Endurance International (EIGI) issued a statement on Google (GOOG) announcement yesterday that it is testing a new domain service.
Shares of Endurance recovered nicely today, as shares wound up being down only a little of 5%, closing at $15 a share.
Endurance had traded as low as $13.38 during the day.
Endurance said they “expect Google’s new initiative to stimulate demand for hosting and web presence solutions by increasing the number of domains that are created and actively used.
“Endurance is a Google partner and sees the active involvement by Google in stimulating interest in and distribution of web domains as a benefit to the industry.”
“Endurance expects Google’s new initiative to stimulate demand for hosting and web presence solutions by increasing the number of domains that are created and actively used. ”
“Endurance focuses its business on providing these hosting and web presence solutions, which are aimed at helping businesses succeed online, and which can include such elements as security, back-up, eCommerce, and online marketing assistance”
“While Endurance offers domains, it also provides web solutions for domains registered with other providers.
“Endurance and Google partner in the mission of helping businesses benefit from the Internet. The companies have worked together since 2013 through Google’s Get Your Business Online (GYBO) program. The GYBO program provides small businesses with a customized domain name, an easy-to-build website, and presence on Google Maps and on Google+. ”
“Endurance is the hosting provider for this program and also offers additional web presence products.”
Endurance provides Weebly, WordPress, and a number of other web building tools to its customers to help them build websites quickly and effectively.
“By providing choice to meet the varying needs and technical sophistication of users, and products to help customers achieve their goals from the web, Endurance is able to tailor solutions to meet individual customer needs. “An organization with the clout of Google increasing the number of domains registered in the world should boost demand for web solutions,” commented Hari Ravichandran, Chief Executive Officer of Endurance.”
This is my opinion on the issue… http://www.josephpalko.com/the-rise-and-fall-of-wwww-a-lesson-in-stupidity/ I dont know what you all think about WWWW and EIGI stocks getting so beaten up over this statement? But I think it’s a joke. I don’t believe it will hurt anyone.
“Endurance is the hosting provider for this program…”
Well Duhh… of course that’s going to help them. Why this overblown press release is even worth the attention it’s getting is the real question.