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

MEPs secure overhaul of EU financial regulation

The financial and economic crisis has shown that reckless behaviour of banks and other financial institutions can have serious and costly consequences for Europe's economy and its people. more »

MEPs back unspent money for local energy & transport investment

Local services that create jobs and improve energy efficiency received a boost Thursday (2 September) when MEPs on the Industry, Research and Energy Committee approved plans for more investment. more »

The European Union approves EUR 264 million to help 19 African, Caribbean and Pacific States face the consequences of the economic crisis

The European Commission approved the first financing decisions under the EUR 264 million 2010 allocation for the so-called Vulnerability FLEX mechanism to help the most vulnerable African, Caribbean and Pacific countries cope with the impact of the global financial crisis and economic downturn. more »

Commission adds two Ghanaian airlines to the EU list of air carriers subject to an operating ban

The European Commission has today updated the list of airlines banned in the European Union to impose an operating ban on one air carrier from Ghana and to place operating restrictions on another air carrier from that country. more »

€7.5 million of EU funds to help 951 former workers in marine manufacturing in Denmark find new jobs

The European Commission today approved an application from Denmark for assistance under the European Globalisation adjustment Fund (EGF). more »

Commissioner Šemeta visits China to boost cooperation in custom controls and tackling counterfeit goods

Algirdas Šemeta, EU Commissioner for Taxation, Customs Union, Anti-Fraud and Audit, will open tomorrow an international conference at the Shanghai World Expo 2010 on building bridges to facilitate trade between China and the EU. more »

€90 million EU grant to crisis-hit Moldova approved by EP Trade Committee

Moldova is set to receive an EU grant of up to €90 million to help it through the financial crisis, following a vote at Parliament's Committee on International Trade on Monday. more »

August 2010: Business Climate Indicator for the euro area remains broadly unchanged

Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date. more »

Spring 2010 Eurobarometer: EU citizens favour stronger European economic governance

75% of Europeans think that stronger coordination of economic and financial policies among EU Member States would be effective in fighting the economic crisis, according to the Spring 2010 Eurobarometer, the bi-annual opinion poll organised by the EU. more »

State aid: Commission extends the Slovenian bank liquidity support scheme

The European Commission has extended until the end of the year the liquidity support scheme for banks in Slovenia. more »