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To: 2MAR$ who wrote (5058)5/16/2001 5:39:42 PM
From: 2MAR$  Respond to of 5732
 
VeriSign, Commerce Officials To Resume Talks Thurs>VRSN


By Peter Loftus
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Officials from VeriSign Inc. (VRSN) and the U.S.
Department of Commerce plan to resume talks Thursday regarding VeriSign's
proposal to extend its monopoly on operating the central database of most
Internet addresses.
The two sides didn't meet Wednesday, VeriSign spokesman Brian O'Shaughnessy
said. Talks in Washington began late Monday afternoon and continued Tuesday.

O'Shaughnessy again expressed confidence that the Commerce Department would
approve the agreement VeriSign reached last month with the Internet
Corporation of Assigned Names and Numbers, or Icann, the nonprofit group
charged by the federal government with overseeing the allocation of Internet
domain names.
Under that pact, VeriSign would maintain control over the central registry
of names ending in .com without having to shed its retail business, or
registrar, Network Solutions. A 1999 agreement would force VeriSign to sell
or spin off that unit. However, the latest agreement would require VeriSign
to give up control of the .org registry in 2002 and open the .net registry
to competition in 2006.
VeriSign collects $6 annually for each name registered, even if it is sold
at retail by another company. As of March 31, there were 30.6 million active
names ending in .com, .org and .net in VeriSign's registries.
"The reality is that certainly we are moving towards resolution on the
revised registry agreements," O'Shaughnessy said. "The opportunity exists
for VeriSign to move forward with the existing registry agreements should
Commerce come back with a negative response. However, I don't believe that's
likely."
After meeting with VeriSign officials for a few hours Monday, Commerce
Department General Counsel Ted Kassinger said he was confident the
department would reach an agreement with VeriSign "in the near term." Before
the Monday meeting, a Commerce spokesman said the department had concerns
about the VeriSign-Icann pact.
Officials from the Commerce Department and Icann couldn't be reached for
comment Wednesday.
The Wall Street Journal reported Tuesday that the Commerce Department asked
VeriSign to address Justice Department antitrust concerns before approval
could be granted.
"We're 90 percent there," O'Shaughnessy said. "There are some minor issues
to resolve."
The VeriSign-Icann pact has been criticized by some competitors and
short-sellers who allege the agreement is illegal and would give VeriSign an
unfair market advantage.
-By Peter Loftus, Dow Jones Newswires; 201-938-5267;
peter.loftus@dowjones.com

(END) DOW JONES NEWS 05-16-01
05:38 PM
*** end of story ***



To: 2MAR$ who wrote (5058)5/16/2001 5:40:04 PM
From: Frederick Langford  Read Replies (1) | Respond to of 5732
 
Dang, Wondered where you were.
We had a hell of a day!
Shoud have been there for EBAY run off 55.
Jerry was on the ball today, calling the Futs and laughing all the way.... <G>

Fred



To: 2MAR$ who wrote (5058)5/16/2001 5:51:26 PM
From: Susan G  Respond to of 5732
 
Look at the 5 or 15 minute charts from today for the nas, the dow and the oex, wow : ) It was awesome to see them happen, breaking resistance after resistance line, lines that were drawn long ago too.

I've had LOTS of dental surgery, I feel for you...
My dentist told me dental problems are becoming a common stress ailment! Just like carpal tunnel syndrome is.

Nothing worse, and Rabbit is going through it too, I am now convinced we traders grind our teeth all night long...

Trader nightguards will be in fashion soon.