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Rictor · 12-29-2003, 01:44 PM

Domain interest rekindled
Anick Jesdanun
December 26, 2003

ONE more sign the technology sector is rebounding: an internet domain name is again commanding seven figures.

Last week, a Florida man sold men.com for $US1.3 million, a healthy profit over the $US15,000 he paid for it in 1997.

The buyers, largely entertainment industry folks who have opted to remain anonymous behind the acquiring company, men.com LLC, want to create a portal for men.

"In the last couple of years, the domain names were selling for significantly less than what they did in '99, 2000," said Monte Cahn, chief executive of Moniker Online Services, which brokered the sale.

He said the seven-figure price tag for men.com "is a big indicator of what's yet to come".

12-29-2003, 01:44 PM
Rictor Old Timer Industry Role: Join Date: Jan 2001 Location: Indianapolis Posts: 12,208	news.com.au reports on men.com sale Domain interest rekindled Anick Jesdanun December 26, 2003 ONE more sign the technology sector is rebounding: an internet domain name is again commanding seven figures. Last week, a Florida man sold men.com for $US1.3 million, a healthy profit over the $US15,000 he paid for it in 1997. The buyers, largely entertainment industry folks who have opted to remain anonymous behind the acquiring company, men.com LLC, want to create a portal for men. "In the last couple of years, the domain names were selling for significantly less than what they did in '99, 2000," said Monte Cahn, chief executive of Moniker Online Services, which brokered the sale. He said the seven-figure price tag for men.com "is a big indicator of what's yet to come".