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Technology Stocks : Network Solutions (NSOL) -- Ignore unavailable to you. Want to Upgrade?

To: Doug Reid who wrote (1270)	7/23/1999 11:58:00 AM
From: Jaime Leiderman	Read Replies (1) \| Respond to of 1377

From Keith Benjamin weekly web report NETWORK SOLUTIONS - Results were in line with estimates. The company added 1.2 million net new Internet domain names in Q2, bringing the total to 5.4 million net registrations. We are impressed by the company's new CEO, Jim Rutt, and believe he has already made a positive impact on the negotiations with the Commerce Department and ICAAN. We expect ICANN to resolve most of the issues by the end of this three-week test bed extension, or August 6. We believe this will leave NSOL in a position to continue taking advantage of its marketing lead. The Commerce Department wrote a letter to ICANN indicating that ICANN had overstepped its bounds and encouraging ICANN to sign a contract with NSOL. The Commerce Department questioned NSOL's ability to act unilaterally and its right to maintain control of the database regardless of an agreement with ICANN. We believe NSOL's negotiating position is stronger than perceived, especially considering the original contract signed with the Commerce Department, which can be viewed as potentially perennial.