Press Release

DOVEBID®, SUN MICROSYSTEMS ANNOUNCE DISTRIBUTION AGREEMENT

Sun To Sell Re-Manufactured and New Systems Through DoveBid Website

FOSTER CITY, Calif. (18 April 2000) — DoveBid, Inc., a leading B2B on-line marketplace for capital assets featuring Webcast auctions and value-added services, today announced that Sun Microsystems has agreed to ongoing distribution of Sun equipment through the DoveBid Website. The agreement provides for a series of auctions of Sun hardware targeting computer resellers and corporate customers. Sun is already a long-standing customer of the 63-year-old company’s traditional capital asset auctions and holds an equity position in the firm.

"We’re very pleased to extend our relationship with Sun Microsystems from the 'mortar' side of our business to the 'clicks' side," said DoveBid Chairman and CEO Ross Dove. "This relationship will bring good value to our reseller and corporate customers."

According to Jonathan Schwartz, Vice President of Venture & Strategic Investments at Sun Microsystems, "DoveBid’s focus on capital assets, and in particular on the computer category, makes DoveBid a natural choice as an outlet for Sun’s products. We’re very pleased to be working with DoveBid in this capacity."

About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- The Network is The Computer™ -- has propelled Sun Microsystems (Nasdaq:SUNW) to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to ".com" their businesses. With $13 billion in annual revenues, Sun can be found in more than 170 countries and on the World Wide Web at http://www.sun.com.

About DoveBid
DoveBid, Inc. is a leading business-to-business on-line marketplace for capital assets featuring Webcast auctions and value-added services. With millions of dollars of business assets available at DoveBid.com, a regular schedule of Webcast auctions, and an extensive base of large corporate customers, DoveBid is creating a liquid, global market for capital assets.

Headquartered in Foster City, Calif., DoveBid has corporate and partner offices in Atlanta, Boston, Charlotte, Chicago, Detroit, Flagstaff, Greenwich, Houston, Los Angeles, Minneapolis, San Jose, St. Louis, Toronto, London, Mexico City and Seoul.

DoveBid's e-commerce auction site includes 19 categories of capital assets, including: computers, disk drive and media manufacturing equipment; biotech and lab equipment electronics; electronic test and measurement; food and chemical processing; packaging and converting; woodworking equipment and mills; metalworking and machine tools; office furnishings and equipment; plastics equipment; audio-video-broadcast production equipment; power production equipment; printing equipment; printed circuit board fab and assembly equipment; semiconductor fab equipment; telecommunication equipment; textile and apparel manufacturing equipment; and plant support equipment. DoveBid also provides valuation services for sellers, buyers and financial institutions.

For more information, visit DoveBid’s web site at http://www.dovebid.com or call company headquarters in Foster City, CA, at (800) 665-1042 or (650) 571-7400.



Contacts:
Bill Scannell
Director of Public Relations
DoveBid, Inc.
(650) 571-7400 x678
bscannell@dovebid.com

Candace Matsuura
Sr. Account Executive
Sterling Communications
(408) 441-4100
cmatsuura@sterlingpr.com



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