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ICANN-VeriSign agreement
Posted on Friday, March 03 2006 @ 01:09:09 UTC by Stratus

News from Stratus
Go Daddy opposes ICANN-VeriSign agreement

Yesterday, February 28, ICANN announced that its Board of Directors met and approved the pending deal with VeriSign for the .COM registry. The agreement will let VeriSign raise registration fees by 7% annually in four of the next six years. It will also give VeriSign control of the .COM registry indefinitely, as it extends VeriSign's "presumptive renewal" right when this agreement ends in 2012.

The deal was approved by a majority vote, with nine voting in favor and five voting against. One director abstained. Vinton Cerf, who is the Chairman of ICANN and also now an employee of Google®, voted in favor of the give-away.

Following the vote, Credit Suisse increased the price target on VeriSign stock. Their analyst describes the .COM registry as VeriSign's highest margin business (before any price increases). He goes on to say that the compounding effect of just the price increases could represent a net present value of $4 to $5 per share for VeriSign, or 1 to 1.25 billion dollars. The price increases will start in 2007.

Go Daddy CEO and Founder Bob Parsons is voicing strong disapproval of this agreement. "The agreement is a bad deal for our customers and the Internet community as a whole," said Parsons.

"The fact that this deal was approved is a loud signal that major changes are needed at ICANN. If we don't step up and overhaul ICANN, and leave the Internet largely under the control of this incredibly inept organization, this will go a long way in providing the United Nations with the ammunition it needs to start taking control of the Internet – that must never happen."

From here, before the deal becomes final, the U.S. Department of Commerce will still need to approve it. If you are disappointed with this recent decision, consider writing a letter to your Senator and Congressperson. You can find the email address of your representatives at the following two Websites: For more information about the agreement, please visit Bob Parsons' blog – Hot Points! – at

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"ICANN-VeriSign agreement" | Login/Create an Account | 10 comments | Search Discussion
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Re: ICANN-VeriSign agreement (Score: 1)
by Mad78 on Friday, March 03 2006 @ 05:45:18 UTC
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I don't really understand what this means for us.

Re: ICANN-VeriSign agreement (Score: 1)
by Scathane on Sunday, March 05 2006 @ 08:16:01 UTC
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How essential is it anyway for swr to have a .com name?

Re: ICANN-VeriSign agreement (Score: 1)
by Evaders99 on Sunday, March 05 2006 @ 16:10:10 UTC
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We get a lot of traffic just from search engines. We have a quality site that has been running for quite a while, so definitely better rank on those search engines.

It would be bad if we had to get a new domain and start over. People expect things to be at ... anything else is just less reputable to most people. Like or ... or gah(!) ..

Re: ICANN-VeriSign agreement (Score: 1)
by Stratus on Tuesday, March 07 2006 @ 14:24:50 UTC
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Its quite possible VeriSign and ICANN might do the same for .net. SWR's original name was .NET, which we still have but lost for quite some time until we were able to get control of it again. I did go all out a long time ago to make sure that SWR's DOMAINS (not webhosting, but domains) were paid for until 2010. That will be good. THey are also talking about a contract verisign will release that will allow us to renew up to 10 years for the same original prices, which when the time comes (if the Senate approves this), I will be pushing for.

Re: ICANN-VeriSign agreement (Score: 1)
by Scathane on Saturday, March 11 2006 @ 04:19:58 UTC
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I see, but then again, with regard to traffic from seach engines, doesn't this have to do with other factors than the domain extension?

Another question: it says somewhere on our site that this site is monetized by Google AdSense... What does that mean?

Re: ICANN-VeriSign agreement (Score: 1)
by the_mask on Sunday, March 26 2006 @ 15:46:05 UTC
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Bloody corporate world we're living in ...

This sounds like someone "very bright" in the upper echelons of Verisign took a calculator and then called his superiour, saying something like "Hey, we can make a couple o millions more, if ...".

Bah ....

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