A little history might help inform and advice. Setup a site (say xyz123.co.uk) around '05 which has grown from a hobby into something more. The xyz123.com domain was registered when I setup and I had no particular plans for the site anyhow. Did try and contact the .com owner about 18 months later but without luck and the name subsequently dropped. I was in the auction but got outbid by a Far Eastern company.
Fast forward to late '09. Would like to obtain the .com name which is currently 'parked' by the owner. Assume people here have been in similar situations, how best to proceed?
-Contact owner directly.
-Go through a domain name broker.
-Attempt to obtain the name through legal means.