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Strategies & Market Trends : Trend Setters and Range Riders
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To: keithcray who wrote (5205)5/18/2001 4:23:22 PM
From: 2MAR$  Read Replies (1) of 5732
 
Commerce/VeriSign -2: .Net Registry Up For Grabs In 2005

VERISIGN TO CONTROL THE .COM DOMAIN, GIVE UP .ORG IN 2002-SOURCE

UNDER DEAL .NET DOMAIN TO BE SOLD JUNE 2005,6 MONTHS EARLIER

THAN PLANNED-SOURCE

By Peter Loftus
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--The Department of Commerce is expected to announce
Friday that it will approve a proposal that would extend VeriSign Inc.'s
(VRSN) monopoly on operating the database for most Internet addresses, a
person familiar with the matter said.
Under the proposal, VeriSign would continue to operate the registry of .com
addresses through 2007 without having to shed its retail address business.
VeriSign was to shed that business, Network Solutions, under a 1999
agreement with the Commerce Department.
One key change negotiated by the Commerce Department, however, is that
VeriSign must open up the registry for .net addresses to competition in
2005, a year earlier than called for under agreement reached last month
between VeriSign and the Internet Corporation for Assigned Names & Numbers,
or Icann. Icann is a non-profit firm charged with overseeing the allocation
of Web addresses.
The company will give up control of the .org registry in 2002, the same as
called for under the Icann-VeriSign agreement, according to the person
familiar with the matter.

(MORE) DOW JONES NEWS 05-18-01
04:13 PM
*** end of story ***
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