Cogent Communications Holdings, Inc. (NasdaqGS:CCOI) intends to make acquisitions. David Schaeffer, Founder, Chairman, Chief Executive Officer and President of the company said: "So, we were a very active acquirer of companies in the 2000 through 2005 time frame. We look at 121 targets, bid on 19, and were successful in acquiring 13 companies, six public, seven private.

In the intervening decade, we have looked at 475 targets and have not been successful in acquiring any of them. We've not been comfortable at the valuations and remain very disciplined. We would like to do acquisitions but have not done any because of evaluation."