Re: [ga] Verisign stock price falls off a cliff

[Eric Dierker <eric@hi-tek.com>]

What you guys don't get about stock, any freshman business student could 
write two books about.

> At 09:13 27/04/02 -0400, Dan Steinberg wrote:
>>  And their core business is not DNS.
>>They do other *stuff* mostly.  Listmemebers who have cycles to spare
>>can check out what businesses Verisign is in, what other companies they
>>acquired, and what business these acquisitions are in. Here's a
>>statememnt from their website:
> 
> That other *stuff* is indeed a bigger contributor to revenue, but it is
>  business based on trust and reputation.
> Any hint of a stuff-up with the .com registry business and that other 
> *stuff* will get hurt too.
> 
> 
> 
>>"VeriSign, Inc. (Nasdaq:VRSN) is the leading provider of digital trust
>>                       services that enable businesses and consumers to
>>engage in
>>                       commerce and communications with confidence."
> 
> See the point? Verisign cannot afford a debacle with its 20 Bln.
> Network  Solutions division.
> 
> 
>>What does this have to do with the GA? As someone pointed out a few
>>years ago, less than a thousand people in the world (or on mars) know
>>how to spell DNS *and* care enough about it to sign up for the various
>>lists (like the GA).
>>
>>Face it, we may be as a group be able to effect change within (or
>>without) ICANN.  But to suggest that we are at all significant at the
>>level of Verisign stock price, or that it is somehow linked to
>>ICANN....is ludicrous!
> 
> A strong word.  Why?
> The suggestion was that a large organized group of Domain Name
> registrants  benefit from Wall Streets' momentary disgust with their
> registry and take a  very small, but politically significant stake that
> they will use for public  input at Verisign's General Meeting and
> private conversations with  Verisign's management to achieve a
> Registrant-friendly image based on  actual improved Policy for the
> largest Registry of Domain Names.
> 
> What is so ludicrous about that? It's in the best traditions of free 
> enterprise. Surely someone at Verisign will see merit in it. :)
> And surely some organized Domain Name holders will.   It will have a
> bigger  overall effect  on Net presence security than talking to to
> Tucows or  Register.com
> 
> ICANN has been functioning as a "consensus manufacturing" middleman. A
> supposed "governance buffer". Its own CEO admits that it has failed in 
> this role.
> The GA of the DNSO is not changing anything.
> 
> We have now reached the hour of truth.
> Time for thinking outside the box.
> 
> --Joop
> 
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