We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?
KTEL 1.165-11.7%Jan 24 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike M who wrote (2638)11/13/1998 8:02:00 AM
From: Tom Hua  Read Replies (2) of 3203

Similar concerns were cited about K-Tel, which sells classic rock compilations, and has more than
doubled since Tuesday, when it announced its online music and home video service would be featured
on the Microsoft Network Shopping Channel. Although K-Tel stock retreated $4.625 to $28 on Nasdaq
on Thursday, it has held onto most of the gains associated with the Microsoft deal.

It is a deal some industry experts say the average investor doesn't understand. They say simply forming
an alliance with an industry leader like Microsoft is by no means a guarantee of success.

''We did that exact same deal with Microsoft, and we didn't even think it was worth announcing in a
press release,'' said the president of another online retailing business, who asked not to be named.
''Microsoft doesn't exactly have the No. 1 trafficked Web site.''
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext