Press Release

DOVEBID® TO CONDUCT WEBCAST AUCTION OF FIXED ASSETS FOR NAPSTER, INC.

FOSTER CITY, CA (November 21, 2002) - DoveBid, Inc., a global provider of capital asset auction and valuation services, today announced it will conduct a Webcast auction of fixed assets for Napster, Inc., the Internet music service provider that filed for Chapter 11 bankruptcy in June 2002. Napster’s intellectual property is excluded from this sale and is being sold to a buyer under a different and unrelated transaction.

The Webcast auction will be held on December 11, 2002 beginning at 9:00 a.m. Pacific Standard Time at The Marriott in Santa Clara, California. The sale will include IT equipment, computers, and Napster memorabilia. Featured assets include Cisco Systems switches, routers and firewalls, VA Linux servers, Network Appliance servers, desktops, notebook computers, monitors and printers by Apple, Dell and Hewlett-Packard, and hundreds of Napster memorabilia items including shirts, hats and jackets.

Participants may attend in-person or bid online by registering 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 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 live Webcast auctions, on-site-only auctions, 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 Media Contacts:
Cammeron Finnegan
Director, Investor Relations
DoveBid, Inc.
(650) 377-2762
cfinnegan@dovebid.com