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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Trader J who wrote (12982)4/20/1999 7:17:00 PM
From: Triffin  Read Replies (1) | Respond to of 56537
 
TJ .. NSOL

What was a party of one is now a party of five .. at least !!

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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. 

EOM-------------------------------------------------------------------

Seems to be a "sell the rallys" play .. italics are mine ..

Jim in CT ..