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To: Night Writer who wrote (36583)11/14/1998 11:34:00 PM
From: Night Writer  Respond to of 97611
 
******OT********
K-tel is down, but is it out?
by Frank Barnako CBS MarketWatch

K-tel needs money after posting loss

K-tel International (KTEL) shares tumbled 27 percent Friday after
the music e-tailer reported it lost almost $3 million, or 37
cents, in the first quarter, saying its Internet commerce strategy
needs "substantial additional financial resources, including
funding from outside resources." The company's loss compares to a
profit of $1.3 million, or 15 cents a share, the same period a
year ago. K-tel's statement said the current e-commerce effort
produced a loss of $600,000 in the period. Philip Kives, K-tel's
chairman and chief executive officer, said, "The company continues
to refocus and position itself to be a prominent long-term
strategic player in the e-commerce arena. We are eliminating
certain marginal business lines and focusing on existing
profitable business units which have natural synergies with our
e-commerce operations."



To: Night Writer who wrote (36583)11/14/1998 11:42:00 PM
From: Night Writer  Read Replies (1) | Respond to of 97611
 
Wow, the option action is not all Covered Calls.
" Other option volume leaders included Cisco, General Electric (NYSE:GE), IBM (NYSE:IBM) and Yahoo! (NASDAQ:YHOO). All of the foregoing companies saw heavy volume on their respective put contracts."
NW

CoveredCall.Com Announces the Week's Actively Traded Stock Options

HOUSTON--(BUSINESS WIRE)--Nov. 13, 1998--This week's option trading was highlighted by active stock option trading in several securities, according to CoveredCall.Com, an Internet-based stock information service.

The following stocks had active stock option volume this past week: Monday's trading on the Chicago Board of Options Exchange found a lot of activity for several companies, one of which was Excite, Inc. (NASDAQ:XCIT), which announced Excite Express Order, a simple e-commerce purchasing solution that lets users buy merchandise from retailers on Excite. Other option volume leaders included Cisco, General Electric (NYSE:GE), IBM (NYSE:IBM) and Yahoo! (NASDAQ:YHOO). All of the foregoing companies saw heavy volume on their respective put contracts. Of these, only Cisco and GE closed the week lower.

On Tuesday the markets saw high option volume in Dell Computer, Microsoft (NASDAQ:MSFT), Intel and Chrysler (NYSE:C). On Tuesday, Intel (NASDAQ:INTC) said that due to strong demand for personal computer products it expects fourth quarter revenues to be higher than previously expected.

Wednesday's trading saw much of the same as far as actively traded options with Dell, Intel, and Microsoft leading the way. However, Weatherford International (NYSE:WFT), which reported earnings mid-day Thursday, was also among the most actives. Other actively traded options included AOL (NYSE:AOL), Cisco (NASDAQ:CSCO), Compaq (NYSE:CPQ), Lear Corp. (NYSE:LEA) and AirTouch Communications (NYSE:ATI).

Thursday once again found Dell and Microsoft on the most active list. Speculation ran on Dell (NASDAQ:DELL) all week due to anticipation of its earnings report which was announced after the close on Thursday. Dell announced that its third-quarter profit rose 55 percent. Kimberly-Clark (NYSE:KMB), Citigroup (NYSE:CCI), Ascend (NASDAQ:ASND), Telebras (NYSE:TBR) and Texas Instruments also found themselves on the most active charts. Texas Instruments (NYSE:TXN), in a joint announcement with Epigram, announced an arrangement which will result in products that will provide high-speed network access through home telephone lines.

Wrapping up the week, on Friday we found Dell and Microsoft on top of the most active option trading lists again along with MCI WorldCom (NASDAQ:WCOM) and Johnson & Johnson (NYSE:JNJ).

The foregoing was provided courtesy of CoveredCall.Com. Visit CoveredCall.Com on the web at coveredcall.com