The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 12, 2009
Filed:
Jul. 24, 2001
Kim Powell, Niwot, CO (US);
Liza Lyons, Purcellville, VA (US);
Dave Stephens, Merced, CA (US);
Kareem Benjamin, San Francisco, CA (US);
Ben Gu, Foster City, CA (US);
James Wang, Femont, CA (US);
Kim Powell, Niwot, CO (US);
Liza Lyons, Purcellville, VA (US);
Dave Stephens, Merced, CA (US);
Kareem Benjamin, San Francisco, CA (US);
Ben Gu, Foster City, CA (US);
James Wang, Femont, CA (US);
Oracle International Corporation, Redwood Shores, CA (US);
Abstract
An auction method for implementing automatic bid status refresh and item attribute updates in an electronic exchange. The method includes the step of receiving update configuration information from remote bidders via a distributed computer network. The update configuration information includes a time interval for receiving bid status updates. An auction is conducted wherein bid information received from the remote bidders is compared to determine a bid status and wherein the bid status is used to determine the bid status updates for the remote bidders. The bid status includes information regarding the most competitive, or winning, bid and any associated terms. The bid status updates are disseminated to the remote bidders via the distributed computer network in accordance with the update configuration information. At the conclusion of the auction, an auction winner is designated in accordance with the latest most competitive bid of the bid status. The time interval of the update configuration information is user selected and can be adjusted dynamically during the auction. Remote bidders receive bid status updates in accordance with their specified time interval. Changes to the items and/or item attributes of the auction are also disseminated to the remote bidders via the distributed computer network in accordance with the time interval of the update configuration information.