I believe MelbourneIT is handling registrations for Yahoo.
Expired names, even if they are dropped by the registrar, get picked up by an auction service like SnapNames.
I wouldn't go so far as to call them cyber-squatters. Cybersquatting is when you purchase a domain name that is a trademark...usually with the purpose of trying to resell it to the TM holder or their competitors.
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I've heard some Registrars have associations with domain squatters (aka cyber-squatters) that have a "high priority" to purchase newly expired domains.
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If you have a good domain, it's worth money, and it's up to you to keep it registered. The fact that someone sees the value in it, doesn't make them a squatter.
You have to understand that usually the domineers don't intend to sell it back to the original party...they keep it to monetize the traffic or to sell it to the general market. It's like the people who swoop down in housing auctions and buy property cheap. They don't really intend to sell it to the person who lost it.