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 0.251

-7.7%

Nov 13 10:10 AM EST

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To: AlanH who wrote (2380)	9/29/1998 9:27:00 PM
From: Jose Matos	Read Replies (1) of 3203

Ktel reports a loss. I'm shocked. Furthermore, Mr. Kives states "Although Internet sales are not yet a significant part of our business revenue, we do believe the prospects for K-tel Express and e-commerce in general are encouraging. However, the success of our online marketing cannot be currently determined, and further participation in this market will require substantial additional financial resources, development and acquisition of technology, investments in marketing, and contractual relationships with third parties.". He must be the CEO or some financial wizard. Wasn't this obvious 6 months ago when the internet venture was praised as the answer to exponential growth due to their superior brand recognition. If this isn't doesn't scare the fleas off this dog, I can only hope for some of whatever wacky weed that KTEL longs are smoking. Regards. Jose.

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