The story
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:
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 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,with the dual-processor Raq 550 being its last appliance server.
From Wikipedia’s article on Cobalt Networks, shared under CC BY-SA 4.0.4