Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: James Fulop who wrote (4054)	4/12/1999 10:20:00 AM
From: bc_mack	Respond to of 4903

OnSale patent . . . Abstract, claims, and ordering information on the IBM Patent Server . . . patents.ibm.com

To: James Fulop who wrote (4054)	4/12/1999 10:21:00 AM
From: Oliver & Co	Respond to of 4903

I am no legal-eagle, but it looks like ONSL, being the first to Internet Auctions, will go after every other Auctioneer (ie. EBAY, AMZN, etc, etc) for royalties, and/or cease/desist.

To: James Fulop who wrote (4054)	4/12/1999 6:38:00 PM
From: Brad Davies	Read Replies (1) \| Respond to of 4903

it is worth noting that the patent was issued to the founders and not Onsale itself. Is anyone aware of the deal by which the founders licence/transfer the intellectual property to Onsale, if indeed there is such a deal? I would have thought the underwriters would have insisted that the Intellectual Property be transferred to the public company before they took the issue public. "Onsale®, Inc. (Nasdaq: ONSL - news), a leading Internet real-time retailer, today announced that it has launched an intellectual property licensing program based on a patent issued to Onsale's co-founders, Jerry Kaplan and Alan Fisher. The patent is entitled Method And System For Processing And Transmitting Electronic Auction Information. ..."