ICANN Limits Terms Of VeriSign Domain Control 111
Pinky3 points to this story on Yahoo! which says: "In the much-awaited decision, the Internet Corporation for Assigned Names and Numbers (ICANN) limited the term of VeriSign rights to the .org name to the end of 2002, and the .net name to the start of 2006.
VeriSign, the operator of the world's largest domain name registries, would keep rights to the lucrative .com name through November 10, 2007, and have the right to renew this agreement for a new four-year term if it meets certain criteria." VeriSign has the .com domain locked up pretty well already, at least until 2007, and now (for Internet time at least) indefinitely. In 2011, I bet VeriSign will point out the awful mess (think of the risk!) of trying to redistribute control of .com to anyone else.