Cobalt Networks
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Cobalt Networks was a maker of low-cost servers based on Linux. Founded in 1996 in Mountain View, California under the name Cobalt Microserver, the company pioneered easy to use server appliances featuring secure web user interfaces for Internet service providers (ISP) and small to medium sized businesses. Cobalt had an extremely successful IPO on November 5, 1999 with the ticker symbol COBT when its stock price surged from an initial value of $22 to $128.13 at market close. Just a year later, Sun Microsystems acquired Cobalt for $2 billion in stock, in an attempt to compete with other Linux-based server vendors. Sun's Cobalt product line saw some initial success that slowly dwindled away. Now, Sun has retired its Cobalt products; however, they have opted to open source the software and firmware.
References
- [The Cobalt open source software repository, called BlueQuartz]
- [Sour market pushes Linux stocks below IPO prices (CNET)]
- [Sun's Cobalt Server Software Gets Open-Source Life (eWeek)]
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