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

To: Alastair McIntosh who wrote (25699)	4/25/1999 9:12:00 PM
From: PJ	Read Replies (1) \| Respond to of 37507

Heres the link to the BIDCOM PATENT ,, happy reading:: 164.195.100.11

To: Alastair McIntosh who wrote (25699)	4/25/1999 9:12:00 PM
From: GoNorth	Respond to of 37507

Alastair, maybe your DD will ring a bell with the faithful but I somehow doubt it. THe idea that the BII patent is worth $$$$$$$$$$$$$$ is so well entrenched among the Booster CLub that NOTHING will change their mind at this point. I call it the 'Head in the Sand' affliction. PS: you should expect to receive a number of post telling you that you're wrong, don't understand the situation, are a shorter, are being paid by "SOMEONE" etc. etc. etc. >>After reading Onsales patent I am somewhat skeptical of the value of Bid.coms patent

To: Alastair McIntosh who wrote (25699)	4/25/1999 9:23:00 PM
From: Victor	Read Replies (2) \| Respond to of 37507

Alastair: Read through the patents, maybe I missed it but where do you see the process that covers a price declining format? Victor.

To: Alastair McIntosh who wrote (25699)	4/25/1999 10:33:00 PM
From: Denise D	Read Replies (3) \| Respond to of 37507

Alastair, Looking at the patent you referred to and comparing it to Bid.Com's, I have several comments (declining price vs. increasing price aside). Please check them out for yourself. 1. While Onsale's patent is interesting, basically all it involves is an automated real-time auction over a network, Bid.Com's is over the Internet. Although the Internet is a series of networks, they are not synonymous. 2. Onsale's patent involves only the basic process of an auction without the need for an auctioneer from distant bidders, and notifies both winners & losers of the outcome. 3. Bid.Com's patent is much more inclusive, including: • providing dynamic feedback to potential bidders; • verifying financial information; • removing the purchaser from the auction and decrementing the available quantity; • if financial information is not obtained within a specified amount of time, the item is returned to auction block; • price automatically changes at selected time intervals; • a maximum time limit (Onsale's auctions end “at or after”). In summary, Onsale's patent is much more general and basic, while Bid.Com's is specific in nature. My opinion is, if one were to have a slight enhancement to Onsale's patented auction system, the patent might not cover it. An example would be Bid.Com's use of the Bid Buddy. I suggest you take a closer look at the patents, there is obviously a lot there that you missed. I would welcome Sili's comments, he would be valuable in this area. Following are descriptions of the patents. Denise. Bid.Com's patent: Computer auction system An auction system is disclosed which allows users to participate using their own computers suitably connected to the auction system. Preferably, this connection uses INTERNET. The invention involves a method and system for providing rapid feedback of a reverse auction process and removes the user from the process once an indication to purchase has been received. Rapid feedback in combination with security of information is achieved with the method and auction system. Onsale's patent: Method and system for processing and transmitting electronic auction information A system and method for conducting a multi-person, interactive auction, in a variety of formats, without using a human auctioneer to conduct the auction. The system is preferably implemented in software. The system allows a group of bidders to interactively place bids over a computer or communications network. Those bids are recorded by the system and the bidders are updated with the current auction status information. When appropriate, the system closes the auction from further bidding and notifies the winning bidders and losers as to the auction outcome.