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

[Jeff Williams <jwkckid1@ix.netcom.com>]

Joop and all assembly members,

Joop Teernstra wrote:

> 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.

  Not really.  Verisign is a business based on it's customer base,
and revenue in wall street more than trust and reputation.

>
> Any hint of a stuff-up with the .com registry business and that other
> *stuff* will get hurt too.

  True.

>
>
> >"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.

  That's US $25b not $20b Joop.  None the less Verisign is not facing
a debacle right now.  The downturn in the tech sector of the market
is still the biggest impact on the stock price...

>
>
> >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.

  Yes to a degree.  But none of this will greatly effect Verisign's stock price

in the short to mid term, and will have only a marginal effect one way or the
other in the long term...

>
>
> What is so ludicrous about that? It's in the best traditions of free
> enterprise. Surely someone at Verisign will see merit in it. :)

  Well they haven't yet.  And they have had plenty of time to do so...

>
> 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

  Not you got something here Joop.  The problem is and has always been
that unless the "Some organized Domain Name Holders" along with
any and all other stakeholders/users can vote on policy issues as
well as voting for representatives such impact will be either "Gamed"
or non-effective...

>
>
> ICANN has been functioning as a "consensus manufacturing" middleman.

  No!  It has been functioning as a collective dictatorship!

>
> A supposed "governance buffer". Its own CEO admits that it has failed in
> this role.

  Yes it is failing, but not failed yet.  And it never embraced the goal
you are expressing here...

>
> The GA of the DNSO is not changing anything.

  The GA is hampered right now by a couple of gate keepers that
are blocking determination of consensus by vote of the GA members
presently.  So no, the GA and most of the rest of the DNSO is
hamstrung to that extent...

>
>
> We have now reached the hour of truth.

  We reached the hour of truth in Nov. 2000 in MdR...
That was nearly two years ago now...

>
> Time for thinking outside the box.

  It is long past thinking outside any box.

>
>
> --Joop
>
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Regards,

--
Jeffrey A. Williams
Spokesman for INEGroup - (Over 121k members/stakeholdes strong!)
CEO/DIR. Internet Network Eng/SR. Java/CORBA Development Eng.
Information Network Eng. Group. INEG. INC.
E-Mail jwkckid1@ix.netcom.com
Contact Number:  972-244-3801 or 214-244-4827
Address: 5 East Kirkwood Blvd. Grapevine Texas 75208


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