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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: marion (Hijacked) who wrote (2800)	11/20/1998 2:34:00 PM
From: zax	Read Replies (1) \| Respond to of 3203

Two more law firms have filed suits I think we are graduating way too many lawyers from our schools. The stock is still performing quite well for the year and before even a real collapse happens the vultures are circling. Even some on this thread. Really is a shame. I remain optimistic for the long term prospects for this company. -- Eric

To: marion (Hijacked) who wrote (2800)	11/20/1998 6:32:00 PM
From: marion (Hijacked)	Read Replies (1) \| Respond to of 3203

Another one..... K-TEL International, Inc. Overstated its Revenues According to a Lawsuit Filed By Berman DeValerio & Pease LLP Boston, Nov. 20 /PRNewswire/ -- Berman, DeValerio & Pease LLP Boston's largest securities class action firm announced today that a class action was filed in the United States District Court for the District of Minnesota on behalf of all persons and entities who purchased the common stock of K-Tel International, Inc. (Nasdaq: KTEL) during the period October 13, 1998 through and including November 17, 1998 (the "Class Period") and who suffered losses on their investments. The action charges that K-Tel and certain officers and directors of the Company violated provisions of the Federal Securities Laws. The Complaint charges that the defendants issued a series of material false and misleading statements and failed to disclose that K-Tel had fallen below the minimum tangible net asset requirement for being listed on the NASDAQ Exchange. This crucial news was concealed from investors. The Company had been warned that it was to be delisted from the NASDAQ National Market, even as K-Tel's stock was being run-up based upon a public relations campaign orchestrated by the Company to herald its "partnerships" with Playboy and Microsoft and create interest in a secondary offering or private placement. Because of the issuance of these false and misleading statements, the price of K-Tel's common stock was artificially inflated trading as high as $39.125 during the Class Period. The Complaint alleges that on November 17, 1998, K-Tel disclosed that in October it had received a warning letter from the NASD regarding delisting. When news of the NASDAQ letter and the Company's longstanding knowledge about it was made public on November 17, 1998, the price of K-Tel stock dropped from $17 5/8 to less than $10.00 per share in just two trading days. If you purchased K-Tel common stock during the period October 13, 1998 through November 17, 1998 and suffered a loss on your investment, you may wish to contact the lawyers at Berman DeValerio to discuss your rights and interests: Norman Berman, Esq. Jeffrey C. Block, Esq. Donald F. Campbell, Jr., Senior Paralegal Berman, DeValerio & Pease LLP One Liberty Square, Boston, MA 02109 E-Mail: bdplaw@bermanesq.com. 800-516-9926

To: marion (Hijacked) who wrote (2800)	11/20/1998 6:35:00 PM
From: marion (Hijacked)	Respond to of 3203

And another.... Abbey, Gardy & Squitieri, LLP Announces Securities Suit Filed Against K-TEL International, Inc. NEW YORK, Nov. 20 /PRNewswire/ -- The following statement was issued today by the law firm of Abbey, Gardy & Squitieri, LLP: A Class Action has been commenced in the United States District Court for the Southern District of New York on behalf of all persons who purchased K-TEL International, Inc. ("K-Tel") (Nasdaq: KTEL) securities from November 3, 1998 through November 17, 1998 (the "Class Period"). The Complaint charges K-Tel and certain of its officers and directors with violating the federal securities laws. Among other things, plaintiff claims that defendants artificially inflated the price of K-Tel common stock by issuing a series of false and misleading statements and press releases to conceal that K-Tel had been warned that it was to be delisted from the Nasdaq National Market. Plaintiff seeks to recover damages on behalf of all persons who purchased K-Tel securities during the Class Period, excluding the defendants and their affiliates. Plaintiff is represented by Abbey, Gardy & Squitieri, LLP, a law firm with extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud. It you are a member of the class described above, you may, not later than January 18, 1999, move the court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please CONTACT: Lee Squitieri, Esq. Stephen J. Fearon, Jr., Esq. Abbey, Gardy & Squitieri, LLP 212 East 39th Street New York, New York 10016 TELEPHONE: 800-889-3701 or 212-889-3700 FAX: 212-684-5191 E-MAIL: sfearon@a-g-s.com or lsquitieri@a-g-s.com SOURCE Abbey, Gardy & Squitieri, LLP CO: Abbey, Gardy & Squitieri, LLP; K-TEL International, Inc. ST: New York IN: CPR SU: LAW 11/20/98 17:58 EST prnewswire.com