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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: freeus who wrote (4148)9/28/2000 12:09:35 AM
From: D.B. Cooper  Read Replies (1) of 65232
 
I hate to interrupt, but for you people hanging on with the LTB&H strategy it might be a little late
Wednesday September 27 3:11 PM ET
K-tel Delisted From Nasdaq

MINNEAPOLIS (AP) - Shares of music retailer K-tel International were delisted from the Nasdaq Stock Market on Wednesday, because the company no longer meets minimum requirements.

Nasdaq guidelines specify that companies must be worth at least $50 million and have $15 million in stock on the market.

It was the second time the company had been notified that it would be delisted from the market. It appealed the first decision.

K-tel stock closed down 5 percent on the Nasdaq on Tuesday at $1.19 a share. The stock will continue to be traded over-the-counter.

After filing for bankruptcy in 1984, the Minneapolis-based company slowly rebuilt itself until it announced in 1998 that it was reinventing itself as an Internet retailer.

Stock prices soared initially, but fell off again. The company fired 123 people in July in an attempt to stave off increasing financial losses
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