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Government May Not Renew Contract, Says Verisign

"The Commerce Department, together with the Department of Justice, is reviewing the .com Registry Agreement's pricing terms," the company said in a statement on Thursday. The decline in new domain name registrations was mainly due to search engine adjustments that affect domain monetization, Chief Executive Jim Bidzos said on a conference call with analysts. Verisign also said it was facing weak international renewal rates because of the economic problems in Europe.

Read full story: Reuters

Related topics: Domain Names, Registry Services, Top-Level Domains

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