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. One of the major reasons for the company's rapid growth since launching the site has been the unparalleled success of the Associates Program. The WorldBestBuy.com Associates Program offers members a placement on its banner advertising network as well as substantial commissions on sales generated for WorldBestBuy.com. We think this strategy of building a profit center on the momentum, while marketing and branding of WorldBestBuy.com, will enhance the company's growth.
Advanced Micro Devices Inc. (NYSE:AMD). We are initiating coverage with a ATTRACTIVE rating. AMD, which competes with Intel, said demand for its microprocessors has been stronger than expected. With better than anticipated demand for low-end PC processors the company expects first-quarter revenues to be flat to nominally higher, than the seasonally strong fourth quarter.
Charter Communications Inc. (Nasdaq:CHTR). We are initiating coverage with a ATTRACTIVE rating. Charter Communications acquisition of Bresnan Communications Company Limited Partnership will add approximately 690,000 cable customer to Charter, solidifying its position as the fourth largest cable operator in the United States serving 6.2 million customers.
Computer Associates International Inc. (NYSE:CA). We are initiating coverage with a ATTRACTIVE rating. Computer Associates is extremely focused on being the leading provider in storage and network management, business intelligence and portal solutions, and in the design, deployment and integration of enterprise applications. The company's acquisition of Sterling Software Inc. will create one of the largest suppliers of storage management software.
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.