Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping
Reexamination Certificate
2010-03-23
2011-12-20
Rosen, Nicholas D (Department: 3625)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Electronic shopping
C705S026400, C705S026410, C705S026420, C705S026440
Reexamination Certificate
active
08082184
ABSTRACT:
An online marketplace is established where sellers compete by offering to sell a mass quantity of a specific product, referenced by a unique product ID. A successful sale is determined at a time that maximizes a group of buyers' offers for the specific product. At the determined time, both the sellers' offers and the buyers' offers for the specific product are separately sorted from the lowest price offer to highest price offer. Competing sellers are awarded sales contingent on one or more buyer offers remaining after each seller having a lower sell price is satisfied for its entire quantity. Sells for each successful seller are satisfied starting from a buyer's offer having a lowest buy price and increasing to successively higher buy prices of the remaining buyers' offers, until the seller's entire quantity of the listed product is satisfied.
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Anon., “The Great Rock and Roll Auction; Put in Lowest Unique Bid and Get Tickets for Live8, Oasis, U2 or Coldplay,” Sunday Mail, Glasgow, p. 6, Jun. 19, 2005.
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Yaruski Semion
Yruski Andrey
Chiching, Inc.
Perkins Coie LLP
Rosen Nicholas D
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