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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: craig crawford who wrote (2672)	11/17/1998 11:34:00 AM
From: Anthony@Pacific	Respond to of 3203

Ktel to Zero....they bit off way too much to chew.....Apparantly noone has Bloomberg except for me??

To: craig crawford who wrote (2672)	11/17/1998 11:35:00 AM
From: TokyoMex	Read Replies (2) \| Respond to of 3203

Better dump it ,, K-Tel Faces Delisting by Nasdaq, Says It Will Seek Hearing K-Tel Faces Delisting by Nasdaq, Says It Will Seek Hearing Los Angeles, Nov. 17 (Bloomberg) -- K-Tel International Inc. said it's been notified by the Nasdaq stock market that it fails to meet the minimum tangible net asset requirement for trading on the national market and faces delisting. The Internet music retailer requested a hearing before the Nasdaq listing qualifications panel to obtain a temporary extension to the requirements and a chance to raise additional capital to meet them. ''There is no assurance the company will be successful in its attempt to remain listed on the Nasdaq stock market,'' the company said in its quarterly filing with the Securities and Exchange Commission. In the first fiscal quarter ended Sept. 30, K-Tel's loss widened to $3.1 million, or 37 cents a share, from $1.2 million, or 15 cents, a year earlier. It had negative cash flow from operations of $4.9 million in the period. The company said it had $72,742 remaining in a revolving credit line on which it had already borrowed $5.2 million. The company said ''it expects to be out of compliance with the tangible net requirement (of the credit line) until the company achieves the necessary level of profitable operations, obtains an equity placement infusion or further modifies the covenants.'' It said it had amended some covenants on the credit agreement and had received waivers on others. Minneapolis-based K-Tel's stock rose 1 to 18 5/8 in mid- morning trading. It had been has high as 21 1/4 earlier.

To: craig crawford who wrote (2672)	11/17/1998 11:50:00 AM
From: Paul A	Respond to of 3203

what I find really amazing about KTEL is its still being played.. I actually just hit it for a point in 1 minute as it bounced off the selloff.. Yeah, im nutz but I was betting that it would still be played regardless and I was right.. People will be trying to trade this thing even when the company is completely shut down.. I cant believe it, but I could really care a less.. 100k lined up on the bid as we speak.. im done once again.. seeyaa!