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

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To: Van Vo who wrote ()12/3/1998 2:49:00 AM
From: Van Vo   of 40
 
Nov 03, 1998 (6:13 PM ET) - The Motley Fool Evening News

Investors always seem to be looking for a reason to pump up the stock of entertainment and consumer products
retailer/direct marketer K-tel International (Nasdaq:KTEL - news) . They did just that today as shares of
K-tel exploded, leaping ahead $6 3/8 to $13 1/4 after reaching as high as $17 7/8 this morning, as the
company announced a partnership with Playboy Online (this particular site is rated PG, it turns out) to create a
co-branded online music store within Playboy.com. The "Playboy/K-tel Music Store,'' which will include
technology for making customized CDs, is expected to be ready for holiday shoppers. The manic-depressive
history of K-tel's stock price has been Fool-ly documented: Check out a Daily Double from April and a Daily
Trouble from June, for starters. Playboy Enterprises (NYSE:PLA - news) bounced up $1 3/16 to $16 today.

fnews.yahoo.com
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