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Verisign Inc

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BUSINESS
March 2, 2001 | Bloomberg News
VeriSign Inc., which registers Web site addresses, agreed to give up control of Internet domain names ending in .net and .org in return for the right to manage the .com registry through at least 2007. The news sent VeriSign shares up $6.31, or 13%, to close at $54 on Nasdaq. A previous agreement had allowed VeriSign to manage the entire Web-address database until 2007 if it spun off its business that sells addresses by May 10.
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BUSINESS
July 13, 2007 | From the Associated Press
VeriSign Inc. said Thursday that its chief financial officer had resigned and that the company had recorded $160 million in additional compensation expenses because of mishandled stock option grants. Mountain View, Calif.-based VeriSign, which manages the ".com" and ".net" domain name registry, said in filings with the Securities and Exchange Commission that an internal review had found problems with 8,164 stock option grants made on 41 dates from 1998 to 2006.
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BUSINESS
May 6, 2007 | From Times Wire Services
A leading provider of digital-security services wants to make disposable passwords easier for consumers to accept by squeezing the technology into the corner of a regular credit or ATM card. Fran Rosch, vice president for authentication services at VeriSign Inc., said the one-time passwords had not taken off in the United States partly because consumers needed to carry a small device that generates passwords on the fly.
BUSINESS
May 6, 2007 | From Times Wire Services
A leading provider of digital-security services wants to make disposable passwords easier for consumers to accept by squeezing the technology into the corner of a regular credit or ATM card. Fran Rosch, vice president for authentication services at VeriSign Inc., said the one-time passwords had not taken off in the United States partly because consumers needed to carry a small device that generates passwords on the fly.
BUSINESS
August 28, 2004 | From Reuters
A federal judge in Los Angeles has thrown out VeriSign Inc.'s antitrust claims against an Internet regulatory body, saying rivals did not unfairly influence a decision to block a controversial VeriSign search service. Although rivals certainly have a voice in the Internet Corp. for Assigned Names and Numbers, or ICANN, they bear no outsize influence in the international body's affairs, U.S. District Court Judge Howard Matz said. Mountain View, Calif.
BUSINESS
October 17, 2003 | From Bloomberg News
VeriSign Inc., three years after acquiring Network Solutions for $15.3 billion in the Internet-stock boom, agreed to sell the Web address sales unit of the business to an investment firm to boost revenue. Mountain View, Calif.-based VeriSign said it would get $60 million and a $40-million note from the buyer, Pivotal Private Equity. VeriSign will keep a business that operates the database of 27 million Internet-site addresses and guides the flow of data among computers.
BUSINESS
December 1, 2006 | From Bloomberg News
VeriSign Inc., the main manager of the Internet address database, said the Commerce Department approved a contract extending its control over websites ending in .com for six more years. Its shares rose 7.5%. The contract, negotiated between VeriSign and the Internet Corp. for Assigned Names and Numbers, allows the Mountain View, Calif., company to raise prices four of the next six years.
BUSINESS
January 11, 2005 | From Dow Jones/Associated Press
VeriSign Inc. has agreed to acquire LightSurf Technologies Inc., a pioneer in cellphone photography led by entrepreneur Philippe Kahn, for $270 million in stock. The deal represents an expansion in the mobile market for VeriSign, a Mountain View, Calif., provider of telecommunications and Internet services. Kahn, 52, is expected to remain with VeriSign. Closely held LightSurf has 250 employees, half at its headquarters in Santa Cruz and the rest in Bangalore, India.
BUSINESS
October 4, 2003 | From Associated Press
The Internet's key traffic cop bowed to pressure and agreed to suspend a new online search service blamed for such side effects as disabling junk e-mail filters and networked printers. The decision came hours after the Internet Corp. for Assigned Names and Numbers, the main oversight body for the Internet, threatened to sue VeriSign Inc. unless it shut its Site Finder service. The company manages ".com" and ".net" addresses as well as the global network's central directory computers.
BUSINESS
December 21, 1999 | Bloomberg News
VeriSign Inc., a maker of Internet-security software, agreed to buy two closely held software companies for $1.3 billion in stock to expand its products used in electronic commerce. VeriSign said it will buy Redwood Shores, Calif.-based Signio Inc., which makes software that links online retailers to payment-processing companies, for stock valued at $733.3 million. VeriSign also bought Thawte Consulting of South Africa for stock valued at $575 million.
