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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: Altaf Amin Jadavji who wrote (604)	4/21/1998 4:54:00 PM
From: Mr Metals	Read Replies (2) \| Respond to of 3203

cnnfn.com But the bubble in Internet stocks could burst. "All these stocks work in waves," Blodget said. "What goes up fast can easily go down fast. But the people who are putting money into K-Tel aren't looking for numbers, but they are playing a stock that is on fire." Words like "absurd" and "ridiculous" have been popping up in comments of many seasoned Wall Street watchers, who say Internet stocks can't justify their sky-high earnings multiples. Other less vituperative analysts say it's just indicative of a new paradigm in play in the markets with Internet stocks. Even electronic commerce devotees say K-Tel's rise may be a bit of a flash in the pan because the music-selling site isn't up yet, so it's tough to project what sales will be. "This is insanity," said Melissa Bane, an e-commerce analyst at Yankee Group, a hi-tech research firm based in Boston. "If this is a reflection of the company going on the Internet and the company doesn't even have a site yet, this is insanity. Mr Metals