NEW YORK, Feb. 28, 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).
EMC Corporation (NYSE:EMC) We are continuing coverage with a BUY rating. We Believe EMC is well positioned as the premier storage company with many expanding market opportunities. EMC's market opportunity is tied to the incredible increases in daily corporate computing and digital data, and EMC is the leader in this space. The company also has a strong record of EPS.
Lucent Technologies (NYSE:LU) We are continuing coverage with a BUY rating. We consider Lucent a core holding in the telecom equipment universe. We believe that the company should gain market share at home and internationally, and should extract greater operating leverage from its business with increased outsourcing and e-Commerce. We believe that Lucent's position as the leading provider of carrier networks to telecommunications providers is the single best reason to own the stock.
Apple Computer Corp. (Nasdaq:AAPL) We are continuing coverage with a BUY rating. We believe Apple's core fundamentals are solid, given a good product pipeline and strong financials. We think that the new products introduced by the company in 1999 have been well received and that the company will be smart about introducing new products over the course of the year. In addition the company announced that it plans to buy back $500 million in stock.
WorldBestBuy.com owned by parent company International Brands, Inc. (OTCBB:INBR). We are continuing coverage with a BUY rating. WorldBestBuy.com says its new service WarrantyNow will offer its customers optional extended warranty plans serviced through a network of authorized service centers. The company says the new service offers buyers a number of services to maximize a product's performance while giving users a greater peace of mind.
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.