[ICANN-EU] Re: Register.com snaps up Afternic.com

["Christopher Stewart" <chrisrstewart@hotmail.com>]

Just to continue on my claim that Register.com had acquired a 10% stake of 
Greatdomains.com:

The following link will direct you to statements amde on March 3, 2000 via 
the INvestor Relations page at the Register.com site.

Note the paragraph:

Pursuing Acquisitions and Investments. We intend to selectively pursue
acquisitions of, and investments in, companies, including other domain name
registrars and developers of web-based applications and services. We will
target companies that offer complementary products, services and 
technologies
that can expand our business. For example, we recently made an investment 
for
approximately 10% of the equity of GreatDomains.com, Inc. GreatDomains 
provides
a secondary market for companies and individuals to buy and sell domain 
names,
as well as brokerage and escrow services for these names.

http://investor.register.com/ireye/ir_site.zhtml?ticker=rcom&script=800&layout=4


--- Chris


>From: Jeff Williams <jwkckid1@ix.netcom.com>
>To: Christopher Stewart <chrisrstewart@HOTMAIL.COM>
>CC: DOMAIN-POLICY@LISTS.NETSOL.COM,        icann board address 
><icann-board@icann.org>,        ICANN-EU <icann-europe@fitug.de>
>Subject: Re: Register.com snaps up Afternic.com
>Date: Fri, 15 Sep 2000 22:57:44 -0700
>
>Christopher and all,
>
>   Well researched and well stated piece here Christopher.  I hope
>others read it carefully.  Did you happen to send this to the WIPO
>Process2 list?  If not possibly you should.
>
>Christopher Stewart wrote:
>
> > However, it must also be pointed out that Afternic.com sued ICANN over 
>their
> > refusal to accredit the company and later agreed to terms that would 
>allow
> > Afternic to become an accredited registrar under a subsidiary called
> > eXtraActive, Inc.
> >
> > http://www.domainnotes.com/news/article/1,2160,3371_414521,00.html
> >
> > As well, according to Register.com's financial records it owns a 10% 
>stake
> > in GreatDomains.com(a domain broker). This was as of last quarter so I
> > cannot confirm that it still does.
> >
> > I think the issue will not be about "cybersquatting" , referring to the
> > Afternic.com/Register.com deal. NetworkSolutions.com offers a site to 
>list
> > domains for sale via
> >
> > http://webdomain.networksolutions.com/buyers.cfm
> >
> > AFternic.com does not 'Sell' the domain persay, they merely act as a
> > facilitator to allow sales to occur, much like the Network Solutions 
>site.
> > In both circumstances neither company is being held responsible for 
>third
> > party negligence or ignorance towards the UDRP.
> >
> > I do not intend this comment towards Patrick and appreciate his candor 
>in
> > posting this tidbit of info, however, often the point of contention is a
> > lack of understanding within the domain community about EXACTLY what
> > services these companies offer (Afternic.com and Greatdomains.com). 
>Instead,
> > selling a domain is labelled as "cybersquatting" by default rather than 
>a
> > commercial exchange governed by the same laws as any other commercial
> > exchange. The term 'cybersquatter' is frequently misused and defined
> > incorrectly, thus leaving those in this community and the internet 
>community
> > as whole with a bad taste in their mouth whenever 'domain selling' is
> > mentioned.
> >
> > Too many examples of WIPO injustice could be referenced here. In fact, 
>it
> > seems that just 'owning' (or being the registrant) of a domain is 
>construed
> > as cybersquatting, less the attempt to sell -- which flabergasts us all 
>I
> > hope!
> >
> > Regards.
> > Chris
> >
> > >From: Patrick Corliss <patrick@QUAD.NET.AU>
> > >Reply-To: Patrick Corliss <patrick@QUAD.NET.AU>
> > >To: DOMAIN-POLICY@LISTS.NETSOL.COM
> > >Subject: Register.com snaps up Afternic.com
> > >Date: Sat, 16 Sep 2000 10:14:38 +1000
> > >
> > >Thanks to Ross Wm. Rader of OpenSRS for reminding us of the 
>implications of
> > >this story on their discuss-list@opensrs.org where he wrote:
> > >
> > > > As far as ICANN goes, we can only conjecture what their next actions
> > >will
> > > > be. They have officially stated for the record that they will under 
>no
> > > > circumstances accredit a firm that actively engages in, or knowingly
> > > > facilitates cybersquatting. Further, they denied accreditation to
> > >AfterNIC
> > > > on this basis. Bystanders can only assume that they will review
> > > > Register.com's accreditation in light of this new information.
> > >
> > >http://www.zdii.com/industry_list.asp?mode=news&doc_id=ZE505618
> > >
> > >Register.com snaps up Afternic.com
> > >
> > >By Tiffany Kary ZDII
> > >
> > >Internet domain name registrar Register.com, Inc. (Nasdaq: RCOM) said
> > >Friday
> > >it will buy Afternic.com, a provider of domain name resale services for
> > >4.38
> > >million shares of common stock and $10 million in cash.
> > >
> > >
> > >Regards
> > >Patrick Corliss
> >
> > 
>_________________________________________________________________________
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>Regards,
>
>--
>Jeffrey A. Williams
>Spokesman INEGroup (Over 112k members strong!)
>CEO/DIR. Internet Network Eng/SR. Java/CORBA Development Eng.
>Information Network Eng. Group. INEG. INC.
>E-Mail jwkckid1@ix.netcom.com
>Contact Number:  972-447-1800 x1894 or 9236 fwd's to home ph#
>Address: 5 East Kirkwood Blvd. Grapevine Texas 75208
>

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