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Summarized by Kent Larsen
Corvis Gyrations Continue, Push Mormon Stock Index Down in Up Market
NEW YORK, NEW YORK -- The inexplicable stock price of recent IPO Corvis is
still driving the Mormon Stock Index, pushing the overall index down 1%
while the overall US markets rose slightly. Corvis dropped nearly 20% for
the week, giving back nearly all last week's rise. Experts still can't
explain the company's overall market valuation, except for the overall
interest in Fiber Optic stocks.
Language software firm Fonix again rose strongly this past week, up nearly
11% as the firm reported positive results for its second quarter. Also up
was Netrix, up 18%, gaining back most of its loss the previous week. Online
service firm I-Link was down 14%, also reversing its move the previous week.
Also off was Linux firm Caldera Systems, down 11% as investors re-evaluated
the company's competitive situation.
| Mormon Stock Index | | | 138.3849 | down 1.4344 |
| Company | Symbol | LDS Executive | Closing Price | Change |
| Black &Decker | BDK | Nolan D. Archbald, CEO | 39.5000 | up 3.5000 |
| Caldera Systems | CALD | Ransom H. Love, CEO | 6.8750 | down 0.8750 |
| Corvis Corporation | CORV | David Huber, CEO | 86.5000 | down 21.5625 |
| 1-800-Contacts | CTAC | Jonathan C. Coon, President &CEO | 25.0000 | down 1.0625 |
| Dell Computer | DELL | Kevin B. Rollins, Vice Chairman | 37.6875 | down 3.6875 |
| EarthShell | ERTH | Simon K. Hodson, CEO | 2.9375 | up 0.1250 |
| Franklin Covey | FC | Stephen R. Covey, Chairman | 8.0000 | down 0.0625 |
| Fonix | FONX | Steve Studdert, Chairman | 1.2656 | up 0.1250 |
| First Security | FSCO | Spencer F. Eccles, Chairman &CEO | 15.6875 | up 0.2500 |
| Hollywood Entertainment | HLYW | Mark J. Wattles, CEO | 8.0625 | up 0.0625 |
| Host Marriott | HMT | Richard Marriott, Chairman | 11.3125 | down 0.3125 |
| I-Link | ILNK | John Edwards, Chairman & CEO | 3.7500 | down 0.6250 |
| Iomega | IOM | David J. Dunn, Chairman | 3.4375 | down 0.0625 |
| Marriott International | MAR | J.W. Marriott, Jr., Chairman | 41.3750 | up 0.1875 |
| Micrel Semiconductors | MCRL | Ray Zinn, Chairman and CEO | 52.0000 | up 4.6875 |
| Myriad Genetics | MYGN | Christopher L. Wight, VP, General Counsel | 145.2500 | down 8.5000 |
| Nationwide Financial | NFS | Dimon McFerson, Chairman | 37.6875 | up 0.2500 |
| Novell | NOVL | Stewart Nelson, COO | 9.1875 | up 0.0313 |
| Netrix | NTRX | Lynn Chapman, President &CEO | 7.3750 | up 1.1250 |
| NuSkin | NUS | Most of Management is LDS, including Chairman and CEO | 6.6250 | down 0.3125 |
| Ryder Systems | R | Tony Burns, CEO | 21.6875 | up 0.5625 |
| Ten Fold | TENF | Gary Kennedy, President and CEO | 8.5000 | up 0.5000 |
| Zions Bancorp | ZION | Harris Simmons, Chairman | 45.0938 | down 1.3437 |
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