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VeriSign's Extraordinary Financials: Paid out $4.2 billion to VeriSign shareholders, at the expense of global Internet users

  • To: comments-com-amendment-30jun16@xxxxxxxxx
  • Subject: VeriSign's Extraordinary Financials: Paid out $4.2 billion to VeriSign shareholders, at the expense of global Internet users
  • From: Donald Smith <donasmith65@xxxxxxxxx>
  • Date: Wed, 13 Jul 2016 16:22:37 -0600

To summarize VeriSign's extraordinary financials, this is what VeriSign CEO
James Bidzos had to say on the Q3 2015 earnings conference call (keep in
mind this is 6 months old.)


".... revenue has grown sequentially for 20 straight quarters. Non-GAAP EPS
has grown steadily from $0.31 in Q4 2010 to $0.78 in Q3 2015. Free cash
flow has grown steadily and was $612 million over the trailing four
quarters. Non-GAAP operating margin has risen steadily from 44.3% in Q4
2010 to 62.7% in the most recent quarter. Over the last 20 quarters, we've
returned $4.2 billion to our shareholders. We repurchased over 69 million
shares for $3.22 billion, which exceeds our domestic free cash flow for the
same period, and in that same time frame, we returned $982 million in
special dividends, excluding payments to convert holders triggered by that
special dividend."



When does this gravy train stop?  When is enough money enough?

ICANN -- why are you not doing anything about this?  Why do you continue to
ignore this core issue and why did you ignore all of the public comments
back when you gave VeriSign the contract extension in 2012?
https://forum.icann.org/lists/com-renewal/threads.html



Why are you trying to get the contract renewed early?  The early renewal
only benefits VeriSign.


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