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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 21 Sep 2001   For week ended September 21, 2001
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Hollywood Entertainment Fighting Investor Fears
Mark Wattles, the LDS CEO of video rental chain Hollywood Entertainment, is fighting misconceptions among investors and trying to lift his company's stock price. Over the past two weeks Hollywood Entertainment's stock has fallen more than 25% after rival Blockbuster devalued its inventory because of the increasing popularity of DVDs. Investors have assumed, erroneously according to Wattles, that Hollywood Entertainment needs to devalue its inventory also.

Mormon Woman Builds Bath Salts Business
Deena Pyle, the creator and owner of a company called Mosaic Bridges, believes in the value of rituals and the use of bathing as a ceremony.

MSI Was Down Ahead of World Trade Center Tragedy
The Mormon Stock Index was down 1.0% on Monday, the only day stocks were traded last week due to the tragic attack on the World Trade Center. The index was down while most broader market indices were even or up slightly. The MSI was kept from falling further by a nearly 5% rise in Dell Computer.

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