Tuesday, February 10, 2009
Tucows Sells $1M Domain Name Portfolio; Domain Parking Flat
On the conference call, Tucows CEO Elliot Noss said the continuation deal gives a buyer rights to buy expired domainnames from Tucows as they expire. The company just inked a deal to send domain names to NameJet. It sounds like Tucows has a separate deal to offer expiring domains to a third partybuyer either before domains go to NameJet or sell remnants that aren’t purchased at NameJet. I have contacted Tucows for clarification.
In a positive sign for the domain name parking business, Tucows reported that its domain name parking revenue flatlined over the fourth quarter, ending a trend of dropping revenue.Tucows continues to grow its domain name registration business,with new registrations up 9% compared to the same quarter lastyear and renewals up 15%. Since its domain names are mostly sold through resellers such as web hosts, Tucows says it has a higher proportion of domain names in use (as opposed to parked)compared to other domain registrars.
The company also announced it is purchasing up to 4 million shares of its stock for 32-45 cents each
Posted by The Chef at 8:32 AM