Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Hua who wrote (2576)	11/11/1998 7:58:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 3203

Article 5 of 200 Tech Stocks/Intel Outlook -3: CDNow, N2K Shrs Up >CDNW NTKI 11/11/98 Dow Jones News Service (Copyright (c) 1998, Dow Jones & Company, Inc.) Shares of K-Tel competitors CDNow Inc. (CDNW) and N2K Inc. (NTKI) also were up Wednesday after N2K Chief Executive Jon Diamond said on CNBC that the online music stores will have 1.2 million unduplicated customers once they complete their planned merger. Shares of CDNow were up 3 1/2, or 29.2%, to 15 1/2, while shares of N2K were up 3 1/4, or 34.9%, to 12 9/16. Shares of CyberShop International Inc. (CYSP) were up 2 3/4, or 30.3%, to 11 13/16, driven by expectations of robust online shopping during the holidays. Also up Wednesday were shares of GeoCities (GCTY), which earlier said it has agreed to acquire Starseed Inc., a provider of online member groups. The stock was up 1 3/8, or 3.2%, to 43 3/4. Finally, shares of Excite Inc. (XCIT) were up 2 1/16, or 4%, to 53 11/16 after the company said Bank One Corp. (ONE) plans to create a full-service financial center on its site. Other Web stocks were generally flat to lower. Shares of eBay were down 4 1/2, or 3.4%, to 126 3/8. The stock had surged from its close at 84 on Friday. Likewise, shares of Inktomi were down 2 7/16, or 1.9%, to 127 5/8 after the stock jumped from 105 Friday. Among other big names in the group, America Online Inc. (AOL) was down 1 1/4, or 0.9%, to 132 1/4. Yahoo was down 1 1/2, or 0.8%, to 175 1/16. And shares of Amazon .com Inc. (AMZN) were down 2 5/8, or 2%, to 129 1/8. Finally, shares of a newly public Internet company, EarthWeb Inc. (EWBX), shot to as high as 59 after the stock priced at $14. EarthWeb distributes online information to technology professionals. -Joelle Tessler; 201-938-5285 -Johanna Bennett; 201-938-5670 (END) DOW JONES NEWS 11-11-98 12:15 PM