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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Susan Saline who wrote (17228)11/12/1998 8:54:00 PM
From: Ron McKinnon  Read Replies (1) of 53068
 
KTEL earnings
(or lack of same)--so sad

snippits:

Net sales for the three months ended Sept. 30, 1998, were $18 million, compared with $25 million for the comparable quarter of fiscal 1998

K-tel reported a net loss of $3.1 million for the first quarter of fiscal 1999, or a loss of 37 cents per basic and diluted share, compared with net income of $1.2 million, or 16 cents per basic share and 15 cents per diluted share, for the first quarter of fiscal 1998.

Contributing to the loss for the period was a $1.6 million charge incurred by the company when it discontinued marketing and distribution activities of certain marginal business lines, including its retail home-video product line, and write-offs of remaining assets from its curtailed third-party media-buying operation.

we continue to explore -----sources of capital to fund the expansion of K-tel Express.''

The company noted that although it continues to pursue e-commerce opportunities, the success of online marketing cannot be currently determined.

Achieving further participation in this market will require substantial additional financial resources, including funding from outside resources

now, I wonder when we will find out how many shares insiders sold in the last few days
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