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Posted 26 Mar 2001   For week ended March 09, 2001
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Sent on Mormon-News: 06Mar01

By Kent Larsen

Subscriber Adds Cadence Design to Mormon Stock Index

NEW YORK, NEW YORK -- Mormon News subscriber Ethel Greenburg says that Raymond Bingham, President and CEO of Cadence Design is an LDS Church member, leading Mormon News to add his company to the Mormon Stock Index. But in spite of the addition, the index fell 2.4%, mainly because of the continuing drop of fiber optic equipment manufacturer Corvis. The drop in Corvis and a few other firms outweighed the more modest increases in two-thirds of the stocks on the index.

Corvis, which launched an IPO last July, has fallen to a new low of $9.28 per share, a 27% drop for the week. The stock is now selling at a level lower than the company initially predicted in its IPO proposal over a year ago. When the stock went public in July, the stock price rose substantially, to more than $90 a share, as investors scrambled for the relatively few shares available. Recent drops in the stocks price are probably due to the sale of shares by pre-IPO holders who have been prevented by securities laws from selling until recently.

The eight down stocks were all down substantially more than the up stocks. In addition to Corvis, 1-800 Contacts fell by nearly 18%, Micrel Semiconductor fell 12% and Fonix fell 10%. On the upside, only NuSkin rose more than 10% for the week.

Mormon Stock Index   113.7239down 2.7451
Company SymbolLDS Executive Closing Price Change
AES Corp. AES Roger W. Sant, Chairman55.84 up 2.24
Black &Decker BDK Nolan D. Archbald, CEO 41.00 down 1.51
Cadence Design CDN Raymond Bingham, President &CEO24.85down 2.49
Computerized Thermal ImagingCIODavid A. Packer, President and COO2.11up 0.05
Corvis Corporation CORV David Huber, CEO 9.2812 down 3.4688
1-800-Contacts CTAC Jonathan C. Coon, President &CEO19.9375down 4.3125
Dell Computer DELL Kevin B. Rollins, Vice Chairman22.0625down 1.1875
EarthShell ERTH Simon K. Hodson, CEO 1.3125 up 0.0313
Franklin Covey FC Stephen R. Covey, Chairman8.50 up 0.05
Fonix FONX Steve Studdert, Chairman0.5469 down 0.0625
Host Marriott HMT Richard Marriott, Chairman12.93 up 0.10
Iomega IOM David J. Dunn, Chairman3.76 up 0.01
JP Realty JPR Several members of management team18.97up 0.02
Knight Transportation KNGT Keith, Gary and Kevin Knight22.2500 up 0.7500
Marriott International MAR J.W. Marriott, Jr., Chairman41.03 up 0.71
Micrel Semiconductors MCRL Ray Zinn, Chairman and CEO 30.6875 down 4.1875
Myriad Genetics MYGN Christopher L. Wight, VP, General Counsel56.8125up 2.0625
Novell NOVL Stewart Nelson, COO 5.8438 down 0.4687
NuSkin NUS Most of Management is LDS, including Chairman and CEO8.10up 0.85
Oakley, Inc. OO Jim Jannard, Chairman &CEO17.30 up 0.99
Ryder Systems R Tony Burns, Chairman 20.68 up 0.89
Cornerstone REIT TCR Glade M. Knight, Chairman &CEO11.14up 0.24
Zions Bancorp ZION Harris Simmons, Chairman58.5000 up 3.3750

Please Help Us Confirm Other Mormon Companies:

Mormon News' research confirms that there are probably other companies with Mormon management that we currently don't know about. Our research uncovered several Utah companies which may have Mormon executives, but which we were unable to confirm as of yet. If you have any confirming information about the following companies, please let me know:

  • FX Energy
  • Gertner Communications
  • Headwaters, Inc.
  • Nature's Sunshine
  • NPS Pharmaceuticals
  • Questar
  • SkyWest, Inc.
  • Sonic Innovations


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