RE: [ga] Re: Board descisions

["Gomes, Chuck" <cgomes@verisign.com>]

I don't recall Kent's specific reference to an endowment but I would think
he was referring to the fact that VeriSign would place the $5M for the .org
registry into an endowment fund controlled by ICANN.  See the new .org
agreement, section 5.1.4.

With regard to the limited choices (just A or B), there are several reasons
for this.  I think Ivan Campos (ICANN board member) expressed it as
succinctly as possible in Melbourne when he pointed out that we already have
an agreement in place and what has happened is that a new option has been
put on the table so, if we don't like the new option, we may continue with
the existing situation.  Stratton also provided some information on this in
Melbourne when he shared that to drag this issue out longer would
unnecessarily prolong uncertainty for employees and investors; it is better
for us to just get a decision and move on.  Besides, it's not clear to me
that we will know much less come the end of March than we would 60 or 90
days out; people seem to be doing a thorough job of sorting out the issues
in the 30 day timeframe.

Chuck

 -----Original Message-----
From: 	Jefsey Morfin [mailto:jefsey@wanadoo.fr] 
Sent:	Sunday, March 18, 2001 7:42 PM
To:	ga@dnso.org
Subject:	RE: [ga] Re: Board descisions

Dear Chuck,
thank you for this confirmation.
Obviously dates would be of real interest to put the different events
into perspective.

On 00:13 19/03/01, Gomes, Chuck said:
>My understanding is as follows and as I recall Joe Sims confirmed much of
>this in Melbourne:  VeriSign approached ICANN about the possibility of
>renegotiating the agreements and proposed the $200M investment idea.  At
>first, this seemed to be an unrealistic idea so VeriSign continued pursuing
>the separation of its Registrar business.  Later, some interest was
>communicated by ICANN and they then proposed the terms of the new
>agreements.  Detailed negotiations of those terms then ensued.

Kent spoke of an endowment into the iCANN: could you comment in this?

>I do not know specific time frames of the above, but I can tell you that
>within VeriSign there was not much optimism about the possibility of
>renegotiating until very late in the game, well into 2001.

So why the take-it or leav-it ultimatum.
Jefsey

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