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VeriSign's SiteFinder & ICANN Contracts--A Second Opinion
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The Fine Print:
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"Sitefinder does not constitute cybersquating. Anyone that wants to can register any of those names."
That is why sitefinder is cybersquatting. In a classic cybersquatting case the cybersquatter registers a name for say $8.75 and then holds the trademark holder ransom for say $1,200. The key element is that the TM holder has to pay the cybersquatter more than the cybersquatter's cost to get the name. So the cybersquatter profits from the TM's holder's intelecetual property. In this case the registry gets millions of variations of a company's TM's for FREE and then ransoms them back to the TM holder for $6 each. It is cybersqatting pure and simple.
By the way pointing TM names to a pay per click search engine is one of the most common ways of cybersquatting.
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Re:I like your suggestion
by finee
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Just because someone can register one of the names hardly makes Verisign's use of the name not some form of "squatting".
Verisign's use is not innocent - they are making money off of a resource that they are not paying for. In addition, their use contaminates a name - there are residual effects of Verisign's use even after someone buys that name - there are the records that take time to expire and fade fromr view and there are is the "reputation" of that name as captured by the huge number of web caches and search engines that are constantly sniffing around the net.
To claim that Verisign's use is innocent and permissible is like saying that an automobile dealer who is using its inventory of new cars as taxis, but still selling the cars as new, is acting innocently.
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