Computer auction system
Patent 5890138 Issued on March 30, 1999. Estimated Expiration Date: 
August 26, 2016. 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.
August 26, 2016. 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 Auction information transmission processing Simultaneous electronic transactions with visible trusted parties Simultaneous electronic transactions with visible trusted parties Diverse goods arbitration system and method for allocating resources in a distributed computer system Patent #: 5640569 InventorsAssigneeApplicationNo. 703036 filed on 08/26/1996US Classes:705/26, Electronic shopping (e.g., remote ordering)705/1, AUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT705/27, Presentation of image or description of sales item (e.g., electronic catalog browsing)705/37Trading, matching, or biddingExaminersPrimary: MacDonald, Allen R.Assistant: Myhre, James W. Foreign Patent References
International ClassesG06F 017/60G06F 003/14 G06F 007/38 AbstractAn auction system is disclosed which allows users to participate using their own computers suitably connected to the auction system. Preferably, this connection uses INTERNET. The invention involves a method and system for providing rapid feedback of a reverse auction process and removes the user from the process once an indication to purchase has been received. Rapid feedback in combination with security of information is achieved with the method and auction system.Other References
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