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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?


To: DD™ who wrote (220)4/17/1998 9:13:00 PM
From: Robert Hoagland  Read Replies (1) | Respond to of 3203
 
This is funny. Wouldn't you like to know the real story?

April 16, 1998--Anthony Elgindy, Chief Analyst of Key West, stated today,
''Although KTEL has announced plans to offer their products via the Internet, this hardly supports an increase of 300% in market capitalization. When the hysteria dies down and the volume dries up, the stock should settle to a more appropriate range between $5 and $7. This could happen very quickly based on earning and book value.''

April 17, 1998--Anthony Elgindy, Chief Analyst of Key West, stated today, ''We have decided that we should reverse our position based entirely on the market's evaluations of KTEL's competitors on KTEL
shares and we believe that, although this sector is overbought, KTEL shares represent the best value of all the competitors. We believe that KTEL shares could actually trade in the $30 to $50 range and still remain a good value for long-term holders. We now rate KTEL as a BUY on market dips.''