System and method of conducting on-line auctions

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping

Reexamination Certificate

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Details

C705S037000, C705S001100

Reexamination Certificate

active

06847939

ABSTRACT:
A system for conducting on-line auctions of products is disclosed. The system comprises (a) a database server system being for storing and providing on demand, information pertaining to a plurality of products to be auctioned, the database server system further being for receiving a number of bids on a product of the plurality of products when the product is auctioned, the number of the bids received being for determining a quantity of the product auctioned; and (b) a plurality of user clients each being operable by a specific user and each being for establishing communication with the database server system, each of the plurality of user clients being for receiving from the database server system information pertaining to the product auctioned and for relaying to the database server system a bid on the product auctioned.

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Press release, “Auction Universe Network Marks Unprecedented Growth”, PR Newswire; New York: Jun. 19, 1998 extracted on Internet from http://www.umi.com.*
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