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By Kent Larsen
Two Utah Companies Added to Mormon Stock Index
NEW YORK, NEW YORK -- Two Utah companies with Mormon management have
been added to the Mormon Stock Index, and two companies that had
failed to meet the index's minimum capital requirement are back on
the list, due to significant increases in their stock prices.
Computerized Thermal Imaging (CTI) and JP Realty were added this week
after research showed that members of their management team are
Mormon. Additionally, the stock prices of Caldera Systems and Ten
Fold have risen enough to put them back on the list. The changes
bring the number of companies on the Mormon Stock Index to 24.
Computerized Thermal Imaging is a medical devices startup that is
constructing a breast cancer detection system. Headed by former US
Air Force General Richard Secord, an LDS Church member known most
recently for serving as Deputy Assistant Secretary of Defense, the
company recently received FDA approval for the fourth of five modules
needed for its system. Although its stock dropped by about one-third
this past week, it is up more than 60% so far this year.
JP Realty is a commercial real estate trust that owns malls,
community centers and other commercial and retail property in the
western US. Several members of its management team are Mormon,
including the company's CFO, M. Scott Collins. Its stock was up less
than 3% for the week, capping a rise of 17% in 2001 so far.
For this past week the Mormon Stock Index fell slightly, by 0.5%, the
first time the index has fallen this year. In addition to the 30%
drop in CTI, both Dell and Corvis had significant drops, pushing the
index down slightly after increases from Black &Decker,
1-800-Contacts, Iomega and Knight Transportation. Black and Decker's
8.5% rise was due to the company's announcement last week that it
would cut 400 jobs (1.8% of its workforce. 1-800-Contacts' rise of
nearly 15% came as investors eagerly awaited its quarterly earnings
announcement tomorrow, expecting that the earnings will be larger
than previously thought.
Mormon News' research confirms that there are probably other
companies with Mormon management that we currently don't know about.
Our research uncovered several Utah companies which may have Mormon
executives, but which we were unable to confirm as of yet. If you
have any confirming information about the following companies, please
let me know:
FX Energy, Gertner Communications, Headwaters, Inc., Nature's
Sunshine, NPS Pharmaceuticals, Questar, SkyWest, Inc., Sonic
Innovations.
| Mormon Stock Index | | | 131.1972 | down 0.6606 |
| Company | Symbol | LDS Executive | Closing Price | Change |
| AES Corp. | AES | Roger W. Sant, Chairman | 58.0000 | down 0.6875 |
| Black &Decker | BDK | Nolan D. Archbald, CEO | 45.1500 | up 3.5250 |
| Caldera Systems | CALD | Ransom H. Love, CEO | 3.3750 | up 0.4062 |
| Computerized Thermal Imaging | CIO | Maj. Gen. Richard V. Secord (ret), Chairman and CEO | 2.4500 | down 1.2375 |
| Corvis Corporation | CORV | David Huber, CEO | 19.8125 | down 0.6875 |
| 1-800-Contacts | CTAC | Jonathan C. Coon, President &CEO | 34.9375 | up 4.4375 |
| Dell Computer | DELL | Kevin B. Rollins, Vice Chairman | 25.1875 | down 1.3125 |
| EarthShell | ERTH | Simon K. Hodson, CEO | 1.5938 | down 0.0312 |
| Franklin Covey | FC | Stephen R. Covey, Chairman | 8.1000 | down 0.0875 |
| Fonix | FONX | Steve Studdert, Chairman | 0.6875 | up 0.0469 |
| Host Marriott | HMT | Richard Marriott, Chairman | 12.8200 | down 0.9300 |
| Iomega | IOM | David J. Dunn, Chairman | 4.03 | up 0.41 |
| JP Realty | JPR | Several members of management team | 18.50 | up 0.50 |
| Knight Transportation | KNGT | Keith, Gary and Kevin Knight | 24.6875 | up 3.0625 |
| Marriott International | MAR | J.W. Marriott, Jr., Chairman | 45.41 | down 0.84 |
| Micrel Semiconductors | MCRL | Ray Zinn, Chairman and CEO | 43.0000 | up 0.1250 |
| Myriad Genetics | MYGN | Christopher L. Wight, VP, General Counsel | 64.0000 | down 0.3750 |
| Novell | NOVL | Stewart Nelson, COO | 8.1325 | down 0.1250 |
| NuSkin | NUS | Most of Management is LDS, including Chairman and CEO | 5.5600 | down 0.3775 |
| Oakley, Inc. | OO | Jim Jannard, Chairman &CEO | 20.7000 | up 1.3250 |
| Ryder Systems | R | Tony Burns, Chairman | 19.9500 | up 0.3875 |
| Cornerstone REIT | TCR | Glade M. Knight, Chairman &CEO | 11.04 | up 0.2275 |
| Ten Fold | TENF | Gary Kennedy, President and CEO | 2.6250 | up 0.1250 |
| Zions Bancorp | ZION | Harris Simmons, Chairman | 56.0000 | down 1.0000 |
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