NEW YORK, Feb. 18, 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 adding another name to its roster of NASCAR racing contenders with the sponsorship of driver Wayne Edwards and Edwards Racing in the NASCAR Craftsman Truck Series. WorldBestBuy.com's sponsorship includes this Friday's Craftsman Truck Series 250 at Daytona, as well as the Chevy Truck NASCAR 150 at Phoenix International Raceway on March 19th. WorldBestBuy will be the primary sponsor for the team in both races. The NASCAR Craftsman Truck Series 250 will be run this Friday, February 18 at 11 AM EST. Coverage of the race will be telecast live on ESPN. The entry of WorldBestBuy.com into the NASCAR Sponsorship Program is an extremely potent, cost-effective way to get exposure and create brand awareness.
Sycamore Networks (Nasdaq:SCMR). We are continuing coverage with a BUY rating. As use of Internet grows, consumers and businesses are stepping up demands on the telecommunications carriers over whose networks the Web traffic flows. Sycamore provides the equipment that is going to allow the service providers to be able to provide the kinds of capacities and speeds that are being demanded by their customers.
BMC Software (Nasdaq:BMCS). We are continuing coverage with a BUY rating. All of the top ten companies on this year's Fortune Magazine's "America's Most Admired Companies" are customers of BMC Software Inc. In addition BMC Software was itself recognized as one of America's most admired computer software companies, ranking number 4 on this year's list. It is clear that America's leading companies are choosing BMC Software as their partner in providing solutions that enable them to deliver the highest quality of service and gain competitive advantage.
Tellabs Inc. (Nasdaq:TLAB). We are continuing coverage with a BUY rating. Tellabs is profiting on competition in U.S. telecom, selling high-tech equipment that helps phone companies and other telecommunications service providers upgrade the performance of their networks. While the giants of telecom and cable are battling for market share, the equipment suppliers like Tellabs can stand by to capitalize from all involved.
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.