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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: Rajiv who wrote (2596)	11/11/1998 9:01:00 PM
From: Secret_Agent_Man	Respond to of 3203

that does not sound good, I hope for those that are in the #'s are at least ok...If they are not...oh well... I have no position but, the timing of all this well just seems ominous...Yet KTEL was the Strongest of all the Net stocks today one other that managed to gain today was ONSL also of which I have no position. <"Goldman Sachs is having an internet stock conference on Friday"> I doubt if Goldman's, DELL, or anyone else can save the net this week a bearish engulfing is on all of the net stocks technically speaking. The run across the net was basically halted. With the fed meeting around the corner, this market will correct a bit in an effort to persuade the feds to ease which, just may not come... The market will be on hold til then and slick willie, may also have some games to play in Iraq, which may also put a damper on markets...

To: Rajiv who wrote (2596)	11/11/1998 10:21:00 PM
From: Tom Hua	Respond to of 3203

Rajiv, thanks for the reminder. I look forward to reviewing their balance sheet and operation results. Revenues declined 12% in Q3 (ended 3/31/98 vs. 3/31/97) and declined 14% in Q4. Earnings turned into losses. Debt increased from $2.7 MM in Q3 to $3.7 MM in Q4, and Accounts Payable also shot up from $4.7 MM in Q3 to $7.4 MM in Q4. Regards, Tom