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Posted 24 Feb 2001   For week ended January 19, 2001
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Sent on Mormon-News: 17Jan01

By Kent Larsen

Mormon Stock Index Up on Surges by Corvis, Novell

NEW YORK, NEW YORK -- Sharp rises by both optical network equipment manufacturer Corvis and network software firm Novell pushed the Mormon Stock Index up 2.4%. Both Corvis and Novell jumped more than 40% for the week, while other stocks held steady, with as many stocks rising (7) as falling.

Corvis was up after analysts gave the firm a buy rating, expecting the stock price to rise to $30. However, a reporter for The notes that 91% of Corvis' stock is still in private hands, and the 'lockup' period, during which it can't be sold, will expire soon. If the insiders that hold the stock sell when the 'lockup' period expires, the stock price could drop significantly.

Novell's stock rose after it reported that it had won a software piracy case against a man who sold unlicensed copies of Novell's Netware program on Ebay. Novell was awarded $600,000 in the case, which bolstered its anti-piracy efforts.

In addition to Corvis and Novell, sunglass manufacturer Oakley, Inc. and semiconductor manufacturer Micrel Semiconductor were both up more than 15%. On the down side, Iomega and Knight Transportation fell by a little less than 10% each.
Mormon Stock Index   112.7047up 2.6200
Company SymbolLDS Executive Closing Price Change
AES Corp. AES Roger W. Sant, Chairman52.6875 no change
Black &Decker BDK Nolan D. Archbald, CEO 37.4375 no change
Corvis Corporation CORV David Huber, CEO 23.0000 up 7.5000
1-800-Contacts CTAC Jonathan C. Coon, President &CEO28.8750no change
Dell Computer DELL Kevin B. Rollins, Vice Chairman17.4375no change
EarthShell ERTH Simon K. Hodson, CEO 1.8125 no change
Franklin Covey FC Stephen R. Covey, Chairman7.5000 no change
Fonix FONX Steve Studdert, Chairman0.4531 down 0.0313
Host Marriott HMT Richard Marriott, Chairman13.0000 down 0.0625
Iomega IOM David J. Dunn, Chairman3.7000 down 0.3500
Knight Transportation KNGT Keith, Gary and Kevin Knight20.5625 down 2.2500
Marriott International MAR J.W. Marriott, Jr., Chairman44.5625 down 0.3125
Micrel Semiconductors MCRL Ray Zinn, Chairman and CEO 42.8750 up 4.1325
Myriad Genetics MYGN Christopher L. Wight, VP, General Counsel56.0000down 3.0000
Novell NOVL Stewart Nelson, COO 7.5625 up 2.2500
NuSkin NUS Most of Management is LDS, including Chairman and CEO6.1250up 0.0625
Oakley, Inc. OO Jim Jannard, Chairman &CEO18.2500 up 2.5000
Ryder Systems R Tony Burns, Chairman 18.1875 up 0.9375
Cornerstone REIT TCR Glade M. Knight, Chairman &CEO10.9375up 0.1250
Zions Bancorp ZION Harris Simmons, Chairman58.6875 down 1.3125

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