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  Post #2 (permalink)   03-31-2002, 10:51 AM
thewitt
HD Newbie
 
Join Date: Feb 2002
Posts: 18

Status: thewitt is offline
There are no rules when it comes to expiring and dropping domain names, and so ICANN is really not able to do anything - though they most likely would not even if there were rules, as ICANN is in impotent body anyway.

NetSol is of course the worst of the offenders, however there are others who are looking at the expired domain market as a real revenue source and so this will likely get worse over time and not better.

If you think of the 1.7M domains that are expired and have not yet dropped that Verisign (NetSol) is holding, and you understand that these are worth money in the new world - $35 a domain if Verisign's WLS system is approved - that's nearly $60M is expired domain "properties" just waiting to be milked.

Why would you release them for $6 a domain if you were Verisign/NetSol - and for those of you who think that these two companies are not really one in the same - wake up. NetSol the Registrar is a wholely owned subsidiary of Verisign the Registry. Verisign logos appear on Network Solutions advertising. Hello...

-t
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