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 Technology Stocks | N2K: music entertainment on the web (NTKI)

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To: Ronald A.Christopher who wrote (254)6/8/1998 10:15:00 AM
From: Platter   of 560
 
NTK Inc (NTKI) 20 1/4 +7/8: Merrill Lynch initiates coverage of online music retailer with a near-term "accumulate," long-term "buy." Volume 74K. From Briefing.com

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To: Platter who wrote (255)6/8/1998 3:09:00 PM
From: Platter   of 560
 
NTK INC (NTKI) 19 13/16 +7/16. Merrill Lynch analyst Jonathan Cohen is chasing the shares of online music retailer NTK Inc. By chasing, we mean that the analyst is using the stock's recent, sharp decline in price as a primary reason for taking a position in this name, today initiating coverage of NTKI with a near-term "accumulate, long-term "buy" rating. Just six weeks ago, NTKI shares were trading at a 52-week high of $34.625. But under the weight of a secondary offering and general market concern that Internet stocks had outrun their fundamentals (even under the rosiest of assumptions), the stock was cut in half. In this case, however, Mr. Cohen is of the opinion investors have tossed the baby out with the bath water. His feeling is that investors have failed to differentiate NTKI from other online vendors who sell essentially commodity products (e.g. CDNow, Amazon.com). While CDs are certainly a commodity product, Mr. Cohen believes that NTKI's proprietary content and loyal online community give the company a competitive advantage. Moreover, the analyst believes NTKI has done an excellent job of putting its name in front of consumers by securing some of the most critical real estate on the Web. Bear Stearns is also very high on this stock, initiating coverage of NTKI in late-April with a "buy" rating and a price target of $45 a share versus the $30 price target established today by Merrill Lynch. (See April 28 Story Stock for more on the Bear Stearns move). FROM BRIEFING.COM


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To: Platter who wrote (256)6/9/1998 11:25:00 AM
From: Neal davidson   of 560
 
someone from NTKI's management appeared on CNBC this morning. Did anyone see him? I would like to hear how the interview went. The stock is not reacting as if the interview went all that well.

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To: Neal davidson who wrote (257)6/9/1998 12:09:00 PM
From: oexwa   of 560
 
Neal, The CEO was on Squawk Box this morning. Mark Haines asked him about margins and competitors. He tried to differentiate NTKI from the others, but didn't get a lot of time. I got the impression he was late for his interview and that may have cost him some points. The guest analyst asked a couple of questions that I assume showed a negative bias on his part, also. On the positive side, they kept announcing that NTKI was not KTEL. Overall impression - neutral to slightly negative.

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To: oexwa who wrote (258)6/9/1998 12:35:00 PM
From: Neal davidson   of 560
 
Thank you oexwa...I wish the CEO had been able to present a better picture. He should have known that Mark Haynes would ask about margins, earnings and other financial questions. Haynes always goes for the throat with the small internet companies. I have seen a few CEO's successfully counter the criticisms, so I know it can be done with the proper preparation.

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To: Neal davidson who wrote (259)6/9/1998 3:19:00 PM
From: HerbertOtto   of 560
 
N2K - Advertising Revenue Model

When I see all the new online CD retailers emerge, I am happy I sold my CDNW at 25. Simple online CD retailing is just a commodity business.

The reason I am investing in NTKI has to do with their online presence. I am a jazz fan, and I keep bumping into N2K no matter what music path I take on the web. Whether radio stations, artists, latest jazz news, N2K has a connection to what I am interested in. The others may be competing at the low end, for people trying to save quarters, but for me, I have already developed a loyalty for N2K and its efforts, and will spend my money with them.

To the extent that other music lovers react like I, N2K will be able to use its online 'real estate' for advertising. That will put it more into the arena of the search engines - the Advertising Revenue Model.

I was happy to see Jonathan Cohen from MER single out N2K for an upgrade. He also sees something special and different about N2K, that makes it more valuable than the rest.

It will be interesting to see what happens to NTKI stock when it gets back to the 50 dma at 24 1/2. I of course, am hoping it will catch fire... like AMZN and XCIT.

Good luck,
Herbert

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To: HerbertOtto who wrote (260)6/10/1998 4:14:00 PM
From: George Gotch   of 560
 
I agree. You have all these knucklehead analyst and such saying that this is going to be a commodity business and yet they say Amazon in immune. What a bunch of crap. Like everyone and their mother is going to be selling CD's on the net. What they forget is web presence. Sure, I can set up a web site and sell CD's but without a connection to the right portal like NTKI has, it would be like setting up a record store in Syberia. Plus, are they forgetting about the pure growth of the web?

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To: Gokhan Gezmisoglu who wrote (242)6/22/1998 10:48:00 AM
From: Kip518   of 560
 
Gokhan, covered my NTKI shorts way too early, though at a nice profit. Got back in this morning at the openning. NTKI looks to retest recent lows. You still in there? Kip

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To: Kip518 who wrote (262)6/24/1998 2:50:00 PM
From: Platter   of 560
 
N2K Inc. (NTKI) 20 +1 1/2: Volpe Brown initiates coverage of Internet music retailer with a "buy" rating...


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To: Platter who wrote (263)6/24/1998 8:18:00 PM
From: Kip518   of 560
 
NTKI short interest up 16.3% in June to 1,037,849 shares from 892,405 shares in May.

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