Earlier this month, Domain Registrar Nominet ruled that the domain had to be handed over to Apple. Apple initially did offer Cohen $5,000 for the domain, but when Cohen suggested that the domain was worth at least $50,000, Apple did not negotiate further. "That's quite a miserly amount really," said Mr Cohen, "As soon as we said that [we wanted £50,000], that was it, their lawyers broke off communication."
He is determined to fight against the ruling. "We feel that the procedure that Nominet utilise to settle disputes is unfair and biased towards big business at the expense of legitimate small British companies" he said. "It's a matter of principle now. I paid for it [the domain name] and if Apple had contacted me nicely without lawyers we would have sold it to them."
Source:
Guardian
Written by: James Delahunty @ 28 Mar 2005 15:13