Quote:
Originally posted by ProgGod
Oh and GBLX is in bankrupcy protection, not bankrupt. All a legal manuvure so one of the many many companies trying to buy them, can do so easily
We were smart, we took advantage of their situation to get a commitment for massive amounts of bandwidth at cheap rates. You can get better bandwidth anywhere, and defintely can't get it cheaper..
So... GO FUCK YOURSELF
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Actually it's just a means of trying to stay afloat longer. It's the first step in the bankruptcy proceedings that most companies on their way out do. The bottom line is that anyone associated with cogent basically has their days numbered. They had a good Idea, but it just couldnt survive in todays marketplace. This is why the larger more established hosts never fooled around with cogent. Only the newbies with little to no money who think they could make a quick few bucks from this cheap bandwidth all started popping up left and right.
It will be very interresting to see what happens in the next few months. We already see cogent on the decline in quality, and their financials (if any) are a joke.