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Australian 'Net God' Refuses to Profit From IPO

Posted by ryuzaki0 on from the rare-and-laudable-purity dept.

Lansdowne writes "Robert Elz, a 'mildly eccentric' programmer in the CS department of Melbourne University and the administrator of the .au domain, refused to take part in last week's A$93 million IPO of Melbourne IT, the university's commercial arm. He has been quoted as saying that administrators should not financially benefit from registering domain names. Melbourne IT registers .com.au names as the Australian equivalent of NSI. Read the Sydney Morning Herald's story for the scoop. "

1 of 81 comments (clear)

  1. TLD Worth $136M ? ? I think not by Money__ · · Score: 4
    Robert Elz will prove to be correct in the long run. The article points out that Melbourne IT is now listed at 136 Million dollars.

    Now I can see that it's not just the USA stock market that laughably overvalues it's internet stocks, in fact, the entire world overvalues anything that has to do with the practice of internetworking computers (a 30+ year old technology).

    The internet bubble will adjust it's valuation (read:crash) and people will wake up to find they invested there life savings in a Pentium II on a fractional T1 in the university janitors closet.

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