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CNET News.com: Cobalt poised to become second Linux IPO

Sep 09, 1999, 23:52 (0 Talkback[s])
(Other stories by Stephen Shankland)


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"Cobalt Networks, a manufacturer of single-purpose "server appliances" based on the Linux operating system, plans to raise as much as $86 million in an IPO, based on its filing fee with the Securities and Exchange Commission. Goldman Sachs, Merrill Lynch, and BancBoston Robertson Stephens are listed as underwriters of the IPO."

"Not all Linux companies are so eager to tap investor enthusiasm for the upstart OS. Linuxcare, a provider of Linux technical support and training services, has said it will conclude a round of corporate financing before it goes public."

"Cobalt, based in Mountain View, California, is one of the smaller players in the server appliance market, which has attracted huge companies such as IBM, Sun Microsystems, Compaq Computer, Hewlett-Packard, and Dell Computer."

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