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Business News
Hollywood Entertainment Fighting Investor Fears |
Mark Wattles, the LDS CEO of video rental chain
Hollywood Entertainment, is fighting misconceptions among investors
and trying to lift his company's stock price. Over the past two weeks
Hollywood Entertainment's stock has fallen more than 25% after rival
Blockbuster devalued its inventory because of the increasing
popularity of DVDs. Investors have assumed, erroneously according to
Wattles, that Hollywood Entertainment needs to devalue its inventory
also. |
MSI Was Down Ahead of World Trade Center Tragedy |
The Mormon Stock Index was down 1.0% on Monday,
the only day stocks were traded last week due to the tragic attack on
the World Trade Center. The index was down while most broader market
indices were even or up slightly. The MSI was kept from falling
further by a nearly 5% rise in Dell Computer. |
Other Business News
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