Prospering From Disaster

Traders Magazine, January, 2001 by Omar Sacirbey

Dotcom companies are falling on hard times but the folks who assign them their domain names couldn't be happier. Seven new suffixes are joining the established but overextended.com, .org and other suffixes. Spearheading the campaign is the Internet Corporation for Assigned Names and Numbers (ICANN), the Marina Del Rey, Calif. company chosen by the U.S. government in 1988 to handle Internet naming functions.

Among the many registration companies accredited by ICANN to assign names are Register.com (Nasdaq: RCOM), VeriSign (Nasdaq: VRSN), and Catalog.com (Nasdaq: CLGC).

TLD Decision

Strong competition in domain names began only last February, resulting from an earlier ICANN decision permitting five entities to sell so-called top level domain names, or TLDs....

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