NEW YORK, Feb. 15, 2000 (PRIMEZONE) -- The following is being issued by Fletcher and Faraday, a member of the National Association of Securities Dealers, CRD number 29769: Fletcher and Faraday (Broker Dealer -- Member NASD).
WorldBestBuy.com, owned and operated by International Brands Inc., (OTCBB:INBR). We are continuing coverage with a BUY rating. WorldBestBuy goes further into the world of a non-production-line and offers more of one-of-a-kind products than any other major e-Commerce site. In its first full month of service in December, WorldBestBuy.com registered over 2 million unique visits.
AT&T (NYSE:T). We are continuing coverage with a BUY rating. We believe the company's strategic advancement into cable, expansion of its wireless network and new overall business focus could give AT&T a significant edge in the overall communications industry.
Qualcomm (Nasdaq:QCOM). We are continuing coverage with a BUY rating. By the end of the next decade 85 percent of phones sold will use Code Division Multiple Access (CDMA) technology, resulting in up to a $20 billion royalty stream for Qualcomm.
EMC Corporation (NYSE:EMC). We are continuing coverage with a BUY rating. The enterprise storage market continues to grow rapidly. As more information is created via a multitude of sources, the need for data storage increases as well. EMC is the market leader in enterprise storage systems.
Fletcher and Faraday is a Broker Dealer and member of the NASD and SIPC. Fletcher & Faraday herein prepared material upon information supplied by the company or other sources believed to be reliable. The information contained herein should not be considered to be all-inclusive. INBR have approved the statements made in this report. This discussion contains forward-looking statements that involve risks and uncertainties. A company's actual results could differ materially from those described in any forward-looking statements or announcements discussed within. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell the securities. Please consult your broker before purchasing or selling any securities mentioned in this report. Fletcher & Faraday has been compensated for its investment banking services provided by the agreement with International Brands Inc. (25,000 INBR Investment Common Shares). Fletcher & Faraday, its clients, officers, directors, employees may buy, sell or have a position in the securities described in this report and may profit in the event the shares rise in value.