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CoSine: 'Come & Get Us'

Despite a failed merger and stock market delisting, CoSine Communications Inc. (OTC: COSN.PK) still has much to offer, according to CEO Terry Gibson.

People who like what CoSine was doing or see pieces of its technology that they can use in their products should give us a call,” he tells NDCF. “They don’t necessarily have to buy the company.”

Gibson says CoSine remains committed to supporting its existing customers, and he clearly hopes the failure of a merger agreement with Tut Systems Inc. won't put off other suitors, nor that delisting by Nasdaq will discourage interest in the firm's intellectual property (see CoSine Terminates Merger Agreement and CoSine Announces Delisting Notification).

How the mighty have fallen! Not long ago, CoSine was a rising star in the telecom space. Its switch and routing technologies, designed to allow service providers to roll out advanced services like virtual private networks (VPNs), were attracting lots of positive attention.

But troubles accumulated. CoSine has undergone a turbulent 12 months since announcing poor second-quarter results last year, followed by layoffs and the termination of the lease on its Redwood City, Calif., headquarters (see CoSine Losses Grow in Q2, CoSine Cuts to the Bone, and CoSine Posts Q3).

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