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

“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

“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.