K-Tel (KTEL) Have the cheesy '70s records come to an end? Message Board

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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?

KTEL 0.260

+1.9%

Dec 3 3:48 PM EST

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To: DarrenS who wrote (61)	4/15/1998 11:43:00 AM
From: Louis Riley	of 3203

OK, I finally have a minute to recap what CEO David Weiner said this morning on CNBC: KTEL has a 35 year history of direct marketing. The are a global business with large operations in the US and Western Europe. They have one of the largest and most diverse song catalogs in the business, controlling over 3500 top 100 hits. He personally controls 213,000 shares of stock via options.. He views music etailing as an emerging growth business and sees the web now where TV was 30 years ago. Cited studies that project global direct response music sales may grow more than ten-fold from $135MM this year to $1.5BB through the year 2001. Will use their global TV marketing clout to drive net sales. They have spent over a year building the infrastructure required for their web launch on May 1. They have also recently completed building out direct sales capability in Finland, Germany, France, Luxemberg, Switzerland, and Austria. Louis Riley Host of "Louis Riley's Think Tank" sitn.com

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