CIBC World Market Announces Investment Opinion on GRIC Communications; CIBC World Market Reinitiated Coverage With a Strong Buy Rating.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company World Market MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 14, 2000 CIBC World Market reinitiated coverage with a Strong Buy rating. Uniquely positioned to deliver settlement services related to increasing and broadening usage of the global public Internet IP infrastructure, and increasingly the enterprise business market. We believe GRIC GRIC Global Reach Internet Connection GRIC Government Relations Institute of Canada (industry association) (Nasdaq:GRIC) will be successful in carving out a dominant niche as a wholesale provider of roaming services to Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs). This fits in perfectly with our overall horizontal segmentation niche. It is our opinion that such services must be a neutral third party (such as GRIC). Although we anticipate a handful of such providers will develop, importantly, GRIC has a significant first mover mover /mov·er/ (moo´ver) that which produces motion. prime mover a muscle that acts directly to bring about a desired movement. advantage. |
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