Today, we are faced with an extremely relevant topic that has captured the interest of millions of people around the world. Cobalt Networks has generated a great debate and has sparked countless opinions and reflections in a variety of contexts and areas. It is a topic that has become a fundamental part of the public conversation, both in the political and cultural spheres. That is why it is essential to delve into this topic, explore its implications and analyze in detail its significance in today's society. In this article, we seek to shed light on Cobalt Networks and address different perspectives that allow us to understand its importance and impact on the world in which we live.
Founded | 1996 |
---|---|
Founder | Vivek Mehra |
Defunct | December 7, 2000 |
Fate | Acquired by Sun Microsystems |
Headquarters | Mountain View, California |
Revenue | $22 million (1999) |
-$23 million (1999) | |
Total assets | $151 million (1999) |
Total equity | $130 million (1999) |
Number of employees | 140 (1999) |
Footnotes / references |
Cobalt Networks was a maker of low-cost Linux-based servers and server appliances based in Mountain View, California. The company had 1,900 end user customers in more than 70 countries.
During the dot-com bubble, the company had a market capitalization of $6 billion despite only $22 million in annual revenue.
In 2000, the company was acquired by Sun Microsystems and in December 2003, Sun shut down the Cobalt product line.
Cobalt was considered a pioneering server appliance vendor, the first to market a 1 RU rackmounted server, and was credited by the founder of RLX Technologies as paving the way for blade servers.
The company was founded in 1996 by Vivek Mehra as Cobalt Microserver. In June 1998, the company changed its name to Cobalt Networks, Inc.
The company introduced products as follows:
Product | Launch date |
---|---|
Cobalt Qube | March 1998 |
Cobalt Cache | July 1998 |
Cobalt RaQ | September 1998 |
Cobalt NAS | April 1999 |
Cobalt Management Console | October 1999 |
On November 5, 1999, the company became a public company via an initial public offering. Its stock price rose as much as 618% above its $22/share initial price.
On March 23, 2000, the company announced the acquisition of Chilisoft from Charlie Crystle for 1.15 million shares of Cobalt common stock, then valued at $69.9 million.
In September 2000, Sun Microsystems announced the acquisition of the company for $2 billion in stock. The acquisition was completed on December 7, 2000.
Many disgruntled engineers left the company in the months following the acquisition.
In December 2003, Sun shut down the Cobalt product line.