The domain names hotwidget.com and hotwidget.net are registered (with different companies) but are unused.
If I succeed in acquiring hotwidget.org and immediately release a computer program called hotwidget, what is the likelihood of my being able to acquire the .net and .com domains by requesting them from ICANN?
Kaled.
You must acquire a trademark in the name either by use or registration and even then you can only take a domain from another person if they are using their domain in bad faith (capitalizing off your trademark). Difficult to prove considering they owned the domains before you even created your product.
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I've enquired about purchasing both domains (but only got one reply). The .com domain was offered to me for $2,500. If I succeed in registering the .org domain is that likely to push the price up or down?
Kaled.
Personally, I routinely get people contacting me who have registered "www.variationofmydomainname.com" and say "how can you run your business without this domain" and contain vague threats they will open a website at that domain and take business from me. I ignore them all.
Someone who sees you are hot for that domain may raise the price on you. I would say use a domain registration privacy service so he doesn't try to jack up the rates.