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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: Bob Trocchi who wrote (3145)	6/17/1999 4:29:00 PM
From: StormRider	Read Replies (1) \| Respond to of 3203

K-tel's distribution boogie Shares jump 20%; online store signs pacts By Myra P. Saefong, CBS MarketWatch Last Update: 2:52 PM ET Jun 17, 1999 Movers & Shakers NewsWatch MINNEAPOLIS (CBS.MW) -- Shares of K-tel International Inc. jumped 20 percent Thursday after the company announced it has entered into several distribution agreements that would support its on-line store. The agreements will leverage K-tel's (KTEL: news, msgs) custom CD capabilities and proprietary music library. Shares of K-tel jumped 1 3/16 to 7 1/8. The distribution partners are all large e-commerce sites, including Looksmart.com, a leading San Francisco-based internet portal, and BrandsForLess.com, the world's premiere "e-partment store." Prodigy Internet, a division of internet service provider Prodigy Communications (PRGY: news, msgs), is also a partner in the deal. K-tel's On-line Store retails music, videos, DVDs and customized CDs. "Our goal is to leverage our knowledge of direct marketing and consumer tastes by providing our partners with an effective turnkey e-commerce music package," said Philip Kives, chairman and chief executive officer of the integrated developer and marketer of entertainment products. ******************************************************************** Make that a 40+% move today...