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