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Press Release
DOVEBID® TO CONDUCT SERIES OF AUCTIONS FOR ALCATEL
FOSTER CITY, CA (November 25, 2002) - DoveBid, Inc., a global provider of capital asset auction and valuation services, today announced it signed an auction agreement with Alcatel’s U.S. organization. Alcatel is a provider of telecommunications, Internet, networking, and optics products and services. Under the agreement, Alcatel has retained DoveBid to conduct a series of Webcast auctions that will feature assets surplus to Alcatel’s continuing U.S. operations.
The first of these auctions will take place on December 12, 2002 at 9:00 a.m. Central Time in Plano, Texas. Assets featured at the first sale will include printed circuit board manufacturing equipment, ASIC test systems, test & measurement, workstations, office furnishings and computer equipment.
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 our auctions, equipment asset catalogs, and brochures, please visit DoveBid’s Web site at www.dovebid.com.
About Alcatel
Alcatel designs, develops and builds innovative and competitive communications networks, enabling carriers, service providers and enterprises to deliver any type of content, such as voice, data and multimedia, to any type of consumer, anywhere in the world. Relying on its leading and comprehensive products and solutions portfolio, stretching from end-to-end optical infrastructures, fixed and mobile networks to broadband access, Alcatel's customers can focus on optimizing their service offerings and revenue streams. With sales of Euro 25 billion in 2001, Alcatel operates in more than 130 countries. For more information, http://www.alcatel.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 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
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