[Standard] NTT paid $5.5 billion *cash* for Verio

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From: Adam Rifkin -4K (adam@XeNT.ics.uci.edu)
Date: Wed May 10 2000 - 14:16:11 PDT

Would *you* pay $5.5 billion in *cash* for Verio? Me neither.

> From MediaGrok@bdcimail.com Wed May 10 07:02:02 2000

> ---------------------------------------------------------------------

> Late Starter NTT Moves on U.S., Europe

> Verio, which hosts 400,000 mostly small and medium-sized corporate Web
> sites in the U.S., got big by swallowing up local and regional
> Web-hosting and development companies. Now the Japanese telecom
> company NTT Communications is acquiring the acquirer, buying Verio for
> $5.5 billion in cash. The tab represents a steep premium on Verio's
> share price, which jumped 62 percent Monday on the news.

> The New York Times explained why, in an era when most Internet deals
> are consummated in stock, this one was done in cash. The Japanese
> government - which only recently deregulated telecommunications -
> still imposes restrictions on the sale of NTT stock.

> Writing for the Wall Street Journal, Robert A. Guth and Peter Landers
> reported Standard & Poor's warning that the deal might downgrade NTT's
> credit because of the bump the Verio deal would cause in the company's
> borrowing.

> Interactive Week's Max Smetannikov must have had his ear close to
> Verio. His coverage stood alone in noting that the deal followed
> several weeks of rumors. Smetannikov had a Verio VP confirming that
> the company had been approached by other unnamed suitors - another
> detail the other outlets didn't mention.

> The Journal bundled its Verio coverage with news of the international
> moves of NTT DoCoMo, the mobile sister company of NTT Communications.
> DoCoMo is buying 15 percent of the Dutch carrier KPN Mobile for $4.5
> billion. Yahoo ran a Reuters story by Karen Iley that dissected the
> DoCoMo-KPN deal in the context of the fast-consolidating European
> wireless market. Iley said KPN's stock price dropped on disappointment
> that a proposed deal with Spain's Telefonica had fallen through. In
> this light the DoCoMo deal looks like a rebound. - Keith Dawson

> NTT to Purchase Verio for $5.5 Billion
> http://www.thestandard.com/article/display/0,1151,14892,00.html?nl=mg

> NTT Communications to Buy Verio
> http://www.nytimes.com/library/tech/00/05/biztech/articles/09network.html
> (Registration required.)

> Verio Acquisition Gives NTT a Global Presence
> http://interactive.wsj.com/articles/SB957814963997707057.htm
> (Paid subscription required.)

> NTT Buys Verio for $5.5 Billion
> http://www.zdnet.com/intweek/stories/news/0,4164,2564637,00.html

> Japan's NTT Buys Verio for $5.5 Billion
> http://www.internetnews.com/bus-news/article/0,2171,3_356551,00.html

> Japan's NTT Buying ISP Verio (AP)
> http://www.washingtonpost.com/wp-dyn/articles/A26439-2000May8.html

> 1-KPN Tumbles as NTT DoCoMo Deal Disappoints (Reuters)
> http://dailynews.yahoo.com/h/nm/20000509/tc/telecoms_docomo_1.html

> ---------------------------------------------------------------------

> Napster's "Conduit" Defense Doesn't Do It

> Score another one for the RIAA. First they beat MP3.com, and now a
> judge has refused to throw the Napster copyright-infringement lawsuit
> out of court.

> We can just picture ubiquitous RIAA boss Hilary Rosen lifting a
> celebratory glass of bubbly with Metallica.

> Napster's big defense was a "safe harbor" provision in the Digital
> Millennium Copyright Act. The provision states that ISPs aren't liable
> for hanky-panky that happens via their pipes. We're just a service
> provider, said Napster, a "mere conduit." Nothin' doin', said the
> judge. She also suggested that Napster blew its safe harbor on a
> technicality - by failing to post a written policy on the subject of
> copyright. It's got one now, but it may be too late.

> Napster supposedly cancels the accounts of music pirates, but the
> judge criticized the company for being soft on "repeat offenders."
> Because real names and IP addresses aren't linked with Napster
> accounts, it's easy for booted users to set up a new account.

> Next stop: the Betamax defense. In 1983, a judge ruled that copying
> devices such as VCRs are legit as long as the technology can also be
> used in legal ways. Once Napster finishes comparing itself to Xerox
> machines and tape recorders, it may try likening itself to a search
> engine, according to the Wall Street Journal, because search engines
> are protected by federal law.

