30 Nov '12, 3pm

Mike Mann Just Saved Over $800,000 With Verisign’s No Rate Increase .Com Contract

(George Kirikos just pointed out that I did not take into account the compouding of the Verisign rate increase and he is correct so I have correct the math and the numbers) Mike Mann owns around 330,000 domain names. Based on Verisign’s contract renewal to operate the .Com registry over the next six years, without being able to raise their prices 7% in 4 out of 6 years, according to our calculation Mike Mann just saved almost $2 Million dollars. The current rate for a .Com registration or renewal is $7.85 Here is what the annual increase would have amounted to if Verisign would have been allowed to increase the wholesale price, the amount of the (increase) and the annual savings to Mike now that the price is locked in at $7.85: Year 1 increase: $8.40 (.55) $181,500 Year 2 Increase $8.99 (1.14) $376,200 Year 3 Increase $9.62 (1.77) $584,100 Year 4 Increase $10.29 (2.44) $80...

Full article: http://www.thedomains.com/2012/11/30/mike-mann-just-saved...

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