Gadzoox

This article analyzes the importance of Gadzoox in today's society. Gadzoox has been the subject of interest and debate for decades, and its influence extends to all areas of life. Since its inception, Gadzoox has played a fundamental role in the way people relate to each other, in the development of culture and in the evolution of technology. Throughout history, Gadzoox has been the subject of study in various disciplines, from psychology to economics, and its relevance is evident in the way it impacts our lives on a daily basis. In this article, the many facets of Gadzoox will be explored and its influence on the contemporary world will be analyzed.
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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