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Wired: IPO Eyeballs on Cobalt

“The list of tech companies planning stock market debuts next
week is surprisingly light, but analysts think a couple of issues
— like newcomer Cobalt Networks — will still be drawing plenty of
investor attention.”

“Cobalt specializes in server appliances, a new breed of
so-called plug-and-play devices that perform tasks like Web site
hosting, email, and file storage. The company is targeting its
products for small and medium-sized businesses, which Cobalt says
may not have the need or technical expertise to handle standard
server applications…”

It’s probably going to ride the wave of RedHat,” said IPO
analyst Tom Taulli
, referring to the Linux software
distributor that cashed in with a big offering in August.”

Complete
Story