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Press Release |
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VeriSign Announces Increase in .Com/.Net Domain Name Fees
London – April 5, 2007 – VeriSign, Inc. (NASDAQ: VRSN), the
leading provider of digital infrastructure for the networked world,
today announced, effective Oct. 15, 2007, an increase in registry domain
name fees for .com and .net, per its agreements with ICANN.
VeriSign announced that as of Oct. 15, 2007, the registry
fee for .com domain names will increase from $6.00 to $6.42 and that
the registry fee for .net domain names will increase, from $3.50 to
$3.85. This will be the first registry fee increase for .com and .net
since the fee structure was put in place by ICANN in 1999.
Since 1999, the volume of Internet traffic and domain
name system (DNS) queries on VeriSign’s global infrastructure has increased
from an average of 1 billion queries per day in the year 2000 to nearly
30 billion queries per day today. Traffic volume continues to increase
with the emergence of consumer-driven services, the surge in web-connected
wireless devices and the proliferation of DNS-centric technologies and
services. In addition, the .com and .net infrastructures are continually
being fortified and scaled to defend against increasingly sophisticated
cyber attacks. Security exploits have grown by 700 percent since 2000
and are projected to increase by 50 percent in 2007 and 2008.
To address the increase in both DNS volume and cyber
attacks, VeriSign recently announced a major initiative entitled Project
Titan to expand the capacity of its global Internet infrastructure by
ten times by the year 2010. Under Project Titan, over the next
three years VeriSign will increase its daily DNS query capacity from
400 billion queries a day to over 4 trillion queries a day and will
increase the aggregate network bandwidth of its primary resolution centers
around the world from over 20 gigabits per second (Gbps) to greater
than 200 Gbps per second. VeriSign will also expand its deployment of
Regional Internet Resolution Sites to over 100 locations across the
globe by 2010.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates digital infrastructure
services that enable and protect billions of interactions every day
across the world’s voice and data networks. Additional news and information
about the company is available at www.verisign.com.
Trademarks
VeriSign, and other trademarks, service marks, and logos are
registered or unregistered trademarks of VeriSign and its subsidiaries
in the United States and in foreign countries.
Copyright © 2007 VeriSign, Inc. All rights reserved.
For more information, contact:
VeriSign Media Relations:
Victoria Henry, vhenry@verisign.com
+44 (0) 20 8600 0723
Catriona Jackson, Weber Shandwick, VerisignLondon@webershandwick.com
+44 (0) 20 7 067 0289
VeriSign Investor Relations: Ken Bond, kbond@verisign.com,
001 650.426.3744
Statements in this
announcement other than historical data and information constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These statements
involve risks and uncertainties that could cause VeriSign's actual results
to differ materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among others,
the uncertainty of future revenue and profitability and potential fluctuations
in quarterly operating results due to such factors as the inability
of VeriSign to successfully develop and market new products and services,
and implement price increases, and customer acceptance of any new products,
services, or price increases, including the price increases mentioned
herein; the possibility that VeriSign’s announced new products, services
and price increases may not result in additional customers, profits
or revenues; and increased competition. More information about potential
factors that could affect the company's business and financial results
is included in VeriSign's filings with the Securities and Exchange Commission,
including in the company's Annual Report on Form 10-K for the year ended
December 31, 2005 and quarterly reports on Form 10-Q. VeriSign undertakes
no obligation to update any of the forward-looking statements after
the date of this press release.
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