NEW YORK, Feb. 17, 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 parent company, International Brands Inc. (OTCBB:INBR). We are continuing coverage with a BUY rating. WorldBestBuy announced a business agreement with FairMarket (SM), Inc., provider of online, hosted auctions for e-commerce leaders. In association with FairMarket, WorldBestBuy will provide its customers access to auction resources available from some of the Web's leading merchant and portal sites. WorldBestBuy.com's association with FairMarket enables them to implement a new area of strategic focus, increasing distribution and establishing a new online profit center. Access to the FairMarket Network, a consortium of auction sites that includes some of the leading merchants and communities on the Web, will reinforce and expand WorldBestBuy.com's demographic reach providing WorldBestBuy.com buyers and sellers, a rich selection of auction resources.
Heltheon/WebMD Corp. (Nasdaq:HLTH). We are continuing coverage with a BUY rating. With the OnHealth acquisition, which combines the two largest consumer healthcare Web sites, WebMD expects to become the most trafficked health site for consumers and physicians.
Oracle Corporation (Nasdaq:ORCL). We are continuing coverage with a BUY rating. Oracle's Intelligent Web House is the only solution that leverages all data sources to give the most accurate and insightful recommendations for today's electronic storefronts.
Qualcomm Inc. (Nasdaq:QCOM). We are continuing coverage with a BUY rating. Qualcomm continues to drive innovation in the wireless industry. The combination of the high performance of CDMA technology and a wide array of advanced multimedia, position, location and connectivity capabilities will significantly fuel overall industry growth as it increases the number of possible users for wireless terminals.
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.