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Bloomberg is reporting that Gregory Reyes is facing criminal and civil charges in relation to securities fraud. Reuters and the Mercury News also have coverage. "Former Brocade Communications Systems Inc. Chief Executive Officer Gregory Reyes became the first CEO charged in the U.S. probe of the backdating of stock option grants to create lucrative employee pay packages."
VeriSign has reported that they are cooperating with a grand jury subpoena and a SEC inquiry into their historical stock option grants. More can be found here. Backdating of options is essentially a fraud against existing shareholders, as noted in the press or simply searching Google for "backdating fraud". Under the existing 2001 .com Registry Agreement, section 16.C would allow for termination of the agreement by ICANN in the event that VeriSign "is convicted by a court of competent jurisdiction of a felony or other serious offense related to financial activities...
The CFIT vs. VeriSign et. al. lawsuit had another day in court today. ...The key point coming out of a hearing today (Friday, June 09, 2006) in front of U.S. District Court Judge Ronald Whyte in San Jose, California is that the arguments made by CFIT against the .com deal between ICANN and VeriSign will continue. ...There was one moment of some drama. After lawyers for VeriSign and ICANN both argued that the 7 percent price increases without the need for justification would not be a violation of anti-trust law, Judge Whyte asked the lawyer for ICANN if it would be an anti-trust violation if VeriSign had been granted an annual 100 percent increase. The lawyer said, "no." Other lawyers for other matters sitting in the audience seemed to shift uneasily...
I am often asked how to get a ccTLD by folks just coming in to the domain industry. There is RFC1591 as a start for reading material on the subject matter, and then there is ICP-1. I defer them to IANA, who defers to ICANN, who in turn defers to ISO and the ISO3166-1 list being the definitive list, and then you have to factor in some of the "reserved code elements" from their decoding table to normalize 3166 against the list of IANA Country Codes for ccTLD delegations like .EU. How does one get their ccTLD into the ISO list? The ISO in turn (likely due to the masses that contact them hoping to list their country) defer the criteria for what it is to be a 'country' for being on the 3166-1 list, and partially defer to the United Nations.
Internationalized (non-ascii) domain names (IDN) are a key issue for ICANN. Yesterday, the Board completed two days of workshop presentations about various matters (IANA, security, GAC relationships), and we were briefed on the IDN testing that is planned. I thought it might be useful to make clear the distinction between the tests (which are testing mechanisms for IDNs) and the very difficult policy questions that confront ICANN. As several people explained to me yesterday, they're different.
Earlier this year we requested your questions on one of ICANN's most heated discussions -- issues involving top-level domains (TLDs) -- which we passed on to Vint Cerf, Google's VP and Chief Internet Evangelist and chairman of the board of ICANN. Despite an understandably heavy schedule, Vint Cerf has taken the time to personally respond to more questions than we had originally anticipated. So with our special thanks, here are his responses.
ICANN's Board voted to accept the latest settlement proposal by a vote of 9 to 5: "Today, ICANN's Board of Directors approved, by a majority vote, a set of agreements settling a long time dispute between ICANN and VeriSign, the registry operator for the .COM registry. These settlement documents include a new registry agreement relating to the operation of the .COM registry..."
A recent report released by Forrester Research last week has put the .travel sponsored top-level domain under the microscope -- calling the sTLD "Nice, But Not Necessary". Although this 4-page report (sold for US$49.00) has singled out the .travel domain, its critical arguments might very well apply to the nature of most sponsored top-level domains currently in existence -- or under review: '.mobi', '.jobs', '.museum', '.coop', '.xxx' and others. CircleID has invited Ron Andruff, President and CEO of Tralliance, the registry for .travel, to respond to arguments made in this report.
ICANN Board Chair Vint Cerf now works for a company whose motto is, "Do No Evil." So how could Vint and his fellow board members be engaged in a massive capitulation to the enterprise greed of dot-com operator VeriSign? The story of how the Internet community got to its current impasse over the future of the ICANN-VeriSign relationship is overly complicated but the bottom line is that we are suffering from woes created by the U.S. Government with the best of intentions over the past fifteen years. And only the government has the capacity to stop equivocating and do the right thing for all of us. The road to hell is paved with good intentions...
In September 2005 ICANN approved the first top–level Internet domain to be dedicated to a particular human language and culture: '.cat'. A related paper was recently published in First Monday by Peter Gerrand, titled "The Catalan campaign to win the new .cat top level domain". As explained in its abstract, the paper explains: "While '.cat' creates a precedent for greater use on the Internet of 'minority languages', there are significant hurdles for other candidates for language–based top–level domains. The paper discusses the concomitant factors needed to support the greater use of any minority language on the Internet."
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