These are the words from an article from ITWorld on April 10th, 2001. I enjoy going back in time and reading articles about domains because everything is so clear in hindsight. In this case it tells more than stories of the past, it may also tell of the future. The introductions of new tlds may temporarily stagnate the market but just like .cc and other tlds of the past, the dot coms will rule. The original article was headlined Sale of Domain Names Flounder in Depressed Market. And these are the three reasons given
1. The expectation that new suffixes, such as .biz and .info, will become available this year has undercut the demand for .com names.
2. New rules make it difficult for third parties to register names that are trademarked in hopes of selling them at a higher price to the companies that own those trademarks.
3. Several countries have recently started allowing anyone in the world to register names that end in the suffixes for those countries. “There’s no longer a rush to buy Pets.com,” Wood notes, “because you can get Pets.cc” using a suffix marketed by a Seattle company.
And just think how much money you could have made if you would have loaded up on generic dot coms back in 2001