Finance & Stock Market News


Most firms unaware of Web domain changes - survey

Tue, 9th Jun 2009 00:16




By Paul Sandle

LONDON, June 9 (Reuters) - Two thirds of businesses are unaware they will be able to use their own name in place of domain extensions such as .com, .org, or .net when Internet domains are liberalised next year, according to a survey.

The change would let the likes of Nike or Microsoft control their own domain and better exploit their brands, and also counter cyber-squatters who use variations of brands on the 280 or so existing domain extensions.

'If you have '.nike', for example, you can create real and specific branded Websites, like 'running.nike' or 'runlondon.nike',' Joe White, chief operating officer of domain registrar Gandi.net, told Reuters in an interview.

The Internet Corporation for Assigned Names and Numbers (ICANN), which oversees domain names, is expected to start taking applications for new top-level domains early next year, said Future Laboratory, which conducted the research.

But the move is not on the radar of a majority of companies, the survey for Gandi.net found.

'(Companies) are generally completely unaware of this change coming down the line,' said White. 'This change has not yet permeated into the mainstream for businesses or consumers.'

'However, those businesses which are aware actually see the prospect as being quite exciting,' he said.

The price of $185,000 will initially limit applications to the largest corporations and organisations, said Tom Savigar, Strategy and Insight Director at The Future Laboratory.

ICANN is expecting 300-500 applications when it opens its doors in the first quarter of next year, he said.

'You'll see the big global corporations getting there early to own more of their online space,' he said.

'(Owning their domain) could secure a higher level of credibility and recognition.'

Smaller businesses will be
able to use more specific extensions to match their business sector or geography such as '.london' or '.paris', he said.

The Future Laboratory surveyed 100 e-commerce managers; 50 from high-street companies and 50 from small and medium businesses online.

(Editing by Dan Lalor) Keywords: INTERNET DOMAINS/SURVEY

(paul.sandle.reuters.com@reuters.net paul.sandle@reuters.com; +44 20 7542-6843)

COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.


Finance Brochure

Next Article: UK retail sales fall 0.8 pct yy in May - BRC

Back to Finance News


Share Price, Share Chat, Stock Market news at lse.co.uk
Member Services
Completely FREE with online Share Chat!
FREE Portfolio and Personalised Watchlist
Share Price, Share Chat, Stock Market news at lse.co.uk

Datafeed and UK data supplied by ProQuote. While London South East do their best to maintain the high quality of the information displayed on this site, we cannot be held
responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.