'Too valuable to lose' in domain name...

'Too valuable to lose' in domain names -Shanghai IDC Co., Ltd

Posted in the Aruba Networks Forum

Since: Nov 07

Shanghai, China

#1 Nov 25, 2007
Domain names 'too valuable to lose'-Shanghai IDC Network Information Technology Co., Ltd

Domain name news brought to you by Shanghai IDC Network Information Technology Co., Ltd

Owners of generic domain names have been warned to keep an eye on their registrations as

valuable sites can be snapped up and sold on for millions.

According to Personal Computer World, sites are now being bought up within seconds and can

change hands for anything between $200,000 and $2 million.

The news is indicative of the increasing trend for companies to place high levels of importance

on the relevance that a generic domain name can bring with sites being traded for significantly

higher prices.

It is thought that many site owners could be faced with a huge bill if they are forced to buy

back their web properties in the event of allowing their registration to expire.

"Re-registration, which has to be done every two years, can cost as little as £5 but you can

pay ten times as much to get an address back - and sometimes far more," the magazine states.

A recent survey conducted by Nominet found that the value of some domain names is causing some

companies to stockpile web addresses as assets.

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