Hello,

    As governors of the Domain Name System, ICANN must act in the public’s best interest and stop the proposed .Com price increase.  It is unwarranted and will not result in Verisign "enhancing the security, stability, and resiliency of the Domain Name System" as called for in Amendment 3.  

I analyze stocks for a living.  Verisign is already wildly profitable.  They’ve had ample cash flow available for years to make such enhancements however their executives have instead chosen to use it for stock buy backs.  SEC filings show that over the past 5 years Verisign generated $3.5B in cash flow from operations.  Of that, they have used over $3.3B to repurchase their stock while spending only $194M in capital expenditures.  In 2019 alone they spent $783M buying back their shares.  How can ICANN justify any rise in price on .Com registrants in the face of such corporate greed?       

If you allow Amendment 3 to go forward you will merely further enrich VRSN shareholders at the expense of the general public. 

Sincerely,

Jeff Ducharme