The Motley Fool: Lustrous Cobalt Dazzles

After a blistering initial public offering November 5,
shares of red-hot Cobalt Networks…briefly climbed past the $140
mark Monday morning as investors decided that no price was too high
for the three-year-old server appliance company.

“Founded in 1996, Cobalt makes server appliances — basically
small, inexpensive devices easily hooked up to an existing network
— that enable companies to quickly establish an online presence.
It provides applications such as website hosting and e-mail at a
much lower cost than general purpose servers.”

“In addition, the company says its Cobalt boxes can be hooked up
in about 15 minutes: Presto, instant Internet presence. Two of its
products, Cobalt Qube and Cobalt RaQ, account for about 84% of its
$13.8 million in 1999 revenues.”

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