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Technology Stocks : Network Solutions (NSOL)
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To: CMon who wrote (925)4/20/1999 10:27:00 AM
From: Manny  Read Replies (2) of 1377
 
News on Yahoo....maybe this is what is causing the selloff

Monday April 19 9:26 AM ET

Five To Compete in Domain Name Game

NEW YORK (AP) - Five companies will be chosen this week to compete with Network Solutions Inc. (Nasdaq:NSOL - news) in the business of registering
Internet addresses.

But complicating the situation is the matter that Network Solutions and the federal government have yet to reach an agreement on how the company's rivals will get
their hands on the domain-name database, The New York Times reported today.

Sticking points include how much data and software Network Solutions must share, and how much the new registrars must pay Network Solutions.

Herndon, Va.-based Network Solutions has had an exclusive contract with the federal government for registering World Wide Web addresses, such as those ending in
with .com, .net and .org, since 1993. With the explosive growth of the Internet, the company moved from obscurity to Fortune 500 status.

The government moved to end that monopoly last year by creating the Internet Corporation for Assigned Names and Numbers, a nonprofit group established to take over administration of the
Internet.

That group on Wednesday will name the five applicants to begin the first test round of competition with Network Solutions. It hopes to open the competition to an unlimited number of companies
worldwide by summer. 
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