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Press Release

FOSTER CITY, CA (September 23, 2002) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today it will conduct a two day Webcast auction of Motorola semiconductor production assets on October 2-3, 2002 at 9:00 am PT in Mesa, Arizona. Motorola, Inc. is a global leader in providing integrated communications and embedded electronic solutions.

DoveBid has been engaged to sell surplus equipment for several Motorola business units via a series of Webcast auctions. The auction on October 2-3 2002 will feature assets from Motorola’s Semiconductor Products Sector, including assets from its 4-, 5-, and 6- inch wafer manufacturing facilities. 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.

Motorola, Inc. is also a customer of DoveBid’s surplus asset management services through DoveBid Managed Services (DMS). DoveBid Managed Services provides Motorola with a proprietary, web-based utility that provides an enterprise-wide view of Motorola’s surplus capital assets. DoveBid’s technology is designed to help companies maximize the return on their surplus assets by providing a method by which surplus assets can be identified for internal redeployment or disposition.

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 Web site at www.dovebid.com.

About DoveBid®
DoveBid, Inc. is a global provider of capital asset auction and valuation services to large corporations and financial institutions. With over 65 years of auction experience in the surplus capital asset industry, DoveBid has conducted over 5,000 capital asset auctions and sold over $5 billion of assets. 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.

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DoveBid Contacts:
Cammeron Finnegan
Director, Investor Relations
DoveBid, Inc.
(650) 377-2762
cfinnegan@dovebid.com

Shanta A. Kohli
Marketing Communications Manager
DoveBid, Inc.
(650) 377-2650
skohli@dovebid.com