NEW YORK, Feb. 22, 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. (OTC Bulletin Board: INBR). We are continuing coverage with a BUY rating. WorldBestBuy.com announced it has partnered with Virtual Super Distributor(TM) ZMarket.com(TM) to optimize many of its critical merchandising and e-commerce functions. Through ZMarket.com, WorldBestBuy.com plans to increase its product base, streamline its order fulfillment processes, and improve its back-office information infrastructure. The company says ZMarket.com has demonstrated that it has the products and value-added services that will improve operational and financial performance for WorldBestBuy.com, its investors, and ultimately its customers.
Cisco Systems (Nasdaq:CSCO) We are continuing coverage with a BUY rating. We believe Cisco is well positioned to sustain its leadership in the Internet Infrastructure space and should continue to be a core holding for investors.
Oracle Corp. (Nasdaq:ORCL) We are continuing coverage with a BUY rating. Oracle remains one of the largest-cap companies with a direct e-Commerce play and is certainly the largest software company riding the wave.
JDS Uniphase (Nasdaq:JDSU) We are continuing coverage with a BUY rating. We regard JDS Uniphase as a core holding in the optical networking sector and believe that investors should reward the company for its clear vision and aggressive acquisition strategy.
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.