DOJ Ends Antitrust Investigation of Network Solutions.Business Editors/High Tech Writers WASHINGTON and HERNDON, Va.--(BUSINESS WIRE)--Feb. 1, 2000 Network Solutions, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NSOL) today announced that the United States Department of Justice's Antitrust Division has informed the company that its antitrust investigation of Network Solutions has been formally closed. The DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. investigation was related to the management of the Internet's primary domain name system, and specifically relating to Network Solution's Internet registration business. &uot;Network Solutions is extremely pleased that the Department of Justice has ended its investigation,&uot; said Michael A. Daniels, Network Solutions' chairman. &uot;From our early pioneering development work with the domain name system we have always cooperated with the United States government.&uot; In June 1997, Network Solutions received a Civil Investigative Demand (CID Cid or Cid Campeador (sĭd, Span. thēth kämpāäthōr`) [Span.,=lord conqueror], d. 1099, Spanish soldier and national hero, whose real name was Rodrigo (or Ruy) Díaz de Vivar. ) from the Department of Justice. The CID concerned certain aspects of Network Solutions' management of the domain name system. Network Solutions supplied all requested information to the DOJ. No enforcement action was taken. About Network Solutions Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL) pioneered the development of registering Web addresses ending in .com, .net, .org and .edu and is the world's leading Registrar with more than 8.1 million net registrations. Separately, Network Solutions plays a critical role in the infrastructure of the Internet through its Registry business. Network Solutions' Registry customers include all the Registrars of domain names ending in .com, .net and .org. Network Solutions also provides Internet Technology Services that assist large commercial organizations in the evolution and management of their Internet technologies. For more information, see the http://www.networksolutions.com Web site. Network Solutions registers the majority of Web addresses worldwide through various channels, including more than 240 companies in over 30 countries in its Premier program and over 35,000 companies in the Affiliate Program. Network Solutions has created value-added small business solutions through agreements with leading companies such as American Express (NYSE NYSE See: New York Stock Exchange : AXP), IBM (NYSE:IBM) and Microsoft (NASDAQ: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ). Through its Alliance Program, Network Solutions works closely with EarthLink (NASDAQ: ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ), MindSpring Enterprises, Inc. (NASDAQ: MSPG MSPG Mor Strioch Pian Gar (gaming) MSPG Middle School Parents Group MSPG Material/Military Support Planning Guidance ), Interliant, Inc. (NASDAQ: INIT), and Interland, Inc. Network Solutions also has entered into marketing agreements with companies like Yahoo! Inc. (NASDAQ: YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ). For Network Solutions: Media, Brian O'Shaughnessy, brianos@netsol.com, +1-703/326-6076. Investor Relations: Sean McClorey, smcclorey@netsol.com, +1- 703/ 326-6090. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion