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ICANN Settles Long-standing VeriSign Lawsuit
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by Freddie Mooche Microsoft said it settled a longstanding antitrust lawsuit with Gateway for $167 million while boosting reserves $550 to offset charges associated with further antitrust claims. If you would like to receive late breaking news on technologies covered by AXcess News then you need to subscribe. Print This Page April 11, 2005 (AXcess News) Microsoft Corp. ( MSFT) said it settled a longstanding antitrust lawsuit with Gateway Computers ( GTW) for $167 million while boosting reserves $550 to offset charges associated with further antitrust claims.Microsoft also reaffirmed its previous earnings forecast for the quarter but discounted those results for the antitrust claim losses, which before that item was estimated to be 23 cents a share.
Bad Consolidation Credit Debt (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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Bad Company Credit Repair 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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Bad Card Credit Credit 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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Bad Car Credit Loan 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.
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Bad Credit Loan Mortgage 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.
Auto Bad Credit Loan 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.
Bad Credit Mortgage Refinance 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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