ALL the News about
Mormons, Mormonism
and the LDS Church
Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 09 Apr 2001   For week ended March 23, 2001
Most Recent Week
Front Page
Local News
Arts & Entertainment
·New Products
·New Websites
·Mormon Stock Index
Letters to Editor
Continuing Coverage of:
Boston Temple
School Prayer
Julie on MTV
Robert Elmer Kleasen
About Mormon News
News by E-Mail
Weekly Summary
Submitting News
Submitting Press Releases
Volunteer Positions
Bad Link?

Business News

LDS Conference Center Sound and Video System Featured in Broadcast Engineering
Just in time for the Church of Jesus Christ of Latter-day Saints' annual General Conference, this month's Broadcast Engineering details the challenges and equipment used in the centers audio and video systems, giving a view of the capabilities of the system. The article, written in part by the project managers at AZCAR who furnished the system to the LDS Church, shows not only the effort that went into designing the large, complex system, but also how that system meets the Church's requirements -- principally the broadcast of General Conference in 60 languages to locations worldwide.

LDS Businessman's JetBlue is New Model for Discount Airlines
In 1978, "THE" airline to fly was Braniff. If you wanted a Halston-clad "air hostess" you might find Doreen. She walked the Braniff way, with her head holding an imaginary string taunt between her chin and bellybutton. Today, Doreen Lawrence, is walking for JetBlue Airways and training 250 flight attendants and staff on how to give service with a retro flair. She is joined in her training by Dean Melonas who also started his airline career in 1978.

MSI: Corvis Up While Market Falls
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.

Rexburg native named Ricks Business Leader of Year
Rexburg native Stephen G. Hanks, president of Washington Group International (formerly Morrison Knudsen Corporation), was honored as Business Leader of the Year during Ricks College's annual Business Summit Thursday, March 22. The Boise resident also spoke at a forum in the Taylor Chapel at 2 p.m. The address was carried live by KRIC-FM.

Marriott School hosts Microenterprise conference April 5-7
The Marriott School at Brigham Young University anticipates hundreds of participants at its fourth annual Microenterprise Conference April 5-7.

Other Business News

Oakley Reports 270% Increase in Orders for Fall 2001 Footwear and Apparel Lines
FOOTHILL RANCH, CALIFORNIA -- Oakley, Inc., the sunglasses manufacturer and footwear maker run by LDS billionaire Jim Jannard announced a huge increase in its order backlog for Fall 2001. The company says that orders so far for the Fall season are up 270% over this time last year. The company attributed the rise in orders to expansion of its footwear line by seven new styles and its apparel line to 100 styles.
Oakley Reports 270% Increase in Orders for Fall 2001 Footwear and Apparel Lines
Business Wire 19Mar01 B4

Tenfold Sells Subsidiary, Lays-off 50 in Bid for Survival
DRAPER, UTAH -- After laying off 200 and closing three offices in November, Tenfold Corp., run by LDS Church member Gary Kennedy, will lay off 50 more and seek to raise cash to continue its operations. The company also announced that it had sold its Boston-based LongView Group subsidiary, bringing in $29 million to keep the company running. The Salt Lake Tribune article identifies several companies that have filed lawsuits against the software developer, claiming that the projects weren't completed satisfactorily.
Draper, Utah-Based Software Firm Cuts 50 More Jobs, Looks to Raise Cash
Salt Lake Tribune 15Mar01 B4
By Paul Beebe: Salt Lake Tribune

Corvis Director David Oros Snaps Up 150,000 Shares
COLUMBIA, MARYLAND -- David Oros, named to the board of Corvis Corp. (CORV) in late January, purchased 150,000 shares of the fiber optic products maker in late February, according to a regulatory filing Monday. Corvis' shares have suffered downward pressure because of pre-IPO holders who were prohibited from selling shares until February.
Corvis Director David Oros Snaps Up 150,000 Shares 19Mar01 B4

Addition to LDS complex completed
CLERMONT, FLORIDA -- A note in the Orlando Sentinel's real estate column indicates that Roger Kennedy Construction of Altamonte Springs recently completed a 6,000-square-foot addition to the The Church of Jesus Christ of Latter-Day Saints complex in Clermont.
Avalon Park Chief Plans Businesses for Development
Orlando FL Sentinel 19Mar01 B1

