$8.95 Domain Names Transfers from Dotster

Cuban Investment A Boost for Domain Industry

Mark Cuban has been one of the most successful investors of the Internet era, with a reputation for recognizing trends early and selling at opportune moments (especially with Broadcast.com, which he co-founded and sold to Yahoo for $6 billion in 1999, prior to the dot-com collapse). While venture capitalists have been sizing up the domain name game for months, Cuban's investment in Register.com makes him perhaps the best-known investor putting money to work in the domain sector.

Since April 21, Cuban has invested approximately $18.3 million in shares of Register.com, according to SEC filings. Here's a breakdown of his purchases and the results thus far, based on today's closing price for RCOM of $7.83 a share:


cubanrcom2.png


Not counting transaction fees, Cuban is ahead about $923K on that $18.3 million investment - a gain of 5.05 percent in just over two months - and it's a fair bet that the price of Register.com will rise further as Cuban and Barington Companies vie for board seats. The attention to Cuban's investment is likely to focus additional attention on investment in the domain name market, which can only be good news for domain owners and portfolio owners.

    •   Posted by RichM July 5, 2005 | Permalink | Newsletter

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    Cuban Investment A Boost for Domain Industry - Jul 05, 2005


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