VeriSign Announces Increase in .Com/.Net Domain
Name Fees
MOUNTAIN VIEW, CA – March 27, 2008 – VeriSign, Inc. (NASDAQ:
VRSN), the leading provider of Internet infrastructure for the networked
world, today announced, effective as of October 1, 2008, an increase
in registry domain name fees for .com and .net, per its agreements with
ICANN.
VeriSign announced that the registry fee for .com
domain names will increase from $6.42 to $6.86 and that the registry
fee for .net domain names will increase, from $3.85 to $4.23.
Traffic volume continues to increase with the emergence
of consumer-driven services, the surge in Web-connected wireless devices
and the proliferation of technologies and services using the Domain
Name System (DNS). VeriSign processes a peak of more than 33 billion
DNS queries per day under normal traffic conditions.
The .com and .net infrastructures are continually
being fortified and scaled to defend against increasingly sophisticated
cyber attacks and to help protect against service disruptions. VeriSign
is increasing the capacity of its global Internet infrastructure by
ten times by the year 2010. Additionally, 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 more than 20
gigabits per second (Gbps) to greater than 200 Gbps per second. VeriSign
will also expand its deployment of Regional Internet Resolution Sites
to more than 100 locations across the globe by 2010. VeriSign is also
deploying new proprietary security upgrades and monitoring tools to
identify, track and isolate malicious Internet traffic generated from
cyber attacks.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates Internet infrastructure services
that enable and protect billions of interactions every day across the
world’s voice, video 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 © 2008 VeriSign, Inc. All rights reserved.
For more information, contact:
VeriSign Media Relations: Rufus Manning, rmanning@verisign.com,
703.948.4126
VeriSign Investor Relations: Nancy Fazioli, nfazioli@verisign.com,
650.426.5416
VeriSign Industry Analyst Relations: Katie Sheldon Hammler, khammler@verisign.com
703.948.4367
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; potential fluctuations in quarterly
operating results due to such factors as the risk that VeriSign's announcements
may not result in additional products, services, customers, profits
or revenues; and increased competition and pricing pressures. 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, 2007 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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