Tech company fends off Japanese group that filed cybersquatting complaint.
$1.5 billion dollar tech company MicroStrategy (NASDAQ: MSTR) has successfully defended the domain name Glory.com in a cybersquatting dispute.
MicroStrategy has a vast portfolio of high-quality domain names including alert.com, hope.com, mike.com, speaker.com and voice.com. It’s not clear what it intends to eventually do with many of its domains, but the quality and its unwillingness to sell sometimes attracts challenges.
The company bought Glory.com for $115,000 in 2003.
Glory Ltd. of Himeji, Japan tried to buy the domain name but was rebuffed by MicroStrategy. MicroStrategy offered to sell the domain for more than $10 million in an effort to get Glory Ltd to stop bothering it.
Glory Ltd., which uses the domain Glory.co.jp, filed a UDRP after its efforts failed.
A three-person World Intellectual Property Organization panel determined that Glory Ltd. did not demonstrate that MicroStrategy registered and used the domain in bad faith.