Feeds

America.com auction fails to hit cash target

Sub-prime web real estate

Beginner's guide to SSL certificates

America.com, assumed to be one of the web's most valuble addresses, has disappointed its owner by failing to sell at auction, prompting fears that the property slump has spread to digital real estate.

Bidding last week reached only $1.71m, millions short of the seller's expectations. Prior to the auction some in the domain business had speculated that America.com would top the $12.5m paid for Sex.com.

The world record price for a domain was smashed last year by the sale of Business.com to a phone directory publisher for $350m.

The America.com auction was run by domain reseller Sedo for an unidentified owner. Nora Nanayakkara, the firm's director of business development said: "The fact America.com didn't hit its reserve price belies the fact bidding did reach a huge valuation but the seller understandably has very high expectations for that domain."

"However, sometimes it is just a case that the extent of the paperwork and due diligence required on the part of the most determined buyers is simply at odds with the time left to bid in the auction. Buying a multi-million dollar domain name is not quite so easy to reconcile on the spur of the moment as buying concert tickets on eBay, even when the business case is rock solid."

Others are wondering whether America.com's failure to hit target is the first sign of the global economic downturn hitting the domain business. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.