Deal is reached to open Internet registration; Network Solutions will still control the .com domain
Article Abstract:
Network Solutions Inc. and the US Dept. of Commerce have formed an agreement to open the Internet address registration process to outside competition. Network Solutions had had the monopoly on registration and will, in the deal, hold onto control of Internet addresses ending in .com. The new governing body that will oversee the competition is called the Internet Corporation for Assigned Names and Numbers. In the deal worked out with Network Solutions there will be limits on the body's authority in exchange for a cash infusion of $125,000 and a reduction in Network Solutions' wholesale price for company registration in the main database. Esther Dyson will serve as interim chairperson of the new governing body. Network Solution's rivals in the registering business are unhappy that they are forced to now be clients as well as competitors of the Herndon, VA-based company.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Network Solutions soars, despite the coming loss of its exclusive accord for Internet domain names
Article Abstract:
Network Solutions does the exclusive registering of Internet domain names at the rate of about 10,000 per day charging $70 each, and does little else. Now it is getting itself readied for a point in 1999 when it will give up its exclusivity to competing companies. Until that happens, it is enjoying phenomenal growth like so many other Internet-related firms are doing. For instance, in a two-week period in December 1998, its stock price went from $59 to $121.
Comment:
The company enjoys rise in stock value while it prepares for advent of competition in domain names
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Network Solutions planning stock split and an offering
Article Abstract:
Network Solutions Inc. announced a stock split and a secondary offering of 4.58 million shares, up from its current 16.4 million outstanding shares. Analysts think these are good moves as the firm gets ready to give up its monopoly on registering domain names on the Internet. These moves also give it more room to chart its own course independent from its parent company, Science Applications International Corp.
Comment:
Stock split and additional offering will dilute parent's ownership
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A new Leo Burnett acquisition will bestow on the agency company that T-word cachet. Ammirati Puris Lintas stakes its claim to cyberspace with a new unit, APL Digital
- Abstracts: Fedex pilots decide to end strike threat; delivery will not be disrupted next month
- Abstracts: Inside the race to grab high-speed connections. NBC to sell stake in Cable's Court TV; format to remain. Allen to pay record sum for cable firm
- Abstracts: End Your Internet Anxieties Now. Small firms, big clients. Registration System For Online Domain Names Is Extended
- Abstracts: The Internet: seling points. Tales from the front: the internet