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

[eric@hi-tek.com]

I publicly apologize for any error indicating wrongful authorship.
It certainly was not my intent to indicate Mr. Steinberg as an author of that
which I complained.
Thank you for the opportunity to set the record straight.

Sincerely,
Eric

Dan Steinberg wrote:

> I would appreciate it if you got your quoting right. you e-mail makes it
> look like I wrote the stuff you are complaining about.
>
> Eric Dierker wrote:
> >
> > 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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