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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (20597)	1/18/2000 4:01:00 PM
From: Sportfish	Respond to of 150070

PAYP - zero shares today?? Are they under new ticker symbol yet? TIA. SF

To: SSP who wrote (20597)	1/18/2000 8:28:00 PM
From: Katie Kommando	Respond to of 150070

Speaking of domain names, Network Solutions won a victory today: January 18, 2000 Court Rejects Domain-Registration Case, Associated Press WASHINGTON -- The Supreme Court refused to consider a challenge to the fees for registering and renewing Internet domain names. The justices also ordered lower courts to restudy rulings that said states must abide by a federal law requiring employers to give men and women equal pay for equal work. Separately, the high court rebuffed an attempt to overturn a Maryland law mandating school recess for Easter week. The justices, without comment, turned away arguments that Internet registration fees are exorbitant and that a former practice of designating a portion of the fees for the federal National Science Foundation amounted to an illegal tax. Tuesday's action is a victory for the National Science Foundation and Network Solutions Inc., the Virginia company that serves as keeper of the master list of World Wide Web addresses. Under an agreement with the National Science Foundation, Network Solutions has been registering addresses for the top-level domains -- those with "com," "org" and "net" suffixes since 1992. Internet domain names can be worth plenty. For example, a Houston businessman recently sold the domain name business.com for $7.5 million. In 1995, Network Solutions began charging a registration fee of $100 and, after an initial two-year period, a $50 annual renewal fee for each domain name. Network Solutions received 70% of all fees for its services; the other 30% was designated for the National Science Foundation's use for Internet development and research. That 30% portion was discontinued in 1998. A group of Web site owners sued in 1997, seeking millions of dollars in refunds, and saying the National Science Foundation's take was an illegal tax unauthorized by Congress and that the fees collected by Network Solutions far exceeded the nominal costs it incurred as keeper of the domain names registry. (Thomas vs. Network Solutions)