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Linux-server manufacturer to float

By John Oates

Published: 10 September 1999 16:26 BST

Cobalt Networks, the company behind low maintenance Linux-based servers and server appliances, has made a preliminary filing to the Securities and Exchange Commission to float its shares.

The company aims to raise over $86m through the sale for general corporate purposes.

According to the filing, as of 2 July 1999 the company had sold 11,000 servers to 1,000 customers - with boxes starting at $999 - since the company began trading in March 1998.

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