ALL the News about
Mormons, Mormonism
and the LDS Church
Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended July 16, 2000
Most Recent Week
Front Page
Churchwide
Local News
Arts & Entertainment
·Bestsellers
·New Products
People
Sports
·Statistics
Politics
Internet
·New Websites
Events
Business
·Mormon Stock Index
Letters to Editor
Search
 
Archives
Continuing Coverage of:
Boston Temple
School Prayer
Julie on MTV
Robert Elmer Kleasen
About Mormon News
News by E-Mail
Weekly Summary
Participating
Submitting News
Submitting Press Releases
Volunteer Positions
Bad Link?

News about Mormons, Mormonism,
and the LDS Church
Sent on Mormon-News: 13Jul00

Summarized by Kent Larsen

Mormon Stock Index Adds 4 companies, Rises Nearly 2 Points
Kent Larsen 10Jul00 B4

NEW YORK, NEW YORK -- Mormon News subscribers helped identify four additional stocks that qualify for the Mormon Stock Index, raising the number of stocks in the index to 22 and increasing the market capital it represents above $180 billion. The performance of the index itself, both before and after adding the four stocks, increased about 1.5% during the week, a little less than most indicators for the entire market.

Leading the stocks in the index was newcomer NuSkin, which saw its stock rise by nearly 11 percent for the week. NuSkin's stock seems to be bottoming out finally, after a long downward slide from its IPO price of about $30 a share in 1997 to its close last week at $6.375. The other stocks posting large gains were the "blue chip" stocks in the index, First Security Bank, Host Marriott and Marriott International, along with newcomer Micrel Semiconductor.

But the effect of these gains were partially offset by dives in two of the high-tech stocks in the index. Caldera Systems, a vendor of Linux OS software and Linux programming services, dropped nearly 14% for the week amid fears about the effect of increasing competition in the market. Already this week Caldera is down almost another 20%, after analysts at Bear Sterns downgraded the stock because of the fears. The other stock, Netrix, a provider of telephone services over the Internet, declined more than 12 1/2%, also amid fears of increasing competition.
CompanyLDS ExecutiveClosing PriceChange
AlbertsonsRichard L. King, President &COO34.5000up 1.2500
Black &DeckerNolan D. Archbald, CEO39.6250up .3125
Caldera SystemsRansom H. Love, CEO11.2500down 1.8125
1-800-ContactsJonathan C. Coon, President &CEO45.4375down 1.5625
Dell ComputerKevin B. Rollins, Vice Chairman50.6875up 1.3750
Franklin CoveyStephen R. Covey, Chairman7.3750up 0.4219
FonixSteve Studdert, Chairman1.1094down 0.0156
First SecuritySpencer F. Eccles, Chairman &CEO14.7500up 1.1875
Hollywood EntertainmentMark J. Wattles, CEO7.7500down 0.1250
Host MarriottRichard Marriott, Chairman10.0625up 0.7031
I-LinkJohn Edwards, Chairman & CEO5.2188down 0.1562
IomegaDavid J. Dunn, Chairman4.0000unchanged
Marriott InternationalJ.W. Marriott, Jr., Chairman38.9375up 2.8750
Micrel SemiconductorsRay Zinn, Chairman and CEO47.1250up 3.6875
Myriad GeneticsChristopher L. Wight, VP, General Counsel150.6250up 2.5469
Nationwide FinancialDimon McFerson, Chairman34.8125up 1.9375
NovellStewart Nelson, COO9.2188down 0.0312
NetrixLynn Chapman, President &CEO10.7500down 1.5625
NuSkinMost of Management is LDS, including Chairman and CEO6.3750up 0.6250
Ryder SystemsTony Burns, CEO18.9375no change
Ten FoldGary Kennedy, President and CEO17.0625down 0.4375
Zions BancorpHarris Simmons, Chairman47.3750up 1.4844


QUOTE:

[an error occurred while processing this directive]


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