Network Solutions bids farewell to its monopoly
In the first move to break Network Solutions' monopoly of the Web domain-name registration process, the Internet Corporation for Assigned Names & Numbers (ICANN) last week named five new registrars for a two-month test. They are: America Online, CORE (the Internet Council of Registrars), France Telecom/Oleane, Melbourne IT and Register.com. Beginning today the five will be able to offer domains using the .com, .net and .org suffixes. ICANN said 29 additional companies met standards and will likely become registrars once the test ends June 24.
In other news
Salon Internet, parent company of Salon.com, filed with the Securities & Exchange Commission for an initial public offering of 2.5 million shares of common stock. . . . CBS Corp. last week said it planned to take a one-third stake in Office.com, a site for small and midsize businesses owned by WinStar Communications. Office.com will receive $42 million in CBS promotion and advertising over six years. . . . Internet game provider Total Entertainment