192.168.123.254 is either a internal IP address or 192.168.123.254 is a private or reserved IP address with limited information on record.
Not every IP address has owner information associated with it. This is the case with your lookup of 192.168.123.254 here on IPAddress.com. 192.168.123.254 falls in to one of these categories. The categories include either a internal IP address, private IP address, or reserved IP address.
All of these types of IP addressess like 192.168.123.254 have limited information available because they exist in private networks or configurations. Routers and network modems for example might use 192.168.123.254 in the default configuration. You would type 192.168.123.254 directly in your web browser to login the admin interface.
Examples of router and modem brands that might use 192.168.123.254 in their configuration include Cisco Linksys, Netgear, TP-Link, ASUS, D-Link, Netcomm, Zyxel, Edimax, Belkin, Thomson, and hundreds more.
In other times 192.168.123.254 may fall in a reserved IP range whose scope could be set aside for use in software, subnets, and private networks. Private networks exist to keep local traffic contained to a home or business, and not exposed outside of these areas.
Examples of private or reserved use include broadcast messages, local communications, service providers, testing, and future applications.