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  September 5, 2001
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Home > Company Index > Financial Services > Asset Management > FMR Corp.

FMR Corp.
 PROFILE
FMR, aka Fidelity Investments, is a financial services conglomerate with interests in mutual funds, life insurance, banking, and retirement services. Fidelity, the #1 mutual fund company worldwide, manages some 290 funds for nearly 17 million customers. FMR also has investments in telecommunications (COLT Telecom Group), real estate (Boston World Trade Center), and job placement service J. Robert Scott. Edward Johnson formed Fidelity Management and Research in 1946 as the investment adviser to the Fidelity Fund. FMR is still controlled by the Johnson family, including CEO Ned, the founder's son, and granddaughter Abigail, who owns about 25% of the firm.

 COMPETITION
The Charles Schwab Corporation (SCH)
T. Rowe Price Group, Inc. (TROW)
The Vanguard Group, Inc. (dossier)

 DEALS
Deal: FMR Takes Additional Stake in Covad
Date Announced: 09.13.00
Value of transaction (US $Mil): 0
Description: Investment company raises stake in digital-subscriber-line service provider to 11.6 percent.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 11,100.00
1-Yr. Sales Growth: 25.5%
Employees: 29,600
Revenue per employee: $375,000.00

 KEY PEOPLE
• Edward C. Johnson
    CEO
• Stephen P. Jonas
    CFO

 CONTACT INFO
82 Devonshire St.
Boston, MA 02109
US
Phone: 617-563-7000
Fax: 617-476-6150
Online: Web Site

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