U.S. patents available from 1976 to present.
U.S. patent applications available from 2005 to present.

Auction information transmission processing

Patent 4789928 Issued on December 6, 1988. Estimated Expiration Date: Icon_subject January 30, 2007. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.

Patent References

3581072

3656148

Station for power line access data system
Patent #: 3944723
Issued on: 03/16/1976
Inventor: Fong

Data processing systems and methods Patent #: 4445171
Issued on: 04/24/1984
Inventor: Neches

Inventor

Assignee

Application

No. 07/008886 filed on 01/30/1987

US Classes:

705/37Trading, matching, or bidding

Examiners

Primary: Smith, Jerry
Assistant: Hayes, Gail O.

Attorney, Agent or Firm

International Classes

G07C 11/00 (20060101)
G06F 3/14 (20060101)

Foreign Application Priority Data

1986-02-17 JP

Abstract

An auction information transmission processing system is constructed by connecting a most significant front computer to a host computer, arranging at least one stage of a plurality of intermediate front computers and a plurality of least significant front computers so as to be connectable to the most significant front computer in a tree-like configuration via communication lines, and arranging a plurality of dealer terminals so as to be connectable to each of the least significant front computers via communication lines. Each of the dealer terminals has basic pattern data storage means storing pattern data indicative of basic display screen pictures and exhibit data storage means storing data peculiar to articles on exhibit at an auction. When the system is started up, the host computer transmits a line connection signal to the front computers. After bidding starts, each of the front computers, in response to a command from the host computer, selects a predetermined number solely of bid-up signals from each of the dealer terminals and transmits these signals to a front computer. The most significant front computer selects only a predetermined number of bid-up signals and bids up the price of an exhibit being auctioned. After a pledge to buy an exhibit is made, the least significant front computers identify pledging members based on the member registration data, and data indicative of these members are transmitted to the front computers of higher significance.

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