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ICANN SAYS U.S. WILL LET IT PROSECUTE CYBERSQUATTERS, DOMAIN PROFITEERS

The U.S. government is against empowering ICANN, the organization
responsible for maintaining the Internet-address system, to prosecute
domain-name profiteers, saying instead that it would prefer ICANN, "remain a
private-sector entity that can move quickly with some agility," commented
ICANN's chief executive officer Michael Roberts. ICANN is currently trying
to help American Samoa regain ownership of its top-level domain name  --
".as" in this case -- from an American Samoan who bought the domain name in
1997.  Top-level domain names are the two letters given to every country as
suffixes on a Web address to identify that country on the Internet. American
Somoans are beginning to realize the commercial potential of their domain
names and are increasingly turning to ICANN for help in restoring what they
feel is their exclusive property.
[SOURCE: Wall Street Journal Interactive,  AUTHOR: Dow Jones Newswire]
(http://interactive.wsj.com/articles/SB952374963886664359.htm)


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