Stephane Van Gelder

Michael Douglas coined the motto "greed is good" as financier Gordon Gekko in Oliver Stone's 1987 film "Wall Street".

Those of you who have been following the .MOBI launch know that as part of that process, a number of "premium" names were put on auction rather than simply released by the registry like all the other names.

What are premium names? "dotMobi premium names are a set of more than 5,000 commonly used words that dotMobi set aside during its formation," is your answer, straight from the registry's mouth.

Three auctions have been held, each one organised in conjunction with Sedo, the second-hand domain specialists. And according to mTLD (dotMobi's official name), the first two raised more than USD 1.6 million in revenue.