mornings on one of his three BMW motorcycles. Besides, you can bet your chaps I wouldn't trust a religious organization as far as I could throw them."

Voices: Two cents
Broadcasting &Cable 11Dec00 B3

I-Link, Inc.'s GateLink called Product of the Year
DRAPER, UTAH -- LDS entrepreneur John Edwards' firm, I-Link was honored when Internet Telephony magazine named its GateLink product, Product of the Year in the Service Creation/Enhanced Service Platform category. GateLink is an "open-application programming interface" that allows developers to create enhanced voice and data applications involving voice over the Internet.

I-Link's GateLink Receives Internet Telephony Magazine's Product of the Year Award
BusinessWire 18Dec00 B4

Zions Bancorp. Adds Nine Bank of Hawaii Arizona Branches
HONOLULU, HAWAII -- Zions Bancorp, the former LDS Church-owned bank holding company now run by LDS CEO Harris Simmons, has purchased nine Arizona branches from Pacific Century Finncial Corp., parent of Bank of Hawaii. The branches, located in Phoenix, Scottsdale, Tucson, Green Valley, Mesa, Prescott and Yuma, service about $225 million in loans, hold $400 million in deposits and employ 75 people. Zions, which is three times the size of Pacific Century, will make the branches part of its National Bank of Arizona, that state's fourth largest bank.

Bankoh parent sells 9 branches in Arizona
Honolulu HI Star-Bulletin 28Dec00 B4
By Tim Ruel: Star-Bulletin



EarthShell Plans to Sell More Shares
SANTA BARBARA, CALIFORNIA -- EarthShell Corporation, the company run by LDS entrepreneur Simon K. Hodson, announced in December that it is trying to sell an additional 15,000,000 shares of common stock. The company filed a shelf registration statement with the US Securities and Exchange Commission that would permit the sale. The company currently has more than 100 million shares outstanding.

EarthShell Corporation files for Additional Shelf Registration
Business Wire 21Dec00 B2



Mercury News Profiles BYU Grad Michael Lee
SAN JOSE, CALIFORNIA -- Venture Capitalist Michael Lee was profiled in a short article in the San Jose Mercury News. Lee, 43, is Managing general partner of Dominion Ventures, a firm he founded in 1985 which has grown to include offices in Walnut Creek, Menlo Park and in Boston. In the interview, Lee predicted that venture capitalists will not do many new deals in 2001, instead puting funds into the firms they are already running.

Dominion Ventures
San Jose CA Mercury News 28Dec00 B2


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