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Wired: IPO Eyeballs on Cobalt

Oct 30, 1999, 00:44 (0 Talkback[s])
(Other stories by Joanna Glasner)

"The list of tech companies planning stock market debuts next week is surprisingly light, but analysts think a couple of issues -- like newcomer Cobalt Networks -- will still be drawing plenty of investor attention."

"Cobalt specializes in server appliances, a new breed of so-called plug-and-play devices that perform tasks like Web site hosting, email, and file storage. The company is targeting its products for small and medium-sized businesses, which Cobalt says may not have the need or technical expertise to handle standard server applications..."

"It's probably going to ride the wave of RedHat," said IPO analyst Tom Taulli, referring to the Linux software distributor that cashed in with a big offering in August."

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