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<div>On Apr 29, 2011, at 9:40 AM, Mike Burns wrote:</div>
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<div><font size="2" face="Arial">Hi Rudolph,</font></div>
<div><font size="2" face="Arial"></font> </div>
<div><font size="2" face="Arial">The difference in outcome in the Microsoft case is that we would not have had to process the transfer outside of established ARIN protocols, and we would have saved some of what I believe to be ARIN's largest asset as we move
forward into the ip trading world. That asset is ARIN's position as a trust authority. ARIN must maintain the viability of whois as a trusted source for network operators who are asked to broadcast addresses as well as a trusted source for those seeking verification
of ownership/control as part of a transfer transaction. I believe that if ARIN continues in its role as a title agency, that is, vetting the chain-of-custody of address transfers, that its whois will be the most likely candidate to fill the void that the market
will create for a central trust authority.</font></div>
<div><font size="2" face="Arial"></font> </div>
<div><font size="2" face="Arial">ARIN will maintain order and the market will steward the resources to their most efficient use.</font></div>
<div><font size="2" face="Arial"></font> </div>
<div><font size="2" face="Arial">If ARIN reduces credibility through further out-of-policy transfers, and it's justification policies impede the flow of accurate information to whois, we all lose.</font></div>
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<div>Mike - </div>
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<div> ARIN only processes transfer requests in accordance </div>
<div> with the established number resource policy.</div>
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<div>Thanks,</div>
<div>/John</div>
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<div>John Curran</div>
<div>President and CEO</div>
<div>ARIN</div>
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