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Gadzoox

In the following article, we will explore Gadzoox and its impact on our lives in detail. Gadzoox is a topic that has captured the attention of many people in recent years, sparking debate and interest in a variety of fields and sectors. Throughout these pages, we will examine the different aspects and perspectives of Gadzoox, addressing its historical relevance, its current situation and possible future implications. We hope that this article will be enlightening and stimulating, offering new ideas and approaches to Gadzoox for our readers.
This article is about the storage area network company. For other uses, see Gadzooks (disambiguation).
Gadzoox Networks, Inc.
Founded1996 (1996)
Defunct2003 (2003)
FateBankruptcy; acquired by Broadcom
HeadquartersSan Jose, California

Gadzoox Networks, Inc. produced hardware and software for the entry-level storage area network market. In 2000, at the peak of the dot-com bubble, the company was valued at $2 billion; however, after filing bankruptcy in 2002, its assets were acquired by Broadcom in 2003 for $5.8 million.

History

The company was founded in 1996.

In March 2000, the company acquired SmartSAN for $23.5 million.

In June 2000, the company launched Axxess.

In July 2000, during the dot-com bubble, the company became a public company via an initial public offering. Shares were priced at $21 each but soared as high as $87 each on the first day of trading, giving the company a market capitalization of $1.97 billion.

In August 2000, Bill Sickler, the CEO of the company, and Christine E. Munson, the CFO of the company, resigned after announcing a financial restatement.

In January 2002, the company raised $8.9 million in funding.

In August 2002, the company filed bankruptcy.

In March 2003, Broadcom acquired the assets of the company for $5.3 million.

References

  1. ^ Roberts, Paul F. (March 3, 2003). "Broadcom buys Gadzoox assets for $5.8 million". International Data Group.
  2. ^ SHANKLAND, STEPHEN. "Short Take: Gadzoox beefs up storage power". CNET.
  3. ^ Connor, Deni (June 12, 2000). "Gadzoox launches storage pooling devices". International Data Group.
  4. ^ "GADZOOX SOARS IN IPO". Wired. July 20, 1999.
  5. ^ "Form DEF 14A Gadzoox Networks Inc DEF 14A - Other definitive proxy statements". U.S. Securities and Exchange Commission. September 5, 2000.
  6. ^ SHANKLAND, STEPHEN (January 24, 2002). "Gadzoox raises $8.9 million". CNET.
  7. ^ "GADZOOX NETWORKS FILES FOR BANKRUPTCY PROTECTION". The New York Times. Dow Jones & Company. August 24, 2002.
  8. ^ "Broadcom acquires Gadzoox assets". American City Business Journals. March 3, 2003.
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