Could Legal Troubles At VeriSign Doom IIH?
July 20, 2010 at 14:02 PM EDT
Tech firm VeriSign (VRSN) has had a pretty good deal with the U.S. Commerce Department over the past few years in regards to its control of domain names. The company controls all “.com” and “.net” domain name registers thanks to a contract with the Internet Corporation for Assigned Names and Numbers (ICANN), an agency that acts on behalf of the Commerce Deptartment. VeriSign collects a fixed fee each time individuals or businesses register a new .com or .net domain name or renew the registration of an existing domain name, giving the company a recurring revenue stream and significant power in the Web site market. But some groups have argued that the deal is too sweet for VeriSign at the expense of others; members of the Coalition for ICANN Transparency (CFIT), a non-profit organization of web site owners, brought a lawsuit against VeriSign hoping to block the company’s registration service for [...] Click here to read the original article on ETFdb.com. Related Stories: Troubles At Johnson & Johnson Infect PPH “Net Neutrality” Court Ruling Puts Telecom ETFs In Focus Will The Vietnam ETF (VNM) Get A Boost From Chinese Labor Troubles?