Secure teleprocessing bidding system
Patent 5243515 Issued on September 7, 1993. Estimated Expiration Date: 
October 30, 2010. 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.
October 30, 2010. 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 ReferencesInteractive computerized communications systems with voice input and output Apparatus for carrying out financial transactions via a facsimile machine 5117358 InventorApplicationNo. 605361 filed on 10/30/1990US Classes:705/37, Trading, matching, or bidding379/88.16, Voice message synthesis379/88.24, By generated tone379/92.03Having central station equipmentExaminersPrimary: Envall, Roy N. Jr.Assistant: Poinvil, Frantzy Attorney, Agent or FirmForeign Patent References
International ClassesG06F 015/22G06F 015/20 AbstractAn improved system and apparatus for conducting secret bidding procedures. The apparatus provides for the reception of bidding data for a particular bid recipient in a particular division of a particular job. Once received, this information is stored and processed electronically. The bid information is collected until a preset date when the system automatically transmits a bid report detailing the bidders and their associated bids to each bid recipient. At a second preset date the system transmits a bid comparison report revealing only the amount of each bid to each of the bidders who submitted a bid for the particular division.Other References
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