A computer peripheral system is provided that include at least one fluid cooled blade. The fluid cooled blade is formed by first and second walls that are secured together to form a fluid flow path. A supply of cooling fluid is connected to an inlet port to supply cooling fluid to the fluid flow path. An outlet port is connected to the fluid flow path that directs fluid to a fluid outlet. The fluid cooled blade is assembled to the rack in close proximity to the electronic modules that require cooling. In one embodiment, the fluid cooled blade may be laminated or otherwise connected to one or more electronic circuit boards.