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Posted 26 Mar 2001   For week ended March 23, 2001
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Sent on Mormon-News: 20Mar01

By Kent Larsen

MSI: Corvis Up While Market Falls

NEW YORK, NEW YORK -- Corvis Corp., the high-flying fiber optic equipment manufacturer run by LDS Church member David Huber, actually rose last week in the middle of a market downturn that shed nearly 8% from both the NASDAQ and Dow and more than 6.5% off the Mormon Stock Index. Corvis rose nearly 16% as news arrived that a new director had purchased 150,000 shares, demonstrating faith in the company.

A large part of Corvis' recent decline comes from sales by pre-IPO holders who were only able to sell their stock in February, more than six months after the company's IPO. Those sales pushed the company's stock down to less than $7 a share.

Meanwhile, most other companies on the Mormon Stock Index fell along with the broader market. Most significant were a nearly 15% drop at AES Corp. and a nearly 21% drop at semiconductor design firm Cadence Design.

Mormon Stock Index   107.3552down 7.6402
Company SymbolLDS Executive Closing Price Change
AES Corp. AES Roger W. Sant, Chairman47.51 down 8.34
Black &Decker BDK Nolan D. Archbald, CEO 40.29 down 4.21
Bay View Capital Corp BVC Matt Carpenter, COO 5.76 down 0.51
Cadence Design CDN Raymond Bingham, President &CEO19.00down 5.00
Computerized Thermal ImagingCIODavid A. Packer, President and COO2.30down 0.45
Corvis Corporation CORV David Huber, CEO 8.4062 up 1.1562
1-800-Contacts CTAC Jonathan C. Coon, President &CEO22.0000up 0.3750
Dell Computer DELL Kevin B. Rollins, Vice Chairman23.6875up 0.3125
EarthShell ERTH Simon K. Hodson, CEO 1.4375 down 0.0937
Franklin Covey FC Stephen R. Covey, Chairman8.30 down 0.30
Fonix FONX Steve Studdert, Chairman0.4375 down 0.0781
Hillenbrand Industries HB Frederick Rockwood, President &CEO 47.32down 2.53
Hollywood Entertainment HLYW Mark J. Wattles, CEO 2.1875 up 0.2187
Host Marriott HMT Richard Marriott, Chairman11.93 down 0.42
Iomega IOM David J. Dunn, Chairman3.53 down 0.42
JP Realty JPR Several members of management team18.66down 0.32
Knight Transportation KNGT Keith, Gary and Kevin Knight19.1250 down 4.1875
Marriott International MAR J.W. Marriott, Jr., Chairman40.98 down 0.08
Micrel Semiconductors MCRL Ray Zinn, Chairman and CEO 27.1875 down 1.4375
Myriad Genetics MYGN Christopher L. Wight, VP, General Counsel35.7500down 9.8281
Novell NOVL Stewart Nelson, COO 5.0625 down 1.0000
NuSkin NUS Most of Management is LDS, including Chairman and CEO8.70up 0.70
Oakley, Inc. OO Jim Jannard, Chairman &CEO15.66 down 1.55
Ryder Systems R Tony Burns, Chairman 19.92 down 2.07
Cornerstone REIT TCR Glade M. Knight, Chairman &CEO10.50down 0.50
Zions Bancorp ZION Harris Simmons, Chairman51.4375 down 3.9375

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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