You can say the same about just about any tech company right now - the economy, especially the tech industry, has been very bad. Tons of companies have gone out of business, and I'm sure many like Cogent have as well, like you said. The difference is that Cogent has the financial backing of Cisco to get them through the rough times and onto greener days.
The market is going back up, and the tech companies that survived will be making money again.
Hey, if Cogent went out of business, I'm sure we'd all eventually benefit in the hosting industry - prices would go back up to "normal" levels and maybe we'd all be making more money. I just don't see it happening any time soon.
By the way, you did hear the news about Verio laying off hundreds of employees and closing many of their data centers about 3 months ago, right?
