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Ticker Talk

May 21, 1998|Bloomberg News

* Department of No Surprise: Corporate insiders at K-Tel International, the recorded-music marketer whose shares became an instant hit last month after the company announced plans to sell its music via the Internet, are taking profits. Chairman Philip Kives, President David Weiner and four other executives filed to sell 593,489 shares this month, according to insider data compiled by the Washington Service.

K-Tel stock rocketed from $7 to $39 on its Internet plans. The stock has since pulled back to $24.50 on Nasdaq.

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