The Web has provided fertile ground for the buying and selling of manufacturing equipment and other products through online auctions, but perhaps you haven't found one that works for you. You can create your own virtual auctions of unused equipment, excess inventories, or other assets with LiveExchange Web-based auction software from Moai Technologies, San Francisco. This system automates the bid negotiation process, enabling real-time commercial transactions across the Internet. Unlike Web-auction service providers, LiveExchange allows companies to control all business aspects including description of products auctioned, auction times, minimum bids, and password-protected access to the auction by a selected group of potential buyers. Real-time bidding data and buyer access can be customized to include high/low bids, last bid, a summary of all bids on all items, and shipping information.