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Strategies & Market Trends : KTEL-NEWS ONLY!!!

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To: Van Vo who wrote ()	12/3/1998 2:48:00 AM
From: Van Vo	of 40

K-Tel names Larry Kieves as president -- Tuesday November 3, 9:19 pm Eastern Time LOS ANGELES, Nov 3 (Reuters) - Online music retailer K-Tel International Inc said Tuesday that Larry Kieves is replacing David Weiner as president. A company spokeswoman said Weiner resigned in September to pursue other business opportunities. Kieves is new to the company, according to the spokeswoman. No further details were immediately available. K-Tel shares rose sharply on Tuesday, closing up 6-3/8 to 13-1/4 on Nasdaq following news that Playboy's online unit has teamed up with K-Tel to compete directly with industry leader Amazon.com (Nasdaq:AMZN - news). biz.yahoo.com

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