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Business News
| Does LDS Businessman David Huber Have a Success Secret? |
| Normally, people would scoff at the idea that a
company with no revenues, but boasting a secret product, would be
valued at $37 billion shortly after going public. But David Huber,
founder and CEO of Corvis, has has made Wall Street investors rich in
the past, and they expect him to do it once again. The LDS
businessman has inspired confidence in investors that his company's
secret optical networking product will be irresistible. |
| Corvis Gyrations Continue, Push Mormon Stock Index Down in Up Market |
| 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. |
Other Business News
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