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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: GuinnessGuy who wrote (23611)4/21/1999 1:58:00 PM
From: WhatsUpWithThat  Respond to of 37507
 
True, but if you look at the patent (and it's pretty mind numbing to try), it surprised me how broad it appears. I still am skeptical about it, but it's got a whole lot *fewer* holes in it than I figured before I looked.

It appears to be a patent covering declining auctions using computers, including but not limited to, those using Web servers.

WUWT



To: GuinnessGuy who wrote (23611)4/21/1999 2:04:00 PM
From: NTT  Respond to of 37507
 
>>>It was my understanding that Bid.com has a patent for a process for doing the Dutch Auction, not a patent for the Dutch Auction itself. Maybe I'm wrong about this?<<<

I haven't looked at BII's patent, but having put together a couple myself I can tell you that you that patents generally cover the 'process'. In general you cover enough points on the process to disallow any variations and anyone else from using your patent without licensing it from you. It sounds to me like they are well covered on this, but it's hard to say without looking at the patent. Even then, you really need a good technology patent lawyer to tell you if there's any holes in it.



To: GuinnessGuy who wrote (23611)4/21/1999 2:14:00 PM
From: GoNorth  Read Replies (3) | Respond to of 37507
 
Craig, as you can see (and I've previously stated) no one puts a value on patents. Too nebulous, to difficult to defend, too costly to defend, no one really understands what they mean, etc etc.

>>It was my understanding that Bid.com has a patent for a process for doing the Dutch Auction, not a patent for the Dutch Auction itself.