“Cobalt Networks Becomes The Server Appliance Business Unit of
Sun.”
“Sun Microsystems, Inc., today announced that it has completed
the acquisition of Cobalt Networks, Inc. based in Mountain View,
Calif., a provider of server appliances for Internet Service
Providers (ISPs), Application Service Providers (ASPs), and small-
to medium-sized businesses.”
“In accordance with the terms of the acquisition each share of
Cobalt Common Stock was converted into 1.0 share of Sun Common
Stock, after adjusting for the 2-for-1 forward stock split effected
by Sun on December 6, 2000 in the form of a stock dividend on all
then outstanding shares of Sun Common Stock. Cobalt Networks
products extend Sun’s network computing leadership to server
appliances.”