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    VeriSign Registrars Nix ICANN Budget | Log in/Create an Account | Top | 9 comments | Search Discussion
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    Re: VeriSign Registrars Nix ICANN Budget
    by fnord (groy2kNO@SPAMyahoo.com) on Monday June 24 2002, @07:21PM (#7434)
    User #2810 Info
    I fully agree with you on the rest Ray, but you're well off on #2. The last figure I saw for Veri$ign was a 38% market share. I don't know if that includes their entire stable of other registrars, but whether it does or not, ICANN must receive 2/3 approval. That is greater than 66%, meaning if greater than 33% don't approve (which is apparently the case) then ICANN has a problem.

    While I agree with you on the rest, I'd like to highlight this point:

    ICANN today has absolutely no idea how to finish what they started yet had no problem testifying "competition" as an accomplishment. Not by a longshot and really quite an appalling claim, in my own opinion. They have created a competitive mess and all indications are that they are quite content to leave it as such.
    I agree that it is an appalling claim. On the one hand we have Veri$ign competing through slamming, and GoDaddy got its injuction to stop all such actions last week (which has received no mention here and little elsewhere), leaving Veri$ign's stock (VRSN) at a 52 week low at market close on Friday. They've also gotten into hot water over their eBay auctions. These seem to be acts of desperation.

    On the other hand we have numerous credible reports of other ICANN accredited registrars engaging in everything from breaching the .biz agreement with warehoused names to rigged bidding, and that's just in the last 24 hours on one message board. The bottom feeder registrars also seem to be getting increasing desperate in their tactics.

    And if ICANN were to disaccredit some of the latter (as many have called for), that might only serve to increase Veri$ign's percentage of the market, so ICANN truly has created a competitive mess, and caught itself between a rock and a hard place. If speculators (who pay a great deal of attention to such esoterica as which registrars are untrustworthy) often can't tell whom to trust, one feels for the average consumer, and the comparatively honest registrar. That ICANN would spin this mess as any kind of success is, yes, appalling -g

    [ Reply to This | Parent ]


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