 | |
| Founded | 1996; 30 years ago (1996) |
|---|---|
| Defunct | 2003; 23 years ago (2003) |
| Fate | Bankruptcy; acquired byBroadcom |
| Headquarters | San Jose, California |
Gadzoox Networks, Inc. produced hardware and software for the entry-levelstorage area network market. In 2000, at the peak of thedot-com bubble, the company was valued at $2 billion; however, after filingbankruptcy in 2002, its assets were acquired byBroadcom in 2003 for $5.8 million.
The company was founded in 1996.[1]
In March 2000, the company acquired SmartSAN for $23.5 million.[2]
In June 2000, the company launched Axxess.[3]
In July 2000, during thedot-com bubble, the company became apublic company via aninitial public offering. Shares were priced at $21 each but soared as high as $87 each on the first day of trading, giving the company amarket capitalization of $1.97 billion.[4]
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.[5]
In January 2002, the company raised $8.9 million in funding.[6]
In August 2002, the company filedbankruptcy.[7]
In March 2003,Broadcom acquired the assets of the company for $5.3 million.[8]
