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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: Gary Ku who wrote (2492)	11/10/1998 8:21:00 PM
From: Tom Hua	Read Replies (6) \| Respond to of 3203

Gary, it's mistaken to think every e-commerce stock is a potential amzn, it just ain't so. Although Ktel Express was launched in May with all the big commotion that drove its stock up to the moon, online sales from Ktel Express were insignificant, per the company CEO/Chairman. CDNW and NTKI combined have all the major portals locked up (Yahoo, Excite, AOL, Lycos, Infoseek, Disney, Netscape, Ticketmaster, VH-1, etc...) and they are still having a tough time competing against AMZN. CDNW/NTKI are paying tens of millions of dollars each year to become the online music sellers on those sites, only to find out that sales will probably never make up for the advertising/marketing costs. Already, NTKI is defaulting on its $12 MM payment to Ticketmaster. How much money does Ktel have? In the end the party that benefits from today's announcement is MSFT. Another thing to keep in mind is that AMZN is followed by about 20 WS analysts, KTEL has absolutely no WS following, other than one or two unknown "analysts" who occasionally do a P&D job on this stock. KTEL will continue to have wild swings in the next couple of days, but give it a week or two, KTEL will likely be in the single digits again. It's just a game of musical chair with this P&D stock. When the game is over, some people will get hurt badly. Regards, Tom PS: I did short a bundle at 28 5/8. It wasn't fun watching the screen in the 2 mins after my order was filled. But the last 15 min of traing was fun.