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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: Van Vo who wrote (1665)5/5/1998 5:33:00 PM
From: James Nephew  Read Replies (2) | Respond to of 3203
 
I woke up this morning after the most wonderful dream. In this dream Ktel is going to buy this other little Minnesota company called "Musicland", or something like that.

"Now sure, that's likely", you say, "Musicland (MLG)has 1997 revenues in the neighborhood of $1.7 billion with $900 million of that in music sales alone, while Ktel has 74 million in 1997 revenues in "music" sales."

But you would be forgetting, Ktel is selling THEIR music over the internet! And when Ktel hits 100, they will have the same market cap as Musicland!

So in this dream Ktel's Philip Kives hops in his car there in Plymouth and drives ten miles down the road to Hopkins to Musicland and offers a swap - Ktel, web site and 75 million in revenue for Musicland with 1300 stores and 1.7 billion in revenue. And the board at Musicland agrees! They just feel certain Ktel is going to 200!

Did I mention one of their board members is from Reno?

Now I'm not saying this is a prediction, but stranger things have happened in the last 3 weeks.

It's a great time to be long KTEL!

Jim :)