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

To: Alastair McIntosh who wrote (25715)	4/25/1999 9:45:00 PM
From: GoNorth	Read Replies (1) \| Respond to of 37507

Alastair, expect responses that 'spin' this as being VERY favourable for BII. >>Victor, I believe that the "Markdown" feature of Onsale's patent covers a price declining format. The electronic auction system also includes a "markdown" feature, wherein the electronic auction system of the present invention awards merchandise to buyers who place orders at the currently posted selling price. The item remains on sale until the available quantity is purchased. If a certain sales volume is not achieved in a specified period of time, the electronic auction system automatically reduces the price by a set amount or a set percentage and updates the merchandise catalog page accordingly. Al

To: Alastair McIntosh who wrote (25715)	4/25/1999 9:55:00 PM
From: Victor	Read Replies (1) \| Respond to of 37507

Alastair: Interesting. Need to go back and read this. FYI, wasn't disputing you, just didn't see it. Victor.

To: Alastair McIntosh who wrote (25715)	4/25/1999 9:57:00 PM
From: Jerry B.	Read Replies (1) \| Respond to of 37507

Alastair, you wouldnt happend to have a link to that would you???? J>

To: Alastair McIntosh who wrote (25715)	4/25/1999 10:07:00 PM
From: Victor	Read Replies (1) \| Respond to of 37507

Alastair: Just re-read the paragraph you indicated. There is a bit more to it. My understanding of it is that it is not like BIDS declining auction. What I understand this markdown feature to mean is that, say for example an item was being auctioned off for $50 with the auction to close in 2 days. After the end of the two days, if there is no buyer, then the auctioneer has a right to markdown the opening price by a specified amount or specified percentage, and put that item up for bid again for another 2 days (for example). BIDS' declining auction is not spread over days but over a matter of seconds. My interpretation only, supported by the fact that the U.S. Patent Office would not issue two patents doing the same thing. Victor.

To: Alastair McIntosh who wrote (25715)	4/25/1999 10:29:00 PM
From: WhatsUpWithThat	Respond to of 37507

Somewhat different. This a not uncommon price policy in retail for special sales (I'll have to post the name later when I think of it). The price declines automatically at prestaged intervals regardless of bids, until all stock is sold. There aren't a lot of increments, and they tend to be relatively far apart in time (often daily, sometimes hourly). A&B Sound, a BC and Alberta consumer electronics retailer, has used this for special sales, as has a local well known leather goods retailer. Not as dynamic as a Dutch auction, though not in concept dissimilar. WUWT