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

“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.”

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