Word: verisign
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...national "copyright collecting societies" are stepping up their efforts to monitor ring-tone companies. In response to the squeeze on their earnings, the middlemen are rushing to consolidate. Last month, Britain's iTouch bought Jippii for €12 million; in June, the Mountain View, California-based security company VeriSign Inc. bought Jamba! for $273 million. If the merging middlemen can gain some market clout, they might be able to retain their early advantage. But if real-tone songs catch on, firms like Jippii and Jamba! could well find themselves out of business. Either way, ring-tone companies will have...
...monopoly and let other Net registrars into the business. Instead, the company responded with an aggressive marketing strategy. It's now busting at its seams, adding 30 people a month to its 1,000-employee staff and "a domain name every five seconds," says Korzeniewski. Last March California-based VeriSign paid $17 billion to buy Network Solutions. The combined company is worth $35 billion. --By Sally Donnelly...
...NAME, TEAM] Stratton Sclavos, Verisign [SOLD*] $69 million [CURRENT**] $283 million [INDIVIDUAL STATISTICS] Net security chief takes profits as stock soars above...
...Rotisserie League, have crash-coursed the whole 1999 new-stock lineup. We make our mistakes with phony money and save the real deal for the portfolio. Our draft may have lacked the tension of the NFL's live ESPN version, but it turned up such gems as VerticalNet, VeriSign, Commerce One and Ariba, companies that until I had to lay out 750 Gs of Rotisserie money, I couldn't do much more than ogle from afar. And in the B2B league there's no team I have to lose money on every week, as I do with the Eagles...