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New ICANN CEO Takes a Slap at Domain Investors in Letter to Congressmen Defending Planned Flood of New gTLDs

Those who have been wondering where new ICANN CEO Rod Beckstrom would come down on the organization's highly controversial plan to flood the Internet with new gTLDs now have an answer to their question.

Yesterday Beckstrom sent a detailed letter responding to concerns about the plan  raised by two of the U.S. House Judiciary Committee's top Republicans, Lamar Smith and Howard Coble.
 Beckstrom defended the plan and suggested "competition" would be harmed if rollout of new gTLDS is delayed, suggesting that the 21 gTLDs already available do not offer enough alternatives.
Beckstrom also took a slap at .com domain investors writing, "In the end, calling for a delay in the entry of new gTLDs only serves to perpetuate existing market conditions: concentration within some existing registries, with most short generic strings unavailable, and those that trade on the value of the current marketplace,  holding portfolios  based upon the value of current .com names."

Read the entire article here : http://www.dnjournal.com/archive/lowdown/2009/dailyposts/20090923.htm

 

 

 
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