1.   And it is why all trademark holders can join the group, based in Manhattan, even if they do not own a mark registered in this country.

2.   But critics say they are moving well beyond their authority to advance the interest of trademark holders and corporate interests.

3.   But if a dispute arises, a trademark registration will settle the issue in favor of the trademark holder.

4.   But it heeded calls to delay putting the rules into effect until it can address concerns that they favor big companies and trademark holders over individuals and small businesses.

5.   But many observers say the new domains will cause more problems than they solve, especially for trademark holders who want to keep cybersquatters at bay.

6.   But the domain will be taken away if the trademark holder objects.

7.   But trademark holders around the country are already filing lawsuits to win the rights to names they consider their property.

8.   But trademark holders felt the rules did not go far enough.

9.   David R. Francescani, a lawyer in New York who represents Playboy, says the implications of a Welles victory are ominous for all trademark holders.

10.   For example, some speculators were able to register addresses with fake data during advance registration periods meant for trademark holders.