semiconbay.com and DoveBid Form Auction Alliance; Companies to Provide Auction Services for Used Equipment to the Semiconductor Industry

Business Wire, July 6, 2000

Business Editors/High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--July 6, 2000

semiconbay.com, a Portal Bay Company, announced that it has entered into a comprehensive agreement with DoveBid Inc., a leader in Webcast and online business-to-business capital asset auctions and valuation services, to develop a co-branded site for used capital asset auctions for the semiconductor industry.

Visitors to the www.semiconbay.com site will be able to search and view hundreds of pieces of used equipment. The co-branded site will provide detailed product information and allow users to register for an auction, bid on capital assets, and participate in live or featured auctions. The agreement calls for extensive promotion of the co-branded auction site.

"DoveBid sells tens of millions of dollars of used capital equipment every month," said Tim Reed, DoveBid's VP of Business Development. "semiconbay.com has become a leading technical information and e-Commerce hub for the semiconductor industry. This agreement is good for both companies. Semiconbay.com adds a key component to its e-Commerce strategy while DoveBid extends the market reach of its auctions."

"Our goal has been to serve as a complete e-Commerce resource to the semiconductor industry, providing rich content, a place where the semiconductor community can exchange knowledge and ideas, and where e-Commerce can be conducted," said Jim Peterson, semiconbay.com's VP of e-Commerce. "DoveBid is currently the leading on-line auction site for used capital equipment, so their partnership with us will result in the No. 1 on-line auction site for the semiconductor industry. It's an unbeatable combination of content, community, match-making, and a comprehensive suite of auction services."

DoveBid, Inc. is a leader in Webcast and online business-to-business capital asset auctions and valuation services. With millions of dollars of business assets available at DoveBid's Website, a regular schedule of Webcast auctions, an extensive base of large corporate customers, and an array of value-added services, DoveBid is creating a liquid, global market for capital assets. Headquartered in Foster City, Calif., DoveBid has more than a dozen offices throughout the United States, Europe and Asia. For more information, visit DoveBid at http://www.dovebid.com or call company headquarters at 800/665-1042 or 650/571-7400. DoveBid and the DoveBid logo are trademarks of DoveBid, Inc.

semiconbay.com, a Portal Bay Company, Sunnyvale, CA was founded in June 1999. semiconbay.com is the leading provider of comprehensive e-Commerce services to the semiconductor industry, including a complete, secure, end-to-end e-Commerce platform solution for customers and suppliers which features B2B, auction, and exchange capabilities and a hubsite for in-depth technical and business information. For more information, visit us at www.semiconbay.com or call Jennifer Hergesheimer at 408/747-5800, email jhergesheimer@semiconbay.com.