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Thinkpad (AXcess News) New York - VeriSign Corp. (Nasdaq: VRSN) has been
having a run of good luck this month. First it acquires
Moreover.com for a mere $30 million in cash and then manages to
settle a long-standing dispute with the Internet Corporation for
Assigned Names and Numbers, or ICANN.
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Microsoft Registry operator, VeriSign, said that settling the lawsuit
cleared the way for "a framework that establishes processes and
guidelines for the introduction of new services, provides
business certainty for top-level
domain name registry operators and embraces a sensible
market approach to registry
pricing."
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Laptop Computers The trouble all started in 2003 when VeriSign created a service
called Site Finder for guiding Internet users who mistype Web
addresses. People complained that it interfered with spam filters
and other key Internet tools while giving VeriSign an unfair
competitive advantage in search.
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Laptop Computer Site Finder would suggest locations for web surfers when they
came up empty handed on a search, which they were often paid for
those referrals. Competitors thought it was taking advantage of the
position VeriSign was in as a registry operator. But VeriSign
looked at it differently, saying it was a service.
&& all 338 news articles Canada.com &&&&&XM settles patent lawsuit with Universal Music Reuters? 8 hours ago By Sinead Carew NEW YORK (Reuters) XM Satellite Radio Holdings Inc said on Monday it has settled a patent infringement lawsuit filed by Universal Music Group and hopes to reach deals with the other music companies.
Desktop Computer ICANN agreed with the competitors and asked VeriSign to disable
the service, but several months later VeriSign put Site Finder back
into commission, which is whenVeriSign filed its lawsuit against
ICANN saying the agency's actions impeded VeriSign's efforts to
offer new, moneymaking services.
Notebooks Under the settlement agreement ICANN revised its definition of
what a "registry service" is so that Site Finder could be included
and extended VeriSign's ".com" registry agreement through 2012.
Lenovo Mark McLaughlin, Senior Vice President and General Manager of
VeriSign's Naming and Directory Services
business unit commented on
theICANN settlement saying,"VeriSign's objective was to gain
clarity and business certainty for Internet operators. We are
confident that this agreement accomplishes that objective and
provides a framework for strong industry-ICANN partnership based
on clear definitions and processes."
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