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Goldberger's entry into the business was unorthodox to say the least. sued him, alleging trademark infringement after Goldberger registered esqwire.com, which resembles one of the company's magazines.

The two sides eventually settled and Goldberger, a lawyer, was allowed to keep the name.

They also troll lists of names with domain registrations set to expire, enabling them to get a jump on buying it. Five years ago, the duo could get a good name for ,000.

They don't bother with dot-nets or the others."Dot-com is king," Goldberger said. Now the minimum is more like 0,000 -- as the auction proved.

"Dot-net is worthless."But there's a big divide between thinking of a good name and getting it. The cheapest name they bought at the auction was for 5,000.

There's usually a chase, with Fischer trying to persuade owners to sell the names after he locates the owners unless it's up for auction."He's kind of like a rhinoceros," Goldberger says about Fischer. Other names sold for considerably less like (,000) and (,000).

Goldberger began collaborating with Fischer in 2001, building their portfolio of domain names.

Bob Parsons, CEO and founder of domain registration company Go Daddy.com, says this type of business is fairly straightforward."They make their money in two ways," Parsons said.

"One way is through the traffic they get and the other is the appreciation of the name."Parson didn't think there was anything wrong with the practice as long as those involved weren't using names trademarked by others."Domain names are becoming 21st century real estate," Parsons said.

As to generics, they're just hoping to capture traffic.

You're just counting on people typing in generic names instead of using a search engine like Google."Malutta said domainers like Goldberger and Fischer are not "gaming the system" which in his opinion would mean registering domain names and then cybersquatting -- driving revenue off somebody else's trademarked name like Coca-Cola.

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