By Kent Larsen
Marriott Stocks Keep MSI From Year-end Dive
NEW YORK, NEW YORK -- Marriott Corp. and Host Marriott both rose in
the last week of the year, keeping the Mormon Stock Index from
falling in the last week of the year. Instead, the index rose by less
than two-thirds of one percent. The index finished the year at
107.5025, a rise of 7.5% for the year.
Both Marriott and Host Marriott rose more than 5%, pushing the index
up, while many of the high-tech stocks in the index fell, along with
the NASDAQ. Novell and Dell Computer both fell for the week, exerting
a heavy downward pressure on the index. Fiber-optic switch maker
Corvis rose 10% for the week, also contributing toward the index'
increase.
Two small stocks fell significantly for the week. Environmentally
friendly packaging manufacturer EarthShell fell almost 37% while
voice-over-Internet provider I-Link fell 40%, apparently as investors
learned that Red Cube International failed to make the payments
necessary to purchase a controlling interest in the firm. I-Link's
CEO John Edwards also claimed that the firm failed to deliver the
voice traffic expected.
Mormon Stock Index | | | 107.5025 | up 0.6621 |
Company | Symbol | LDS Executive | Closing Price | Change |
AES Corp. | AES | Roger W. Sant, Chairman | 52.6875 | no change |
Black &Decker | BDK | Nolan D. Archbald, CEO | 37.4375 | no change |
Caldera Systems | CALD | Ransom H. Love, CEO | 1.9375 | down 0.3125 |
Corvis Corporation | CORV | David Huber, CEO | 23.8125 | up 2.1875 |
1-800-Contacts | CTAC | Jonathan C. Coon, President &CEO | 28.6250 | up 1.3750 |
Dell Computer | DELL | Kevin B. Rollins, Vice Chairman | 17.4375 | down 0.9375 |
EarthShell | ERTH | Simon K. Hodson, CEO | 1.2812 | down 0.7500 |
Franklin Covey | FC | Stephen R. Covey, Chairman | 7.5000 | up 0.3750 |
Fonix | FONX | Steve Studdert, Chairman | 0.3125 | no change |
Hollywood Entertainment | HLYW | Mark J. Wattles, CEO | 1.0625 | down 0.0313 |
Host Marriott | HMT | Richard Marriott, Chairman | 12.9375 | up 0.6299 |
I-Link | ILNK | John Edwards, Chairman & CEO | 0.7812 | down 0.5313 |
Iomega | IOM | David J. Dunn, Chairman | 3.3500 | down 0.2900 |
Marriott International | MAR | J.W. Marriott, Jr., Chairman | 42.2500 | up 2.6215 |
Micrel Semiconductors | MCRL | Ray Zinn, Chairman and CEO | 33.6875 | up 0.4375 |
Myriad Genetics | MYGN | Christopher L. Wight, VP, General Counsel | 82.7500 | up 2.5000 |
Novell | NOVL | Stewart Nelson, COO | 5.2188 | down 0.7500 |
NuSkin | NUS | Most of Management is LDS, including Chairman and CEO | 5.3125 | up 0.0625 |
Oakley, Inc. | OO | Jim Jannard, Chairman &CEO | 13.5000 | down 1.0000 |
Ryder Systems | R | Tony Burns, Chairman | 16.6250 | up 0.3125 |
Cornerstone REIT | TCR | Glade M. Knight, Chairman &CEO | 10.5625 | down 0.2204 |
Ten Fold | TENF | Gary Kennedy, President and CEO | 1.5000 | down 0.1250 |
Zions Bancorp | ZION | Harris Simmons, Chairman | 62.4375 | up 0.6875 |
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