ICANN Accepting .net Proposals

The Internet Corporation for Assigned Names and Numbers (icann.org) is expected to formally request proposals for the management of the .net domain framework Friday. Currently overseen by VeriSign Inc., which also controls the .com framework, the contract for .net management will expire on June 30 and several companies are rushing to compete for future contracts.

"Thirty-seven of the top 100 Web sites rely on .net, and about 37 percent of all e-commerce relies on .net to get to its destination," says Tom Galvin, VP of government relations for VeriSign. "It's vitally important that a year from now .net runs at least as well as, or better than, it's running now."

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