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Press Release
DOVEBID® TO CONDUCT SERIES OF AUCTIONS AND PRIVATE TREATY/NEGOTIATED SALES FOR THOMSON SURPLUS EQUIPMENT
FOSTER CITY, CA (October 20, 2003) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct a series of auctions and private treaty/negotiated sales of surplus assets of Thomson, a worldwide leader in video technologies, systems, finished products and services to consumers and professionals in the entertainment and media industries.
In the United States, the sale includes excess and currently unused television picture tube process, glass forming and finishing lines. Internationally, the sale includes excess and currently unused display panel forming press and associated cut and flare equipment, and a surplus 29-34" television tube manufacturing line.
The disposition of surplus assets will provide Thomson the opportunity to strengthen its displays business, improve the competitiveness of its plants, and help expedite planned investments in new tube, glass and TV component equipment. The private treaty/negotiated sale is going now until December 5, 2003. Interested bidders must contact the listed contact person for equipment inspection and bid submission located on our website at www.dovebid.com. Detailed preview information, asset catalog, and 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 Website 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.
About Thomson
Thomson (Euronext Paris: 18453; NYSE: TMS) provides a wide range of video (and enabling) technologies, systems, finished products and services to consumers and professionals in the entertainment and media industries. To advance and enable the digital media transition, Thomson has four principal divisions: Content and Networks, Consumer Products, Components, and Licensing. The company distributes its products under the Technicolor, Grass Valley, THOMSON and RCA brand names. For more information: http://www.thomson.net/
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DoveBid Contacts:
Josh Prince
Director, Corporate Development
DoveBid, Inc.
(650) 377-2604
jprince@dovebid.com
Shanta A. Kohli
Marketing Communications Manager
DoveBid, Inc.
(650) 377-2650
skohli@dovebid.com
Thomson Contacts:
Tom Sipher
Technical Director
(317) 587-5568
Richard Knoph
Communication Director
(317) 587-3903
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