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    Highlights of the ICANNWatch Archive
    (June 1999 - March 2001)

    This discussion has been archived. No new comments can be posted.
    New.net in financial trouble? | Log in/Create an Account | Top | 47 comments | Search Discussion
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    Re: New.net in financial trouble? NO WAY!
    by Anonymous on Monday April 08 2002, @04:28AM (#5733)
    WOW! This is truely a shocker. It is as if no one has been listening to the reports that New.net has been out of money of over a year, and basically running on fumes (and maybe the efforts of some hamsters running in a cage). We should not be at all surprised by this. And you know that ICANN is doing a victory dance at this news.
    [ Reply to This | Parent ]
    Re: i am not sure why so many people would like to
    by Anonymous on Monday April 08 2002, @07:08AM (#5744)
    new.net falls apart?

    new.net is a good thing. Competition is always good. Bad enough that new.net has not got any leverage in the compeititon in the domain industry. New.net should spend some money in polictics or Wahsington. In this way, maybe some day Washington will sanction the new.net domain names.

    By the way, one of my new.net domain names draw 3000 hits each months. It's growing.

    [ Reply to This | Parent ]
    Re: New.net in financial trouble?
    by fnord (groy2kNO@SPAMyahoo.com) on Monday April 08 2002, @08:19AM (#5747)
    User #2810 Info
    f---edcompany.com [ya, that resolves too] reported about six weeks ago:

    Rumor has it there's a big meeting at New.net later today... Lots of management is ready to go or has left. The domain-name business isn't as strong as it once was? gee. Please don't steal on your way out.
    When: Feb 25 2002 03:44PM
    Company: New.net
    So what happened then? According to new.net the meeting was their first birthday party (they launched March 5, 2001). If fsckedco was wrong once they can be wrong again. Pud makes no secret of the fact that idealab! is his favorite whipping boy, and there's no shortage of ICANN hangers on and apologists who would be happy to spread rumors of new.net's imminent demise. I'll believe it when I see it.

    If it is true that they have 40 employees then I don't think that is sustainable given shrinking revenues, but I also don't think they need 40 employees. The plugin is already out there and various ISP's are using new.net's augmentation. Those could continue without much staff overhead. What I think is more crucial is what their ISP partners and their foistware plugin partners are being paid, and whether there is sufficient money to keep that going, including whether those were one year agreements and if so, whether they are renewed.

    But to think that new.net will just disappear is probably wistful thinking. Unlike new.net, ICANN has admitted to being in financial trouble. Does that mean the internet is in danger of being shut off? Though I must admit to having toyed with the idea of submitting ICANN to fsckedco, halfways as a joke, after Stuart Lynn's assessment (which has received broad agreement) of ICANN's failure.

    Like I say, new.net is already out there, it'll be around in some way or another, in fact it would probably be technically impossible to completely remove it, and it isn't inconceivable that Veri$ign or Micro$oft or some other player could buy it out. I think that is at least as likely as new.net just completely vanishing real soon now. -g

    [ Reply to This | Parent ]
    Re: New.net in financial trouble?
    by DavidHernand on Monday April 08 2002, @03:16PM (#5757)
    User #3254 Info
    Sorry to disappoint our anonymous detractors, but we are still here and plan to stay around. As for F*dCompany, I do commend its readers for their creative use of expletives, but am surprised that readers of ICANNWatch stoop to such low places to find their news.

    David Hernand
    CEO, New.net
    [ Reply to This | Parent ]
    Re: Attn Mr. Hernand
    by Anonymous on Tuesday April 09 2002, @02:37AM (#5769)
    Please give us definite figures on the numbers of domain names registered with New.net, the number of registrants, and renewals. There are plenty of New.net haters around, why don't you prove them wrong by releasing true, defined figures. I don't think you will, because then you will show everyone how small of a player New.net really is.

    Again, enough rhetoric. New.net is out of cash, and while you "may still be around", the reference to "well, the lights are on" is a good comment. Just because you are working, doesn't mean anyone is buying.
    [ Reply to This | Parent ]

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