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and the LDS Church

By Kent Larsen

MSI: NEW LOW: MSI Drops Over 17% After Terrorist Attacks

NEW YORK, NEW YORK -- Along with the broader stock indices, the Mormon Stock Index dropped quickly in the week following the terrorist attacks on the World Trade Center and the Pentagon. Most indices were down at least 10%; the Dow Jones Industrials were off more than 14% and the NASDAQ fell 16%, but the MSI dropped slightly further, by 17.4%. The drop leaves the MSI at its lowest point ever.

The MSI was started in June 2000, with its initial value set at 100 on January 1, 2000; based on the value of a basket of companies with Mormon executives as of that date. Since that time, the index has always remained above 100, reaching a high above 120, although it the last year it has slowly slipped, following the overall decline in stocks.

This past week the index was hit hard by several stocks. Airline SkyWest saw its stock price fall by nearly two-thirds, froma close of $31.65 the day before the terrorist attack to a close of just $11.25 Friday. Most airlines were also down sharply, but SkyWest was heavily hit because it is a regional airline, used by the major airlines to reach smaller cities. SkyWest claimed last week that it won't have trouble meeting its costs, will not layoff staff and isn't cutting its routes, unlike most of the major,national airlines.

Also hard hit was Host Marriott, the hotel property-owner. Unlike Marriott International, which runs its hotels under contract with the hotel's owners, Host Marriott not only saw the destruction of its hotel at the World Trade Center and shuttering of another hotel two blocks south of the center, but it also bears much of the risk of a decline in visitors to the hotels.

In addition, Cadence Design, Cygnus, Inc., Dell Computer, Marriott International, Micrel Semiconductor, Myriad Genetics, Novell, and Oakley were all down more than 20%. Six of the 35 stocks on the MSI were up for the week, led by Hollywood Entertainment and Monaco Coach, both of which were up more than 13.5%.

Mormon Stock Index			87.10	down 18.30
Company	Symbol	LDS Executive	Closing Price	Change
Affiliated Computer Services	ACS	Lynn Blodgett, Executive Vice President and Group President - Business Process Solutions Group	83.96	up 3.95
AES Corp.	AES	Roger W. Sant, Chairman	24.25	down 4.75
Avista Corp.	AVA	Gary Ely, Chairman	13.96	down 1.89
Black & Decker	BDK	Nolan D. Archbald, CEO	29.97	down 7.11
Bay View Capital Corp	BVC	Matt Carpenter, COO	6.55	down 0.50
Cadence Design	CDN	Raymond Bingham, President & CEO	15.70	down 4.30
Computerized Thermal Imaging, Inc.	CIO	David Packer, President & COO	2.24	up 0.04
Corvis	CORV	David Huber, CEO	1.76	down 0.24
1-800-Contacts	CTAC	Jonathan C. Coon, President & CEO	11.89	down 1.11
Cygnus Inc.	CYGN	John Hodgman, Chairman, President & CEO	5.23	down 3.18
Dell Computer	DELL	Kevin B. Rollins, Vice Chairman	16.63	down 5.94
Dionex	DNEX	A. Blaine Bowman, President & CEO	24.69	down 3.29
EarthShell	ERTH	Simon K. Hodson, CEO	2.31	down 0.54
Franklin Covey	FC	Stephen R. Covey, Chairman	4.00	no change
Hillenbrand Industries	HB	Frederick Rockwood, President & CEO	51.51	down 3.19
Hollywood Entertainment	HLYW	Mark J. Wattles, CEO	9.78	up 1.18
Host Marriott	HMT	Richard Marriott, Chairman	6.45	down 5.31
Iomega	IOM	David J. Dunn, Chairman	1.12	down 0.11
JP Realty	JPR	Several Mgmt Team Members,	19.91	down 1.53
Knight Transportation	KNGT	Keith, Gary & Kevin Knight,	18.15	down 2.45
Marriott International	MAR	J.W. Marriott, Jr., Chairman	30.00	down 10.85
Micrel Semiconductor	MCRL	Ray Zinn, Chairman and CEO	20.75	down 6.50
Monaco Coach	MNC	Kay Toolson, Chairman and CEO	12.60	up 1.51
Microsemi Corp.	MSCC	James Peterson, President & CEO	25.52	up 2.62
Myriad Genetics	MYGN	Christopher L. Wight, VP, General Counsel	26.10	down 16.22
Novell	NOVL	Stewart Nelson, COO	3.10	down 0.89
NPS Pharmaceuticals, Inc.	NPSP	James Jensen, VP of Corp. Devel. and Legal Affairs Sec.	28.70	down 3.80
NuSkin	NUS	All Mormon Mgmt,	7.17	up 0.22
Oil States International	OIS	L.E. Simmons, Chairman	6.90	down 1.43
Oakley	OO	Jim Jannard, Chairman & CEO	10.70	down 3.35
Ryder Systems	R	Tony Burns, Chairman	17.70	down 3.27
Sky West Airlines	SKYW	Jerry Atkin, Chairman & CEO	11.25	down 20.40
Swift Transportation	SWFT	Jerry Moyes, Chairman & CEO	16.61	down 3.23
Cornerstone REIT	TCR	Glade M. Knight, Chairman & CEO	10.59	down 0.11
Zions Bancorp	ZION	Harris Simmons, Chairman	51.62	down 2.42

The following companies do not meet the $100 million capital requirement for inclusion in the Mormon Stock Index:

• Buyer's Online (BUYO.OB)

• Caldera Systems (CALD)
• Fonix (FONX.OB)
• Geneva Steel (GNVH)
• I-Link (ILNKC)
• MITY Enterprises (MITY)
• Metalclad (MTLC)
• NX Networks (NXWX)
• Ten Fold (TENFC)
• Wade Cook Financial (WADE.OB)
• Washington Group Intl (WNG)

Please Help Us Confirm Other Mormon Companies:

Mormon News' research confirms that there are probably other companies with Mormon management that we currently don't know about. Our research uncovered several 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 (Utah)
• Gertner Communications (Utah)
• Headwaters, Inc. (Utah)
• Nature's Sunshine (Utah)
• Questar (Utah)
• Sonic Innovations (Utah)

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