> More time in the courtroom could hit Napster where it really hurts:
> the wallet. Potential investors could be scared off by an extended
> court case, said Salon, and Napster lacks the funds for drawn-out
> legal battles or music-industry reparations. Unless its luck changes
> soon, Napster may follow Betamax in more ways than one. - Jen
> Muehlbauer

> Napster Loses Preliminary Court Battle
> http://www.boston.com/dailyglobe2/130/living/Napster_loses_preliminary_court_battle+.shtml

> Judge Rules on 2 Issues in Music Case
> http://www.nytimes.com/library/tech/00/05/biztech/articles/09music.html
> (Registration required.)

> Napster's 'Safe Harbor' Sinks
> http://www.wired.com/news/politics/0,1283,36191,00.html

> Napster Case to Be Heard by Court (Reuters)
> http://www.zdnet.com/zdnn/stories/news/0,4586,2564951,00.html

> Napster Loses Round in Efforts By Music Industry to Shutter It
> http://interactive.wsj.com/articles/SB957829189796006031.htm
> (Paid subscription required.)

> Napster to Face Trial on Music Piracy Claims
> http://news.cnet.com/news/0-1005-200-1839039.html

> RIAA 1, Napster 0
> http://www.salon.com/tech/feature/2000/05/09/napster_lawsuit/index.html

> Judge Rules Napster Can Be Held Liable for Monetary Damages
> http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2000/05/09/state0108EDT0289.DTL&type=tech_article

> Judge Refuses to Dismiss Record Industry's Napster Suit
> http://www.sonicnet.com/news/story.jhtml?genreNameForDisplay=Rock&genreDirectoryName=rock&id=871766

> Napster's Initial Defense Rejected by Judge
> http://www.livedaily.com/archive/2000/2k05/wk2/NapstersInitialDefenseRej.html

> RIAA Wins First Round With Napster
> http://www.rollingstone.com/sections/news/text/newsarticle.asp?afl=&NewsID=10771&ArtistID=2768

> ---------------------------------------------------------------------

> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> A Brand Called Stanford
> After years of incubating Silicon Valley successes, the university
> wants to profit from its own intellectual property.
> http://www.thestandard.com/article/display/0,1151,14910,00.html?nl=mg

> Santana Will Jam With StarMedia
> The Latin American portal will sponsor the guitarist's North American
> tour and Webcast two concerts.
> http://www.thestandard.com/article/display/0,1151,14907,00.html?nl=mg

> Sony Shuffles Its Top Executives
> http://www.thestandard.com/article/display/0,1151,14906,00.html?nl=mg

> Philippines 'Love Bug' Suspect Ordered Freed
> http://www.thestandard.com/article/display/0,1151,14913,00.html?nl=mg

> FBI Launches New Online-Fraud Squad
> http://www.thestandard.com/article/display/0,1151,14899,00.html?nl=mg

> ---------------------------------------------------------------------

> ~~~~~~~~~~
> U.S. Launches Site to Curb Web Fraud
> http://www.washingtonpost.com/wp-dyn/articles/A29693-2000May8.html

> Microsoft Wins Another Round in Java Battle
> http://news.cnet.com/news/0-1003-200-1841480.html

> Strange Brew: Booze Ads on Kids' Sites
> http://www.zdnet.com/zdnn/stories/news/0,4586,2565086,00.html

> Cisco Drags Tech Stocks Lower
> http://www.forbes.com/tool/html/00/May/0508/mu6.htm

> House to Vote on Net Tax Ban
> http://www.nytimes.com/library/tech/00/05/cyber/capital/09capital.html
> (Registration required.)

> Oracle to Try Again With Simple, Cheap PC
> http://www.msnbc.com/news/404848.asp

> Network Solutions, AOL Ink Marketing Deal
> http://www.internetnews.com/bus-news/article/0,2171,3_356731,00.html

> ~~~~~
> Written by Deborah Asbrand (dasbrand@world.std.com), Keith Dawson
> (dawson@world.std.com), Michelle Goldberg (michelle@shift.com),
> Jen Muehlbauer (jen@englishmajor.com), David Sims (davesims@sonic.net),
> and Peg Wallace (pegw@ix.netcom.com).

> Edited by Thomas Goetz (thomasg@thestandard.com).

> Copy Edited by Jim Duffy (jduffy@thestandard.com).

> ~~~~~~~~~~~~~~~~
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Just think if Snoop Doggy Dogg had been able to copyright the word "beotch"?! -- Antoun Nabhan

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