Press Release

DOVEBID® ANNOUNCES MULITPLE WEBCAST AUCTIONS FOR JDS UNIPHASE

FOSTER CITY, Calif. (May 21, 2002) - DoveBid, Inc., a leading provider of fully integrated asset management services, today announces it is conducting its second in a series of major auctions of surplus equipment to the continuing operations of JDS Uniphase.

Assets featured at this sale will include state of the art photolithography and metal deposition tools used in the fabrication of 3” to 5” lithium niobate semiconductor wafers. The upcoming sale will take place on May 30 & 31st at 9:00 a.m. ET in Bloomfield, CT.

Upcoming JDS Uniphase auctions include fiber optic, test & measurement, inspection and IT equipment in Ottawa, Canada on June 5 & 6th; Webcast auction of telecommunication assets located in Hong Kong on June 17 & 18th; and a Webcast auction of a state of the art semiconductor wafer fabrication operation in West Trenton, New Jersey on June 25 & 26th.

To participate, buyers may bid live via the Internet at www.dovebid.com or attend in person. To preview assets, please visit www.dovebid.com for locations and dates.

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

About DoveBid®
DoveBid, Inc. is a leader in Webcast industrial auctions Global 4000 businesses. DoveBid has conducted over 5,000 capital asset auctions and sold over $5 billion of assets. DoveBid’s asset disposition services include live Webcast auctions, featured online auctions, and asset management solutions. DoveBid focuses on 20 categories of capital assets and has 26 offices 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 in Foster City, California, at (800) 665-1042 or +1 (650) 571-7400. DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.

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DoveBid Corporate Contact:
Shanta A. Kohli
Marketing Communications Manager
(650) 377-2650
skohli@dovebid.com


Auction Contact:
Brian Blakeney
Director, Auction Marketing
(650) 377-2639
bblakeney@dovebid.com