CBSMarketWatch: [Second Linux IPO: Cobalt 500%+ in first hours of trading] | Linux Today

CBSMarketWatch: [Second Linux IPO: Cobalt 500%+ in first hours of trading]

Written By
Web Webster
Web Webster
Nov 5, 1999

[ Looks like the ‘second Linux IPO’ will be as spectacular
as the first, by Red Hat in August.
Very brief mention below
in a release from Reuters. Additional information is available from

CNET News.com
, from the Bloomberg News wire, which
does not allow Linux Today to post quotes. – LT ed. ]

“Among initial public offerings, Cobalt Networks Inc. soared up
more than 500 percent to 141 from its offering price at 22. The
Mountain View, Calif.-based company makes server appliances
designed to run computer networks.”


Complete Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

Linux Today Logo

LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.