Quote:
Originally posted by DTK
Interesting. Cogent started this year with $50mil in cash. However, they lost $60mil last year. They may well have to go begging for more cash by fall or go bye-bye.
Keep in mind though that if cisco is deeply involved and Big Daddy Chambers believes in the company, then the company could very well survive to profitability. Cisco has 7.5billion with a b dollars in the bank. Feeding cogent 50mil a year for a couple three years is nothing for Cisco.
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I can't buy that. Cisco is already having their own problems, look at their stock in the past year. ...They wont feed a company that doesnt turn a profit for a very long time.....Nope they just wont do it.