Securities Litigation, F.
The lawsuit, filed in U. The complaint asked the court to uphold the Priceline patent and block Microsoft from violating the patent. It sought unspecified actual and punitive damages.
The talks ended last summer. In one meeting this summer between Priceline.
The filing said Gates became very agitated and "he announced that many companies were currently in the process of suing Microsoft for patent infringement and effectively suggested that Priceline. It has since expanded into home mortgages, hotel rooms and new cars.
It held its initial public stock offering in late March. Mark Murray, a Microsoft spokesman, said the company could not comment in detail because its lawyers have not yet seen the Priceline complaint. We respect the intellectual properties of other companies, and we're committed to providing innovative features for our customers.
The suit comes as the U. Justice Department's landmark antitrust case against Microsoft winds down in Washington. The first of several rulings in that case by Judge Thomas Penfield Jackson is due out soon.
Within the last month, Microsoft set up this hotel price matcher which is a copy-cat service of the Priceline. He declined to say how much Priceline.
Its portfolio includes 17 pending U. In addition to charging willful infringement of U.
Patent 5,, the complaint asserted that during the period it was in talks, Microsoft sought and was provided with detailed confidential information and technical data from Priceline.
That discussion, which covered a potential Microsoft investment in Priceline. Expedia recently filed to hold a public offering of its own.
Patents 5,, 5, and 5, The company's patent portfolio includes 17 pending U. Over that period, during which nondisclosure agreements were entered into, the two companies sought to structure a mutually beneficial business relationship, including possible joint marketing programs and licensing of priceline.Nov 11, · Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and .
Priceline is a top player in a remarkably promising sector, with solid competitive strengths, a profitable business model, and financial performance over the long term that leaves little to be.
A retail business model articulates how a retailer creates value for its customers and appropriates value from the markets. Innovations in business models are increasingly critical for building sustainable advantage in a marketplace defined by unrelenting change, escalating customer expectations, and intense competition.
Technology, Marketing, Sales, Purchasing, Human Resources & Legal are core components of the Priceline business model. Technology Due to its pure existence on the Internet, technology plays a key role in all aspects of the business and is central to all associated business functions.
metin2sell.com's "virtual" business model allows for rapid scaling using the Internet. Because the Company electronically collects consumer demand, it can fill this demand directly with sellers or by using proprietary databases.
How does Priceline make money in its business? The Priceline model is frequently referred to as a "reverse auction".
Is the Priceline "name your own price" service in fact an auction, strictly speaking? Why or why not? How widely applicable is the Priceline model?