Verisign has First preference for renewal?
I'll translate that as forever.
Can the situation be anymore pathetic than that?
Time for Icann to break that unfair and irresponsible contract.
I wonder who at Icann was responsible for this outrageous event during the negotiations?
Icann's stewardship of the namespace severely lacks responsibility and vision.
No wonder Verisign's acting like they own the thing.
Icann had better get their shit together very quickly to ensure Verisign isn't allowed to do whatever it wants.
Feh!
Swerve
http://Swerve.Net
Quoting: http://www.itworld.com/Net/3499/NWW0301newverisign/
VeriSign was required to spin off either its back-end, domain-name registry business or its customer-facing, domain-name registrar business by May 10, under the terms of its original contract with ICANN. With its acquisition of Network Solutions last year, VeriSign operates the sole registry for .com, .net and .org domains, as well as the top sales channel for names in 350-plus top-level domains and country codes, including .tv and .uk.
With VeriSign facing intense competition in both its registry and registrar businesses, ICANN officials say they no longer believe it is necessary for the company to split up in order to continue operating the popular .com registry. ICANN says the structural barriers that VeriSign has set up between its registry and registrar businesses are working fine to create a competitive, domain-name industry, which now boasts 180 accredited registrars and eight registries.
"The importance and value of the separation of ownership of VeriSign's registry and registrar businesses to ICANN and the community had diminished quite significantly over the 15 months since the original registry agreement was signed," ICANN said in a statement posted on its Web site for public comment.
Instead, VeriSign has agreed to relinquish control over the .org registry as of Jan. 1, 2003, and to provide a $5 million endowment to fund the operating expenses of a new nonprofit .org registry. VeriSign also agreed to a shorter term for operating the .net registry -- until Jan. 1, 2006 -- after which time VeriSign must compete against other companies in order to retain that business.
In return for these concessions, VeriSign will continue to operate the .com registry until November 2007. VeriSign promises to invest no less than $200 million to increase the efficiency and stability of the .com registry.
UNQUOTE
After 2007 Verisign will get to control the .com registry as long as it fulfills its contractual obligations to ICANN. ICANN will give them first preference for renewal.
Hope this helps...if anyone has updates later than this...would appreciate info..
-- Best regards, Ashish mailto:[EMAIL PROTECTED]
I went to a restaurant that serves "breakfast at any time". So I ordered French Toast during the Renaissance. -- Stephen Wright
---------------------------------------------------------------------
Inwiz.com Support : [EMAIL PROTECTED]
Inwiz.com Billing : [EMAIL PROTECTED]
Inwiz.com Sales : [EMAIL PROTECTED]
*********************************************************************
Internet Wizards - The finest in web services! http://www.inwiz.com
*********************************************************************
Tuesday, October 21, 2003, 5:52:23 PM, you wrote:
S> Did your heart skip a beat when you saw that headline? Ha.
S> Can someone from Opensrs, who has contacts with Icann, please find out when S> Verisign's .com/.net contract expires. I'm also wondering what S> Icann's process is or will be S> for finding a new corp. or org to run things after Verisign's S> contract is up. Rest assured, a transparent and fair process will be S> vigorously expected from Icann by this person after the contract is S> up or after Icann decides to End It Early because of Verisign's S> attempts to change the name space without respect for historical S> precedents.
S> Back off, Verisign!
S> And the folks at Icann should make sure they don't roll over, yelp S> Woof Woof, and play fetch at Verisign's command.
S> Awoooo.
S> Good morning folks, S> now it's time for the first coffee and organic tobacco smoke of the day. S> Yes, organic tobacco. S> I'd tell you if it was something else.
S> Swerve
--
