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Reuters: Computer server maker Cobalt files for $86 mln IPO

Sep 09, 1999, 14:26 (0 Talkback[s])

"Computer maker Cobalt Networks Inc. filed Wednesday to raise about $86 million in an initial public offering."

"The Mountain View, Calif.-based company sells servers that allow users to run applications over the Internet."

"The company sold about 11,000 of the servers which range in price from $999 to $1799 through July 2, according to the company's filing with the Securities and Exchange Commission."

Complete Press Release

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