Press Release

DOVEBID® TO CONDUCT WEBCAST AUCTION FOR SOLECTRON CORPORATION

FOSTER CITY, CA (October 22, 2002) - DoveBid, Inc., a global provider of capital asset auction and valuation services, today announced it will conduct a Webcast auction for Solectron Corporation. The upcoming auction is part of a series of auctions that DoveBid is conducting on behalf of Solectron. The auctions will feature assets from Solectron’s continuing operations.

The auction will take place on November 7, 2002 at 9:00 a.m. Mountain Time in Calgary, Alberta, Canada. The sale will include assets from the closure the company’s 100,000 square foot printed circuit board and electronic assembly manufacturing facility in Calgary, Alberta, Canada, as well as assets from other selected U.S. operations. Featured printed circuit board insertion and automated assembly equipment include a Universal GSM 1 and GSM 2, Fuji CP6, CP643E, and IP 3 automatic insertion tools, MVP AOI auto inspection, MPM AP25, AP27, AP/B and UltraPrint 2000 and DEK 265GSX Screen Printers, Nicolet CXI 3600, HP 3070 Series II, Teradyne Z1820 and Z1860 testers, BTU Paragon 150 multiple zone reflow ovens and a Thermatron ESS-60-PF.

To participate in the auction, 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, and 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. 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 services to meet its customers’ specific needs, including Webcast auctions broadcast live 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 uses its database of transaction information to provide valuations of capital assets for financial institutions and large businesses.

Headquartered in Foster City, California, DoveBid has over 65 years of auction experience in the capital asset industry with more than 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 +1 (650) 571-7400.

DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.

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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