DoveBid to Conduct Final Webcast Auction for Excite@Home

Business Wire, Oct 9, 2002

Business Editors

FOSTER CITY, Calif.--(BUSINESS WIRE)--Oct. 9, 2002

DoveBid, Inc., a global provider of capital asset auction and valuation services, today announced it has signed an auction agreement with Excite@Home to conduct its final Webcast auction. This auction will represent the third auction that DoveBid has conducted on behalf of Excite@Home. DoveBid also conducted the auction of assets for MatchLogic, a division of Excite@Home, in December 2001, and conducted the auction of assets at the worldwide headquarters of Excite@Home in May 2002.

The final Excite@Home Webcast auction will take place on October 23, 2002 and October 24, 2002 beginning at 9:00 a.m. PT each day at 5215 Hellyer Avenue in San Jose, California. Featured assets include EMC storage equipment, Sun(R) servers, Cisco Systems(R) switches, desktop personal computers, notebook computers, monitors, televisions, VCR's and much more. To participate, buyers may bid live via the Internet at www.dovebid.com or attend in person. To preview the assets, please visit www.dovebid.com for instructions and preview dates.

There are an additional 100 upcoming auctions on DoveBid's auction calendar. For a complete list of our auctions, equipment asset catalogs, and brochures, please visit DoveBid's Web site at www.dovebid.com.

About DoveBid(R)

DoveBid, Inc. is a global provider of capital asset auction and valuation services to large corporations and financial institutions. DoveBid delivers an integrated set of services to its customers for the disposition, valuation and redeployment of their surplus capital assets. DoveBid offers an array of auction and managed services to meet its customers' specific needs, including live Webcast auctions broadcast over the Internet, on-site-only auctions, Internet featured online auctions and privately negotiated sales. DoveBid Managed Services offers clients a hosted, Internet-based application to monitor surplus assets inside the corporation. DoveBid Valuation Services (DVS) is a leading valuation firm. DVS uses its extensive database of transaction information to provide valuations of capital assets for financial institutions and large businesses. Financial institutions utilize DVS to facilitate decisions regarding asset-based loans and capital equipment leases. DoveBid's corporate valuation practice also assists corporations with important business issues related to financial reporting, tax reporting and management planning. DoveBid focuses on 22 categories of capital assets and has 40 locations throughout North America, Europe and the Asia-Pacific region.

More information on DoveBid can be found at http://www.dovebid.com or by contacting company headquarters at 800/665-1042 or 650/571-7400. DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.