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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?
KTEL 1.720+1.2%Aug 11 4:00 PM EDT

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To: Anthony@Pacific who wrote (2670)11/17/1998 11:27:00 AM
From: Pravda  Read Replies (2) of 3203
 
KTEL's real deal with Playboy

From the 10-Q:

"In accordance with the agreement, the Company is required to make guaranteed monthly payments totaling $900,000 over the initial two year contract term that will be used to offset royalties to Playboy Enterprises, Inc."

Yes, I am short KTEL.

Pravda
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