| US 7,533,051 B2 | ||
| Method and system for implementing automatic bid status refresh and item attribute updates in an electronic exchange | ||
| Kim Powell, Niwot, Colo. (US); Liza Lyons, Purcellville, Va. (US); Dave Stephens, Merced, Calif. (US); Kareem Benjamin, San Francisco, Calif. (US); Ben Gu, Foster City, Calif. (US); and James Wang, Femont, Calif. (US) | ||
| Assigned to Oracle International Corporation, Redwood Shores, Calif. (US) | ||
| Filed on Jul. 24, 2001, as Appl. No. 9/912,848. | ||
| Claims priority of provisional application 60/266946, filed on Feb. 06, 2001. | ||
| Prior Publication US 2009/0037314 A1, Feb. 05, 2009 | ||
| Int. Cl. G06Q 40/00 (2006.01) | ||
| U.S. Cl. 705—37 [9/26; 9/30; 713/156; 709/203] | 15 Claims |
| 1. A computer-implemented auction method, comprising the steps of:
Receiving, by an exchange server, user selectable update configuration information from remote bidders via a distributed computer
network, the update configuration information including a user selectable time interval for receiving bid status updates,
wherein the time interval is selected through a graphical user interface of a browser, and wherein the exchange server includes
a computer readable memory and a processor;
adjusting the time interval for the update configuration information dynamically as the auction is conducted;
conducting, by an exchange server, an auction 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;
disseminating the bid status updates to the remote bidders via the distributed computer network in accordance with the update
configuration information; and
designating an auction winner at the conclusion of the auction in accordance with a most competitive bid of the bid status.
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