B2B Auctioneer DoveBid Names Jim Hume as Vice President of Operations; Attracts Industry Veteran Jim Hume To Manage Operational Growth.

Business Editors &High Tech Writers

FOSTER CITY, Calif.--(BUSINESS WIRE)--Feb. 3, 2000

DoveBid, Inc., a leading on-site and online business-to-business (B2B) auctioneer and capital asset sale advisor, today announced the newest addition to its executive team. Jim Hume, formerly of Sanmina Corporation, joins DoveBid as vice president of operations, responsible for all field operations, customer care, project management activities, as well as procurement and logistics.

&uot;Hume's role will be crucial to our continued success in business asset appraisals, auctions and disposition,&uot; stated Ross Dove, DoveBid's chairman and chief executive officer. &uot;The experience and expertise he brings to his respective role place him among the best in the industry. It is with great pleasure that we welcome Jim to our management team.&uot;

Hume brings a wealth of logistics and supply chain management experience to his position at DoveBid. Prior to joining DoveBid, Hume spent nearly three years at Sanmina Corporation, a leading electronics contract manufacturer, as vice president of corporate materials and supplier management. At Sanmina, he planned and managed material purchases of nearly $1 billion in fiscal year 1999. Before Sanmina, Hume held various senior management positions at Sun Microsystems in supply management and enterprise services. In addition, he spent a decade with Xerox Corporation in multiple operational and strategic management roles. He was also awarded four patents during his tenure as a senior engineer there. Before Xerox he spent nearly three years at NCR in various engineering development roles. Hume received his BSME from University of Abertay, Dundee, Scotland.

&uot;I am very pleased to join DoveBid at such an exciting stage in its development,&uot; said Jim Hume. &uot;What makes DoveBid such a compelling solution is that it combines fundamental business principles related to customer satisfaction with cutting-edge Internet technology.&uot;

About DoveBid

DoveBid is a world leader in on-site and online business-to-business (B2B) capital asset auctions. With millions of dollars of business assets available at DoveBid.com, a regular schedule of auctions, and an extensive base of large corporate customers, DoveBid is creating a liquid, global market for capital assets.

DoveBid's e-commerce auction site features: computers, disk drive and media manufacturing equipment; biotech and lab equipment electronics; electronic test and measurement; food and chemical processing; woodworking equipment and mills; metalworking and machine tools; office furnishings and equipment; plastics equipment; audio-video-broadcast production equipment; power production equipment; printing equipment; printed circuit board fab and assembly equipment; semiconductor fab equipment; telecommunication equipment; textile and apparel manufacturing equipment; plant support equipment; and petrochemical equipment. DoveBid also provides complete valuation services for sellers, buyers and financial institutions.

Since 1937, DoveBid has successfully sold more than $5 billion in corporate assets, selling more than 10 million individual lots. For more information, visit DoveBid's web site at http://www.dovebid.com or call company headquarters in Foster City, CA, at 800/665-1042 or 650/571-7400.