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	<title>Comments on: Network Solutions bought for $20 million, sold for $800 million three years later</title>
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	<link>http://foliovision.com/2007/05/31/network-solutions-bought-for-20-million-sold-for-800-million-three-years-later</link>
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		<title>By: Bill Sheridan</title>
		<link>http://foliovision.com/2007/05/31/network-solutions-bought-for-20-million-sold-for-800-million-three-years-later#comment-20958</link>
		<dc:creator>Bill Sheridan</dc:creator>
		<pubDate>Tue, 29 Apr 2008 06:59:56 +0000</pubDate>
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		<description>That is not the best Network Solutions story.

SAIC bought Network Solutions for about 5 Million so they could get a government contract.  They kept the unit for a few years, took it public, and the stock went from $13 to over $400.  SAIC sold it to Verisign for billions . . .  then, Verisign, who paid way too much, had to write down the asset by billions only to sell Network Solutions it for $20 Million . . .

And, Network Solutions has gone from 11.2 million registrations to just over 6 million in the last 7 years.

Notwithstanding the fact that their price is an absolute rip off, their market share has steadily dwindled.

Now you know the rest of the story.</description>
		<content:encoded><![CDATA[<p>That is not the best Network Solutions story.</p>
<p>SAIC bought Network Solutions for about 5 Million so they could get a government contract.  They kept the unit for a few years, took it public, and the stock went from $13 to over $400.  SAIC sold it to Verisign for billions . . .  then, Verisign, who paid way too much, had to write down the asset by billions only to sell Network Solutions it for $20 Million . . .</p>
<p>And, Network Solutions has gone from 11.2 million registrations to just over 6 million in the last 7 years.</p>
<p>Notwithstanding the fact that their price is an absolute rip off, their market share has steadily dwindled.</p>
<p>Now you know the rest of the story.</p>
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