Go Daddy Opposes ICANN - VeriSign Agreement

[outsourcingplans]

GoDaddy.com, an ICANN accredited domain registrar, strongly opposed The Internet Corporation for Assigned Names and Numbers' (ICANN) 9-5 vote last night to approve a new .com registry agreement with VeriSign.

The agreement grants VeriSign uncontested price increases and perpetual monopoly power, which will lead to exorbitant profits at the expense of the Internet community. The proposed settlement agreement would allow VeriSign to raise registration fees by seven percent annually in four of the next six years without cost-based justification. It will also give VeriSign control of the .com registry indefinitely, as it extends VeriSign's 'presumptive renewal' right when the proposed settlement agreement expires in 2012.

According to a Credit Suisse analyst, the .com registry is VeriSign's highest margin business. One forecast puts the net present value of just the price increases in this agreement alone at about $1 billion.

"I personally -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[dhaliwal]

Iccan is charging 25 cents per domain which i think only GD shows to the clients, other registration providers dont even talk abt it -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --