New domains could be virtual gold rush
On paper, it has the makings of a land rush worthy of Horace Greeley: two new Internet top level domains (TLDs) being made available to the rapacious hordes eager to stake their claims on the digital frontier.
In reality, however, the process of assigning .biz and .info World Wide Web addresses is likely to resemble the current state of the stock market: a series of fits, starts and corrections.
GOOD NEWS/BAD NEWS
"It has the potential to be a big nightmare," said Steve Neils, co-founder and president of Milwaukee's AbsoluteBusiness L.L.C., home of Absolutebusiness.net, "It has the potential to be a phenomenal opportunity. For the majority of businesses that get involved, it's probably going to be a little of both."
The move to create new addresses was authorized by the Internet Corp. for Assigned Names & Numbers at its July 2000 meeting in Japan. In November …