06-08-2006, 12:15 PM
Article on the reaction in the US Congress during yesterday's hearing to the Verisign deal and the proposed price hikes for .com names:
full article: http://networks.silicon.com/webwatch/0,3...383,00.htm
Quote:Dot-com domain price hike sparks angry debate
A dispute over the cost of internet domain names has spilled over into the US Congress, where allegations of monopolisation and unreasonable price hikes surfaced in a congressional hearing on Wednesday...
Those guaranteed price hikes struck some members of the House of Representatives' Small Business Committee as unreasonable. Rep Sue Kelly, a New York Republican, said: "When you're talking about increased prices and you're allowed to do that at VeriSign, I don't know that's going to produce any better safety or security from anyone who's paying that additional cost. And I haven't heard anything today that tells me that would be the case."...
During Wednesday's hearing, domain registrars attacked the deal as a way to let VeriSign milk consumers for the foreseeable future...
full article: http://networks.silicon.com/webwatch/0,3...383,00.htm