Press Release

DOVEBID® TO CONDUCT WEBCAST AUCTION FOR PROCKET NETWORKS, INC.

FOSTER CITY, CA (September 8, 2004) - DoveBid, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct a Webcast auction by order of Procket Networks, Inc. in the complete liquidation of a High-End IP Router Manufacturing Facility. This auction will feature a Juniper Networks T320, Cisco 12000’s, Catalyst 6000’s, Agilent Vector Network Analyzers, and other quality networking and electronic test and measurement equipment from Cisco, Extreme Networks, Sun, Agilent, Tektronix and others.

The Webcast auction will be conducted live over the Internet at DoveBid’s Website on September 22, 2004 beginning at 9:00 a.m. Pacific Time in Foster City, CA. Featured items include Routers and Switches from Cisco Systems, Juniper Networks and Extreme Networks, Servers, State of the Art Lightwave and Electronic Test and Measurement Equipment from Agilent, Ixia, Tektronix, and more.

Participants may attend in-person or bid online. Detailed preview information, asset catalog, and online bidding instructions are available at www.dovebid.com.

For a complete list of our upcoming 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.

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DoveBid Contact:
Josh Prince
Director, Corporate Development
DoveBid, Inc.
(650) 377-2604
jprince@dovebid.com