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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: Louis Riley who wrote (1715)	5/6/1998 8:53:00 AM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 3203

Louis, I'd love to "harp" on your statement: <Funny how none of the naysayers ever harp on the fact that CDnow was started in some guy's garage just four years ago...and now has almost a half billion market cap.> See Lou, there's this thing called competition. There are real people behind these stocks who have to make real world decisions. Do you understand that KTEL's management team has to COMPETE against other management teams for sales? And that part of a company's market cap is "quality of management"? Since you brought up CDNow's youth, well... Young company, sure. Young management team, sure. Doesn't matter in the least because these guys look like they'll be among the winners. And guess what? The market cap reflects that. Compare that to KTEL. Management's core competency is marketing. They have been in business for several decades. They come up with that site. THAT SITE! Lou, you do understand that these management teams will all be competing against each other right? There will be winners and losers in large part based on one or more management team's ability to outthink the others. See, I think part of the problem, is that IMHO, your idea of "competition" seems to be the following: 1) be long 2) issue press releases 3) watch stock go up 4) claim victory Sir, that's not trading. That's "trading". Good "trading", Tom