This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Erel N. Margalit Steps Down From Cogent Board In Order To Pursue Public Service

WASHINGTON, July 26, 2013 /PRNewswire/ -- Cogent Communications Group, Inc. (NASDAQ: CCOI), one of the largest Internet service providers in the world, today announced the resignation of Erel N. Margalit from its Board of Directors. Mr. Margalit started Jerusalem Venture Partners in 1998 and was a founding investor in Cogent. Mr. Margalit was recently elected to the Israeli Parliament and is vacating his Board position in order to devote his full time and attention to his public service obligations.

(Logo: http://photos.prnewswire.com/prnh/20020204/DCM032LOGO )

"I would like to express my deep admiration and respect to CEO and founder Dave Schaeffer and his management team for bringing the company to where it stands today - one of the world's largest and most prominent Internet Service Providers," said Margalit. "Thirteen years ago, when Dave and I first envisioned what Cogent could become, we never anticipated the focal position it would take in the transport of the world's video and Internet traffic. I am proud to be a founding investor who believed in the team and its vision."

Mr. Margalit's resignation will be effective immediately, and the entire Cogent team and fellow Board members wish him well as he devotes his full attention to his service in the Israeli Parliament. "Cogent's growth and success as one of the core carriers of Internet traffic is largely due to the guidance and support of early partners like Erel," said CEO Dave Schaeffer.  "We respect his dedication to public service and know the same vision, focus, and enthusiasm he provided to Cogent will serve him well in this new role." 

About Cogent CommunicationsCogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP, consistently ranked as one of the top five networks in the world.  Cogent specializes in providing businesses with high speed Internet access, Ethernet transport and colocation services.  Cogent's facilities-based, all-optical IP network backbone provides IP services in over 180 markets globally.

Since its inception, Cogent has unleashed the benefits of IP technology, building one of the largest and highest capacity IP networks in the world.  This network enables Cogent to offer large bandwidth connections at highly competitive prices.  Cogent also offers superior customer support by virtue of its end-to-end control of service delivery and network monitoring.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,240.50 +83.65 0.49%
S&P 500 2,009.61 +8.04 0.40%
NASDAQ 4,585.5970 +23.4080 0.51%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs