Fletcher and Faraday Announces Investment Opinion
NEW YORK, Jan. 3 /PRNewswire/ -- 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).
We continue our coverage of www.WorldBestBuy.com owned and operated by parent company, International Brands, Inc. (OTC Bulletin Board: INBRE), former (OTC Bulletin Board: INBR) with a buy rating.
www.WorldBestBuy.com announces another significant marketing and advertising campaign and continuing efforts to create brand awareness and increase shareholder value.
International Brands Inc., a diversified technology company with global interests in the internet, entertainment, broadcasting and media fields, is leveraging their access to tens of thousands of hours of Eastern European television programming to create a unique opportunity for advertisers targeting the Spanish-speaking population in the United States and Latin countries.
"According to the Census Bureau," said Steven "Vladislav" Zubkis, President and CEO of International Brands Inc. "the Hispanic population of the United States will top 30,000,000 in the year 2000 and this number will rise to over 40,000,000 by 2010. Because of the unusually rapid rate of immigration of Hispanics to the U.S. over the past generation, the majority of this unique demographic group has yet to be fully assimilated into the American English-speaking culture. According to a recent study, 79% of Hispanics living in the United States still use Spanish as their dominant language. Not surprisingly some of the major companies advertising in Hispanic media closely mirrors the list of major advertisers in the English language media: Procter & Gamble, AT&T, McDonald's, Ford Motor Co., etc. International Brands already owns minority interests in Spanish-language broadcasting properties," says Zubkis. "Our new initiative will involve an export of Eastern European programming to which we have access, to the U.S. and other Latin countries via a newly created television network, and provide it to over 60 Spanish-language television stations in exchange for advertising time during the broadcasts. The bulk of the ad time will be sold to multi-national companies seeking broad cost-effective coverage of the Hispanic market, but at least two minutes per hour will be reserved for promoting our Internet Mega Mall, www.WorldBestBuy.com."
We see this as yet another big step towards creating brand awareness and giving www.WorldBestBuy.com the exposure that it needs to take its place as a major player in today's world of global e-commerce. We think the company's strategic direction will drive forward revenue well into the new millennium. And we believe the stock at these levels represents a compelling buy for experienced investors.
We initiate coverage of Tellabs, Inc. (Nasdaq: TLAB) with a buy rating.
Tellabs, Inc. is helping service providers build and migrate to the new public network, a multi-protocol, multi-service network that integrates data, voice and video. The company provides solutions that help service providers differentiate their services in a world where high-speed packet and cell-based switching and access (both wired and wireless) will be pervasive. The network of the future likely won't be composed of any one technology, predicts Michael Birck, President, CEO and founder of Tellabs. Instead "it will make dramatic use of optical networking strategies, intelligence will be distributed through the network and the ability to efficiently manage all forms of traffic will be crucial," says the Tellabs CEO.
The company's efforts have paid off so far: Tellabs has been ranked by some as one the best performing stocks of the S&P 500, with a three year return of 240%. The company reported revenues of $2 billion in 1999, but Birck says he hopes to grow that number to $6 billion by 2003.
We feel the company will continue it's performance into the new millennium and we think the stock at current levels represents a compelling investment opportunity.
We maintain a positive outlook on the following stocks: Microsoft (Nasdaq: MSFT), IBM (NYSE: IBM), Intel (Nasdaq: INTC), Red Hat (Nasdaq: RHAT), Cobalt (Nasdaq: COBT), Amazon.com (Nasdaq: AMZN), Novell Inc. (Nasdaq: NOVL), eBay (Nasdaq: EBAY), QUALCOMM (Nasdaq: QCOM), Sun Microsystems (Nasdaq: SUNW), Yahoo! (Nasdaq: YHOO), Motorola (NYSE: MOT), Home Depot (NYSE: HD), Healtheon WebMD (Nasdaq: HLTH), AutoWeb.com (Nasdaq: AWEB), TicketMaster (Nasdaq: TMCS), Vertical Net (Nasdaq: VERT), Lehman Brothers (NYSE: LEH), Kroger (NYSE: KR), Hewlett-Packard (NYSE: HWP), Compaq (NYSE: CPQ), Apple (Nasdaq: AAPL), Dell (Nasdaq: DELL), At Home (Nasdaq: ATHM), Doubleclick (Nasdaq: DCLK), United Parcel (NYSE: UPS), Sycamore Networks (Nasdaq: SCMR), Oracle Corporation (Nasdaq: ORCL), 3Com Corp. (Nasdaq: COMS).
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. INBRE 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 purpose 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 INBRE 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.
SOURCE Fletcher and Faraday
CO: Fletcher and Faraday; International Brands, Inc.; Tellabs, Inc.
ST: New York, California
IN: MLM FIN
SU: RTG
01/03/2000 05:00 EST prnewswire.com |
