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  • $1million For A Domain Name?

    • Posted Aug 5, 1999 11:58 PM

      Here's a report today by InfoBeat [[email protected]] that will have a few owners of unique domain names getting out their pocket calculators...

      LOS ANGELES (AP) - What's in a name? At least $260,000 so far, and
      maybe more than $1 million if the name is Drugs.com. Eric MacIver, a
      21-year-old Internet entrepreneur in Mesa, Ariz., stands to reap the
      windfall from drug companies' bidding for rights to the Internet
      domain name to which he owns the exclusive rights. Intense bidding
      under way for the name highlights the competition among companies
      seeking the right name to lure customers in the increasingly crowded
      world of electronic commerce. By Wednesday afternoon the highest
      confirmed bid was $260,000, but several large drug companies and
      well-heeled speculators have expressed an interest in bidding before
      the auction closes Friday evening.

      See
      http://www.infobeat.com/stories/cgi/story.cgi?id=2560578441-ad6

      Ken Silver.
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