NEW YORK, Feb. 24, 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 by parent company International Brands, Inc. (OTCBB:INBR). We are continuing coverage with a BUY rating. WorldBestBuy.com announced an agreement with DiscoverMusic.com(SM), the leading Internet provider of music samples and data to facilitate the sale of music. The agreement will enable WorldBestBuy.com music shoppers to hear thousands of songs and music titles in sampler format before they buy, and is an important step in creating a retail music presence on the site. The company says DiscoverMusic.com hosts the world's largest database of song samples, album cover art, and textual data. It serves some of the most recognizable names in Internet music retailing, and has become the standard for music sampling on the Internet. We think WorldBestBuy.com is persistently working towards its goal of becoming a major player in the world of e-Commerce.
Intel Corp. (Nasdaq:INTC). We are continuing coverage with a BUY rating. Given the current valuations and fundamentals, we believe Intel is one of the more attractive large capitalization technology stocks, as it is trading at a meaningful discount to its peer group of leading technology companies.
Sun Microsystems, Inc. (Nasdaq:SUNW). We are continuing coverage with a BUY rating. As Sun becomes more of a standard, its growth rate accelerates, its margins are protected and its competition is shut out.
Dell Computer Corp. (Nasdaq:DELL). We are continuing coverage with a BUY rating. We think that rapid inventory turns, owning the customer relationship, a leading brand, and a growing presence in international, server, consumer, and workstation markets should allow Dell to continue to have an edge over its competitors and the industry.
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.