Net domain names: New 21st century real estate

NEW YORK – Inside a midtown hotel, Larry Fischer is on his cell phone with a financial backer as his partner Ari Goldberger does quick research on a laptop computer.

They are bidding furiously at this auction of Internet domain names, with hopes of snagging megayachts.com. The duo won’t be deterred. They want this name.

”$110,000 (€79,693), yes or no? Quick,” Fischer barks at Eli, the investor at the end of the phone.

Someone else makes a bid for $120,000 (€86,938). Fischer and Goldberger up the ante, and then again.

Going once, going twice … sold to Fischer and Goldberger for $150,000 (€108,672).

”You got it,” a smiling Fischer tells Eli.

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Caution urged with using free Wi-Fi hotspots

Free access to Wi-Fi (wireless fidelity) networks for using the Internet are offered in many public places like coffee shops, fast-food chains and shopping malls but a leading vendor of computer security software advises against the risks of such connections.

Symantec Corp warns that free Wi-Fi in public hotspots also means that connections are not encrypted, making users and their sensitive and confidential communication and data susceptible to online threats such as fraud, theft, data loss, and hacking.

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GPS shoes make finding people easy

MIAMI – Isaac Daniel calls the tiny Global Positioning System chip he’s embedded into a line of sneakers “peace of mind.”

He wishes his 8-year-old son had been wearing them when he got a call from his school in 2002 saying the boy was missing. The worried father hopped a flight to Atlanta from New York where he had been on business to find the incident had been a miscommunication and his son was safe.

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