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Posts from — February 2012

29 March is Last Day to Register as New gTLD Applicant

February 29, 2012   No Comments

29 March is Last Day to Register as New gTLD Applicant

February 29, 2012   No Comments

29 March is Last Day to Register as New gTLD Applicant

February 29, 2012   No Comments

You Should Keep In Mind The Huge Tax Hikes Coming Next Year When Deciding Whether To Sell Domains

If you make $200K or more there is a huge tax hike coming for next year if you are in the United States.

In the domain business it can only tax one domain name sale to put you over the top into the “rich people” tax bracket.

Its pretty hard to keep politics out of any discussion about taxes but we are going to try to stick to the facts

If your pondering a big sale there are some tax implications you should be aware of:

Starting in 2013, families whose overall income is above $250,000 (individuals with income over $200,000) will pay an additional tax of 3.8% on taxable investment income (e.g., interest, dividends, capital gains, rents, royalties) to pay for the health care reform and the Bush tax breaks also expire.

So with the combination for 2013, the The top tax rate on ordinary income will rise from 35% to 43.4%.

The top tax rate on capital gains will rise from 15% to 23.8%

The top tax rate on dividends will rise from 15% to 43.4%

All and all its a very substantial tax increase percentage wise from 33% to 300%.

Take note that these tax rates will go into effect unless Congress passes a bill to lower the tax rates and the President signs the bill, which is extremely unlikely to happen, so to be clear if there is inaction these new tax rates go into effect on January 1, 2013.

Also you should note that President Obama has is on record wanting to increase the capital gains rates to 30% on those making $1M or more so the tax increases that go into effect in 2013 may go even higher for some.

You should understand that for many domainer the same dollar sale this year is going to be taxed at a much lower rate than if the domain sells next year.…

February 29, 2012   No Comments

Grandparents.com Last Sold In 2010, Becomes A Public Company & Raises $3 Million

Grandparents.com, Inc., has become a public company.

The domain was acquired by the owners in 2010.

According to a Press Release today, “the company formerly known as NorWesTech, Inc. (OTCBB: NWTH), a Delaware corporation (the “Company”), announced today that it completed a reverse acquisition transaction with Grandparents.com, LLC (“GP”) in which GP contributed substantially all of its assets to the Company in exchange for which the Company assumed certain liabilities of GP and issued one share of the Company’s newly designated Series A convertible preferred stock and a warrant to purchase shares of the Company’s common stock to GP.”

“An 8-K describing the transaction is available for review on the SEC website: http://sec.gov/Archives/edgar/data/1020475/000114420412011188/0001144204-12-011188-index.htm.”

“As a result of the transaction, the Company now owns and operates www.grandparents.com and owns all of the related trademarks and intellectual property.”

“In addition, GP now holds a controlling interest in the Company.”

“Pending the issuance of a new trading symbol, the Company’s common stock will continue to trade under its existing symbol, NWTH.OB.”

“Grandparents.com’s core mission is “enhancing relationships between the generations and enriching the lifestyle of grandparents and the age 50+ community.” The website primarily targets the 70 million grandparents in the United States and also the 50 million “boomers” and seniors that are not grandparents. ”

“Members of the website have access to a range of features including groups, discussions, blogs, and features the Grandparents.com Benefits Club, which was launched in January 2011 through which over 200 marketing partners offer discounts and other benefits to website members on a variety of products and services, including financial, insurance and other products. :

“The website also features other stores, including the Grandparents.com Book Shop, which was launched in the fourth quarter of 2011 with over one million titles, including eBooks.”

“The Company, now headquartered in New York, New York, will continue to operate and develop the grandparents.com website under a management team that acquired the website from its founders in mid-2010.”

“The management team includes executive officers who served in similar capacities for GP, including one of the world’s most renowned artist managers, Steve Leber, Chairman and Co-Chief Executive Officer, NY real estate developer Joseph Bernstein as Co- Chief Executive Officer and Chief Financial Officer, and Jeffrey Mahl, a veteran of Internet ventures, including as Sr. V.P. at ESPN, Inc., as President and Chief Operating Officer. A new five-member board of directors brings significant qualifications to the Company, and includes three present members of GP’s board of managers and two additional directors.…

February 29, 2012   No Comments

IBM Busts Record for ‘Superconducting’ Quantum Computer

From WIRED

Today’s quantum computers are no more than experiments. Researchers can string together a handful of quantum bits — seemingly magical bits that store a “1″ and “0″ at the same time — and these ephemeral creations can run relatively simple algorithms. But new research from IBM indicates that far more complex quantum computers aren’t that far away.

On Tuesday, IBM revealed that physicists at its Watson Research Center in Yorktown Heights, New York have made significant advances in the creation of “superconducting qubits,” one of several research fields that could eventually lead to a quantum computer that’s exponentially more powerful than today’s classical computers.

According to Matthias Steffen — who oversees Big Blue’s experimental quantum computing group — he and his team have improved the performance of superconducting qubits by a factor of two to four. “What this means is that we can really start thinking about much larger systems,” he tells Wired, “putting several of these quantum bits together and performing much larger error correction.”

For the full skinny go HERE.

February 29, 2012   No Comments

WIPO Domain Name Decision D2011-2226 for erosreviews.com

WIPO Domain Name Decision for erosreviews.com

February 29, 2012   No Comments

WIPO Domain Name Decision D2012-0043 for fantasyisland.com

WIPO Domain Name Decision for fantasyisland.com

February 29, 2012   No Comments

WIPO Domain Name Decision D2012-0003 for volvoconcept.com, volvoenvironment.com

WIPO Domain Name Decision for volvoconcept.com, volvoenvironment.com

February 29, 2012   No Comments

WIPO Domain Name Decision D2011-2016 for lobjet.com

WIPO Domain Name Decision for lobjet.com

February 29, 2012   No Comments