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That being said it is only one of a hundred factors that go into ranking a site.
If you have the means, get a dedicated IP for each, but I wouldn't sweat it or pay extra for such a small factor.
Be more leary of dupe content and run of site cros links.
Domain pointing redirects (points) one domain to another. For example, if you have www.yourdomain.com. You can point www.yourdomain.net and www.yourdomain.info to your .com site. You can point any domain that you own, these are just for example.
Hope this helps.