Press Release: August 3, 2000

WR Hambrecht + Co Raises Price Target and EPS Estimates for Sharper Image Corporation (SHRP)

July comp sales driven by strong sales of Razor scooter, proprietary products

San Francisco, CA, August 3, 2000—WR Hambrecht + Co today raised its price target for Sharper Image (SHRP) to $22 from $18 while reiterating its Strong Buy rating for the specialty products retailer. eTailing/Consumer Brands analyst Kristine Koerber cited increased advertising and strong demand for Sharper Image’s proprietary and private label products, such as the Razor scooter and Ionic Breeze, as key reasons for the increase. WR Hambrecht + Co offers all its research reports at www.wrhambrecht.com.

“We continue to strongly recommend purchase of SHRP shares. We believe Sharper Image shares remain attractively valued given their comp sales outperformance and upward earnings revisions, with EPS expected to grow more than 20%, yet receiving a multiple significantly below its peer group,” Koerber said.

Sharper Image is a multi-channel integrated retailer with a diverse product mix and a merchandising philosophy that focuses on innovated, well-designed, high quality products.