[Comments-com-amendment-3-03jan20] Stop the proposed .Com Price Increase!

jeff.ducharme at gmail.com jeff.ducharme at gmail.com
Thu Feb 13 07:20:06 UTC 2020


Hello,

    As governors of the Domain Name System, ICANN must act in the public's
best interest and stop the proposed .Com price increase.  It is unwarranted
and will not result in Verisign "enhancing the security, stability, and
resiliency of the Domain Name System" as called for in Amendment 3.  

 

I analyze stocks for a living.  Verisign is already wildly profitable.
They've had ample cash flow available for years to make such enhancements
however their executives have instead chosen to use it for stock buy backs.
SEC filings show that over the past 5 years Verisign generated $3.5B in cash
flow from operations.  Of that, they have used over $3.3B to repurchase
their stock while spending only $194M in capital expenditures.  In 2019
alone they spent $783M buying back their shares.  How can ICANN justify any
rise in price on .Com registrants in the face of such corporate greed?


 

If you allow Amendment 3 to go forward you will merely further enrich VRSN
shareholders at the expense of the general public.  

 

 

Sincerely,

Jeff Ducharme

 

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