Press Release

DOVEBID® TO CONDUCT WEBCAST AUCTION FOR ADVANCED MICRO DEVICES

FOSTER CITY, CA (January 22, 2003) - DoveBid, Inc., a global provider of capital asset auction and valuation services, today announced it will conduct a Webcast auction for Advanced Micro Devices (AMD), a global supplier of integrated circuits for the personal and networked computer and communications markets.

The auction will be held on January 30, 2003 beginning at 9:00 a.m. Central Time in Austin, Texas. The sale will include a wide range of high-end semiconductor fabrication equipment. Featured assets include ASML 5000/50 and ASML 2500/40 I-line steppers, Novellus-C2 ALTUS-DUAL Tungsten CVD Tool, Applied Materials 5300 HDP oxide etchers, Applied Materials P5000 metal etchers, and Applied Materials 9500 high current implanters. 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 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 www.dovebid.com or by contacting company headquarters at (800) 665-1042 or (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