Cannell

  • Activist investor says eNom was sold too cheap

    … J Carlo Cannell, the activist investor who has been circling Rightside for the last year or so, was unimpressed with the company’s recent sale of eNom to Tucows. In a letter published as a Securities and Exchange Commission filing last week, Cannell announced that he has started up a support group for fellow “concerned” investors…

    Kevin Murphy/ DomainIncite- 24 readers -
  • Rightside sells eNom to Tucows for $83.5m

    … Tucows is to become “the second largest registrar in the world” by acquiring eNom from Rightside, paying $83.5 million. The deal will give Tucows another 14.5 million domains under management and 28,000 resellers, giving it a total of 29 million DUM and 40,000 resellers. That DUM number, which appears to include ccTLDs, makes Tucows…

    Kevin Murphy/ DomainIncite- 33 readers -
  • Rightside refuses Donuts “opportunistic” $70m gTLD offer

    … dissatisfaction with Rightside’s success rate with new gTLDs today. Activist investor J Carlo Cannell and Uniregistry CEO Frank Schilling, both of whom own small but significant chunks of Rightside, have called on the company to get rid of some of its under-performers. By announcing the offer publicly — apparently after months of private offers…

    Kevin Murphy/ DomainIncite- 26 readers -
  • Rightside to modernize eNom, predicts $75m new gTLD revs

    … Schilling, CEO of Uniregistry. Naidu last night also addressed concerns about eNom, which Cannell had called a “time capsule” due to its aging user experience. He admitted that eNom is “encumbered by some older technology” but said it was being fixed. “Later this quarter we will be rolling out the first phase of our development efforts, which…

    Kevin Murphy/ DomainIncite- 14 readers -
  • Rightside rejects Negari’s $5m new gTLD offer

    … Rightside has turned down Daniel Negari’s $5 million offer to acquire four of its new gTLDs, according to Negari. The XYZ.com CEO told DI via email tonight: I was looking forward to operating .Army, .Dance, .Dentist, and .Vet under the XYZ umbrella. I’m disappointed that Rightside didn’t entertain my offer, especially since I believe $5MM…

    Kevin Murphy/ DomainIncite- 17 readers -
  • Schilling agrees with activist Rightside investor

    …. He said he agrees with 7.32% shareholder J Carlo Cannell, who says that Rightside should get rid of some of its weaker new gTLDs. Cannell, of Cannell Capital, is demanding Rightside lay off one in five of its staff, dump its weakest new gTLDs, and refocus the company on its eNom registrar business. He’s threatening to launch a proxy fight…

    Kevin Murphy/ DomainIncite- 17 readers -
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