Law Firm's Phoenix Expansion Includes BYU Grad
PHOENIX, ARIZONA -- The expansion of Squire, Sanders &Dempsey's Phoenix Office includes the addition of Christy L. Myers, an associate, who practices in land use and zoning, real estate and government affairs. She received her J.D. cum laude from Brigham Young University and her B.A. cum laude from Arizona State University.
Squire, Sanders &Dempsey's Phoenix Office Expands Real Estate Practice by Six Attorneys
PRNewswire 19Mar01 B2

Dell Signs $16 billion deal with Samsung
AUSTIN, TEXAS -- Dell (Nasdaq:DELL) and Samsung Electronics Co. Ltd. announced that they have entered into a strategic, $16 billion dollar technology and research-and-development agreement under which Samsung will ensure a supply of memory components, liquid-crystal displays (LCD), monitors and optical disk drives for Dell to use in the manufacture of its line of computer system products. The companies also have agreed to collaborate on research and development efforts focused on providing Dell customers with world-class products at competitive prices. Dell is included on the Mormon Stock Index because its vice chairman, Kevin Rollins, is an LDS Church member.
Dell, Samsung Electronics Enter $16 Billion Alliance Agreement
Business Wire 21Mar01 B4

Headwaters Puts BYU Professors on Technical Advisory Board
SALT LAKE CITY, UTAH -- Technology developer Headwaters, Inc. has created a Technical Advisory Board to help it create a cleaner method for burning coal. The company has persuaded BYU professors Thomas H. Fletcher and A. Brent Strong to the board. Like with its other alternative fuel technologies, Headwaters is seeking to license technology to other companies for revenue from the resulting royalties.
Headwaters Creates Technical Advisory Board
Business Wire 21Mar01 B4

Analyst Expects Lower Earnings for Marriott
NEW YORK, NEW YORK -- Wall Street investment banker Goldman Sachs lowered its estimate for the earnings of Marriott Corp., along with all lodging stocks. Goldman Sachs now expects Marriott to earn $2.10 a share instead of the previous estimate of $2.17 a share, For 2002 the earnings estimate is now $2.35 a share, down from $2.45 a share. However, Goldman has kept the shares are on its U.S. recommended for purchase list.
Goldman cuts estimates for lodging stocks
Reuters 22Mar01 B4

Amex to Trade Options on The AES Corporation
NEW YORK, NEW YORK -- The American Stock Exchange will launch trading in options on Monday, March 26, 2001 on the following New York Stock Exchange listed stock of The AES Corporation, a global power company that is also on the Mormon Stock index because of the heritage of its CEO, Roger Sant. Options allow traders to bet on the future price of a stock.
Amex to Trade Options on The AES Corporation
PRNewswire 23Mar01 B4

Marriott Puts Flagship Name on Former Rihga Royal Hotel in New York City
NEW YORK, NEW YORK -- The Marriott Corp. was awarded a management contract to run the fomer Rihga Royal hotel in New York City and has changed its name and brand to the JWMarriott New York. "We are delighted to bring the first JW Marriott brand hotel to New York City," said Roger Borsink, Marriott's regional vice president for the New York market. "JW Marriott hotels are the most luxurious properties bearing the Marriott name. They build upon Marriott's reputation for personal care and dependability, and extend to even higher levels of service and style."The JW Marriott New York is the seventh JW Marriott in the United States and the 14th property worldwide. It is Marriott's strategy to develop the JW Marriott brand in gateway cities throughout the world, in established business destinations and emerging luxury markets.
JW Marriott Hotel Premieres in New York City
PRNewswire 21Mar01 B4
Marriott Converts Rihga Royal, Continues Upper-Tier Brand Expansion

Zions Bancorp One of Top 40 US Banks
SALT LAKE CITY, UTAH -- A February ranking of banking companies by SNL Securities LC of Charlottesville, Va., put Zions Bancorp at number 37, based on assets. Following the final merger integration of First Security Corp. into the Wells Fargo &Co. fold, expected in April, Zions will be the only Utah-based bank in the top 50. In terms of management, market knowledge and innovation, some industry analysts say they rank much higher.
Utah-Based Bank Ranks among the Top in the Nation
Ogden Standard-Examiner 18Mar01 B4
By Gary Hinds: Standard-Examiner


[an error occurred while processing this directive]

Copyright 1998, 1999, 2000, 2001 Kent Larsen · Privacy Information