A
brand name only a sucker could love:
Microsoft pulls the plug on RealNames.
SEATTLE, May 14, 2002. In a sudden turn of events, RealNames
promptly folded yesterday after its partner, Microsoft, pulled the
plug on future partnering.
RealNames bet $100 million
of venture capital that companies would be willing to pay good money to
buy their keywords in addition to domain names. The ex-company still holds
fast to the notion that buying keywords is
the wave of the future:
RealNames has ceased normal
business operations and commenced an orderly wind down of its business.
This is a necessary step, given Microsoft's decision, but an unfortunate
one. The growth in Keyword usage clearly demonstrates that Keywords
are the next generation naming system. Nonetheless, without our key
distributor, it does not make sense to keep the business active in its
current form.
Another shoe has dropped into
the Internet bubble bath -- perhaps the economy is finally poised to recover.
Keyword: aloha.
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