BUSINESS
January 5, 2007 | From Bloomberg News
Broadcom Corp. of Irvine was among a handful of California companies that raised the exercise prices of some executives' stock options Thursday to avoid tax penalties. Broadcom, along with Marvell Technology Group, VeriSign Inc. and UTStarcom Inc., increased the exercise prices to make them equal the market value of shares on the dates options were granted, the companies said in regulatory filings.
BUSINESS
December 1, 2006 | From Bloomberg News
VeriSign Inc., the main manager of the Internet address database, said the Commerce Department approved a contract extending its control over websites ending in .com for six more years. Its shares rose 7.5%. The contract, negotiated between VeriSign and the Internet Corp. for Assigned Names and Numbers, allows the Mountain View, Calif., company to raise prices four of the next six years.
BUSINESS
November 22, 2006 | From Bloomberg News
VeriSign Inc., one of dozens of companies under federal investigation for backdated options, may take charges totaling $250 million to correct its accounting. While misdated option grants from 2001 to 2005 are still being investigated by a committee of directors, VeriSign will restate earnings for those years to correct its books, the company said in a statement. VeriSign, which registers Web addresses on the Internet and is based in Mountain View, Calif.
BUSINESS
September 13, 2006 | From Reuters
News Corp. has agreed to buy 51% of mobile-phone ring-tone firm Jamba for about $188 million from VeriSign Inc. News Corp., the U.S.-based media conglomerate owned by Rupert Murdoch, said Tuesday that it planned to merge the global Jamba brand and the accompanying U.S. Jamster brand with its Mobizzo unit, which sells short video clips of TV programs including "24."
BUSINESS
November 30, 2005 | From Associated Press
Companies that sell and broker Internet domain names have filed two lawsuits against VeriSign Inc. and its oversight agency, accusing them of price-fixing and other anti-competitive practices. The federal antitrust lawsuits are primarily over a proposed extension to a contract VeriSign has with the Internet Corp. for Assigned Names and Numbers to run the main database for the ".com" suffix, the most popular one online.
BUSINESS
October 20, 2005
* VeriSign Inc., the main manager of the Internet address database, said third-quarter profit increased 10% after it won more security and website registration sales. The Mountain View, Calif., company reported net income of $44.6 million, or 17 cents a share, compared with $40.4 million, or 16 cents, a year earlier. Revenue rose 27% to $414.8 million. * K2 Inc., maker of Rawlings-brand and other sporting goods, said third-quarter net income rose 26.5% to $16.7 million as sales rose 2.
BUSINESS
September 25, 2001 | Associated Press
VeriSign Inc. said it will acquire Illuminet Holdings Inc. for $1.2 billion in stock, allowing it to further broaden its communications technology holdings, which include Web identity, authentication and secure-payment systems. Illuminet, based in Olympia, Wash., is one of the largest providers of signaling technology, the equipment that allows phone companies to connect calls across different networks. VeriSign said that no layoffs are expected at either company.
BUSINESS
November 30, 2005 | From Associated Press
Companies that sell and broker Internet domain names have filed two lawsuits against VeriSign Inc. and its oversight agency, accusing them of price-fixing and other anti-competitive practices. The federal antitrust lawsuits are primarily over a proposed extension to a contract VeriSign has with the Internet Corp. for Assigned Names and Numbers to run the main database for the ".com" suffix, the most popular one online.
BUSINESS
January 11, 2005 | From Dow Jones/Associated Press
VeriSign Inc. has agreed to acquire LightSurf Technologies Inc., a pioneer in cellphone photography led by entrepreneur Philippe Kahn, for $270 million in stock. The deal represents an expansion in the mobile market for VeriSign, a Mountain View, Calif., provider of telecommunications and Internet services. Kahn, 52, is expected to remain with VeriSign. Closely held LightSurf has 250 employees, half at its headquarters in Santa Cruz and the rest in Bangalore, India.
BUSINESS
August 28, 2004 | From Reuters
A federal judge in Los Angeles has thrown out VeriSign Inc.'s antitrust claims against an Internet regulatory body, saying rivals did not unfairly influence a decision to block a controversial VeriSign search service. Although rivals certainly have a voice in the Internet Corp. for Assigned Names and Numbers, or ICANN, they bear no outsize influence in the international body's affairs, U.S. District Court Judge Howard Matz said. Mountain View, Calif.
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