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Summarized by Kent Larsen
Mormon Stock Index Drops Slightly In Volatile Market
Kent Larsen 18Jul00 B4
NEW YORK, NEW YORK -- The performance of the stocks in the Mormon
Stock Index varied widely in the week ended July 14th as 1-800
Contacts and Micrel Semiconductor jumped more than 10 and nearly 20%
while Caldera Systems and Ten Fold dropped 19 and 35% amid the
release of several company earnings reports. The index itself managed
to stay relatively stable, dropping just 1/2 percent to 129.85, from
130.54.
Draper, Utah based Ten Fold led the down stocks, as well as the
NASDAQ, with a shocking drop of 35% after the company announced it
would post a loss for the 2nd quarter, instead of the expected
profit. Officials of the e-business software firm blamed the loss on
higher costs, project delays and a longer than expected sales cycle.
Caldera Systems also suffered a large drop of nearly 20% due mainly
to investor fears that the increasing competition in the Linux market
would reduce its prospects.
Meanwhile, 1-800 Contacts reported record 2nd Quarter profits,
leading its stock price to rise nearly 12% and the stock price of
chip maker Micrel rose nearly 20% as it also reported a profitable
quarter, remaining the only chip maker to report profits every
quarter for the past two years. Analysts upgraded their
recommendations for Micrel, leading its stock to jump.
| Company | Symbol | LDS Executive | Closing Price | Change |
| Albertsons | ABS | Richard L. King, President &COO | 32.6875 | down 2.3125 |
| Black &Decker | BDK | Nolan D. Archbald, CEO | 39.8125 | up 0.1875 |
| Caldera Systems | CALD | Ransom H. Love, CEO | 9.1250 | down 2.1250 |
| 1-800-Contacts | CTAC | Jonathan C. Coon, President &CEO | 50.7500 | down 1.5625 |
| Dell Computer | DELL | Kevin B. Rollins, Vice Chairman | 53.0625 | up 2.3750 |
| Franklin Covey | FC | Stephen R. Covey, Chairman | 6.7500 | down 0.6250 |
| Fonix | FONX | Steve Studdert, Chairman | 1.0156 | down 0.0938 |
| First Security | FSCO | Spencer F. Eccles, Chairman &CEO | 15.0625 | up 0.3125 |
| Hollywood Entertainment | HLYW | Mark J. Wattles, CEO | 8.0000 | up 0.2500 |
| Host Marriott | HMT | Richard Marriott, Chairman | 9.9375 | down 0.1250 |
| I-Link | ILNK | John Edwards, Chairman & CEO | 5.1250 | down 0.0938 |
| Iomega | IOM | David J. Dunn, Chairman | 4.1250 | up 0.1250 |
| Marriott International | MAR | J.W. Marriott, Jr., Chairman | 40.1875 | up 1.2500 |
| Micrel Semiconductors | MCRL | Ray Zinn, Chairman and CEO | 56.5000 | up 9.3750 |
| Myriad Genetics | MYGN | Christopher L. Wight, VP, General Counsel | 145.8750 | down 4.7500 |
| Nationwide Financial | NFS | Dimon McFerson, Chairman | 36.0000 | up 1.1875 |
| Novell | NOVL | Stewart Nelson, COO | 9.7812 | up 0.5624 |
| Netrix | NTRX | Lynn Chapman, President &CEO | 10.1875 | down 0.5625 |
| NuSkin | NUS | Most of Management is LDS, including Chairman and CEO | 6.2500 | down 0.1250 |
| Ryder Systems | R | Tony Burns, CEO | 19.8125 | up 0.8750 |
| Ten Fold | TENF | Gary Kennedy, President and CEO | 11.0625 | down 6.0000 |
| Zions Bancorp | ZION | Harris Simmons, Chairman | 47.7500 | up 0.3750 |
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