So far, I must admit "...I DON'T GET IT"
- To: settlement-comments@xxxxxxxxx
- Subject: So far, I must admit "...I DON'T GET IT"
- From: Telecomventures@xxxxxxx
- Date: Thu, 24 Nov 2005 06:43:58 EST
After reviewing my comments below ..would you please take the time to
explain to me why such a settlement is in the public interest.
Some Highlights Why ICANN should NOT sign the settlement with Verisign.
* The settlement agreement allows Verisign to increase the price of
.com domain names to every Registrar by 7% every year. Currently Verisign
charges all Registrars $6 for every domain name. The new settlement agreement
however allows them to increase prices to all of us without any cost
justification. They can simply increase the price by 7% EACH year.
* This means Verisign WILL (not "may" increase as agreed) double the
price in 10 years. Naturally any increase in price mean all Registrars have to
increase their prices at large. This adversely reduces our sales and reduces
our potential to sell other Internet Products.
* The settlement proposes that ICANN is giving Verisign an "unfair
chance" to make more than 2 Billion Dollars extra over the next 10 years. This
may by far be the most expensive settlement ever in any industry or commerce.
* That 2 Billion Dollars are coming out of our / our customers pocket.
* The proposed settlement agreement also without any consideration for
any economic indicator to doubles the ICANN fees charged to Registrars.
Currently Registrars pay 25 cents per domain name to ICANN. The new agreement
will make that 50 cents. This again means all Registrars will further increase
what they charge for dot Com Domain Names.
* The new settlement agreement has a perpetual presumptive renewal
clause. This means that Verisign will permanently hold on to the dot Com
Registry. There will never be any competitive bid for it, except in a very
circumstance. Verisign now gets the right to a perpetual monopoly. This means
that they are free to do whatever they want with dot Com, without fear of
competition. This does not serve the public convenience and necessity. Prices
therefore will never reduce. ...and there may even be amendments to the
settlement allowing even more unfair increase in pricing.
* ICANN has been In-trusted with the over-site of these issues. To
this end, please inform me as to why ICANN feel that the proposed settlement
agreement with Verisign is a good deal ...and how would the public benefit
such agreement. So far, I must admit "...I DON'T GET IT"
Erskine R. Curry
CEO/Executive Management Consultant
Mobile: (561) 351-8351
Media & Telecom Ventures
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