NIST Stock Study of Malcolm Baldrige

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NIST 2004 Stock Study of Malcolm Baldrige National Quality Award Recipients Date of Investment Whole Company Recipient or Parent (Subsidiary Recipient) AT&T Business (AT&T Consumer Communications Services) Verizon (GTE Directories) Armstrong World Industries (Building Products Operations) Corning Incorporated (Corning TPD) Dana (Commercial Credit) 3M (Dental Products Division) Merrill Lynch (Credit) Solectron Xerox (Business Services) Boeing (Airlift & Tanker Programs) Solar Turbines, Inc. Marriott (The Ritz Carlton Hotel ) STMicroelectronics, Inc. Dana (Spicer Driveshaft Division) Motorola (CGISS) The Boeing Company (Aerospace Support) Caterpillar (Financial Services Corp. U.S.) Baldrige Award Recipients S&P 500 Stock Purchases Price 54.5 30.5 58.875 25.75 29.875 92.1875 69.75 40.875 79.875 40.375 51.9375 33.125 125.4375 17.25 11.90 37.60 76.25 $ Invested 159.26 41.88 118.25 36.41 11.27 9.90 16.51 1000.00 149.54 36.91 95.16 96.53 92.52 39.87 137.48 79.48 10.34 2131.30 2131.30 December 1, 2004 Close Price 18.61 41.60 3.08 12.84 17.00 80.45 57.04 6.54 15.43 54.70 92.65 57.88 20.20 17 19.75 54.70 92.65 $ Value 20.95 76.62 6.19 63.67 6.41 17.28 27.00 640 57.78 50.01 169.75 168.66 44.70 39.29 228.17 115.62 12.56 1744.53 2889.54 % Change -86.84 82.95 -94.77 74.86 -43.10 74.54 63.56 -36.00 -61.36 35.48 78.39 74.73 -51.69 -1.45 65.97 45.48 21.51 -18.15 35.58 11/1/94 11/1/94 11/1/95 11/1/95 11/1/96 11/3/97 11/3/97 11/3/97 11/3/97 12/1/98 12/1/98 12/1/99 12/1/99 12/1/00 12/2/02 12/1/03 12/1/03 Totals

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