Internet "Pioneer" Wins Auction

Published: 13 August 1999 y., Friday
Drugs.com, the latest high-profile Internet domain name to be put up for sale, has been auctioned off for $823,456 to a soon-to-be-identified ``pioneer' of the World Wide Web, auction broker GreatDomains.com announced Monday. GreatDomains, in a move that appears calculated to stir up further interest following last week_s auction, said it will unveil the name of the buyer Friday at a news conference in San Francisco. GreatDomains said the buyer, who is traveling internationally until Friday, also will appear at the event and unveil his plans for using drugs.com. The name currently exists only as a site address owned by 22-year-old Internet entrepreneur Eric MacIver of Phoenix. MacIver, operator of five-employee Web site designer Sandline Productions, bought the name in May with the goal of opening an online pharmacy. But then he decided to put the name up for sale with a $260,000 asking price. MacIver said Monday that he will use the auction proceeds to triple the size of Sandline over the next three months and open a Web-based bed-and-bath store in the next six months. MacIver and several analysts had predicted the bid for drugs.com which receives more than 4,000 hits per day even though no site actually exists could top $1 million because of the potential for selling prescription and over-the-counter drugs on the Internet. Upstarts such as drugstore.com and PlanetRX.com already have started trying to snag Web-savvy customers seeking discounts and convenience. Additionally, the notion of a million-dollar sale for a Web site is not far-fetched since a similar name with high a recognition factor wallstreet.com sold in May to an online casino for $1.03 million.
Šaltinis: Daily News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Commission recommends to open excessive deficit procedures for Cyprus, Denmark and Finland

The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council. more »

Globalisation fund: Parliament backs aid to Ireland and Spain

Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers. more »

Budget 2011 negotiations coming closer - MEPs decide on tactics

MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget. more »

EU-China research cooperation in the spotlight at World Expo Shanghai

The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai. more »

European Investment Bank and European Commission to explore EU climate finance initiative

European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December. more »

Interconnected energy grid - a first step towards an EU energy community

Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community. more »

European Commission set to help Palestinian economy with full opening of EU market

EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets. more »

Affordable hybrid cars, bus systems that get people out of cars, “intelligent” cargo and much more: Brussels showcase for smarter and greener transport innovation

Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week. more »

Galileo: European alternative to GPS needs more funding

Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American. more »

Conference to present the future of transport networks in Europe

The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June. more »