Ron Jackson, Monte Cahn quoted in well researched dn article from a mainstream pub.

[lotsofissues]

This week's issue of "The Deal" magazine explores the resurgence of domain speculation, local.com deal, Marchex deal, etc.

Compared to what little is written in the mainstream media about this business, this much more carefully considered article was quite refreshing.

 

[-db-]

Is there an online version, or link where we can read the article?

 

[lotsofissues]

None but I can quote:

"The collapse of the Internet industry in 2000 largely ended what during the boom years had been a veritable cottage industry in sellling desirable Web site domain names."

"Internet search company Interchange Corp. said March 7 that it bought the domain name Local.com for $700,000...."

"'For a single-word domain name that's a very high price,' says Monte Cahn..."

"Heath Clarke, CEO of Interchange, says his company has identified several possible domain names for a local search site, such as misterlocal.com, but none as strong as local.com."

"...his company hammered out the price for Local.com in talks with the target's undisclosed three person ownership team..."

"bargain for what we plan to do"

"'Money being spent today is much more practical than it was five years ago,' Jackson says, 'In the old days people would pay $700,000 just for the name attached to it without knowing any metics."

"Also helping drive up the value of domain name prices was a November 20004 acquistion by Marchex Inc....spent $164.2 million....to acquire assests of Name Development Ltd. that included 70,000 to 80,000 domain names with revenues of $19 million."

"...first time a major coporation has acquired a large collection of domain names."

"Other domain name owners that could attract potential buyers included Buydomains.com....with 425,000 domain names."

 

[marisolblue]

It is real good to see the industry gain some attention in the media