07533051 is referenced by 2 patents and cites 9 patents.

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.

Title
Method and system for implementing automatic bid status refresh and item attribute updates in an electronic exchange
Application Number
9/912848
Publication Number
7533051 (B2)
Application Date
July 24, 2001
Publication Date
May 12, 2009
Inventor
James Wang
Femont
CA, US
Ben Gu
Foster City
CA, US
Kareem Benjamin
San Francisco
CA, US
Dave Stephens
Merced
CA, US
Liza Lyons
Purcellville
VA, US
Kim Powell
Niwot
CO, US
Agent
Townsend and Townsend and Crew
Assignee
Oracle International Corporation
CA, US
IPC
G06Q 40/00
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