Press Release

DOVEBID® TO CONDUCT UPCOMING WEBCAST AUCTION FOR ENRON CORP.

FOSTER CITY, CA (November 18, 2002) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct its second in a series of Webcast auctions for Enron Corporation. Previously, DoveBid conducted an auction for Enron Corporation in September 2002.

The Webcast auction will be held at The Hotel Inter-Continental in Houston, Texas on December 3, 2002, December 4, 2002 and December 5, 2002 beginning each day at 9:00 a.m. Central Time. Featured assets include surplus IT and telecommunications equipment, a large inventory of laptop and desktop computers, plasma televisions, A/V equipment, hundreds of Aeron chairs, vehicles including Dodge Durangos, pickup trucks, and an executive Cadillac and Lincoln Navigator. Additionally, DoveBid will be selling a variety of Enron "E’s", including two previously located outside of Enron's corporate headquarters in Houston, Texas, a wall mount “E”, and a rotating “E” that illuminates. Participants may attend in-person or bid online. Assets may only be previewed online at www.dovebid.com. Detailed preview information, asset catalog, and online bidding instructions are available at www.dovebid.com.

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