Actually, the correct way of showing growth in a seasonal business is Year-over-Year, and not what this article shows, Quarter-over-Quarter, which in retail driven areas are largely irrelevant. That is always why retailers are comparing this Christmas over last Christmas, and not this Christmas over this past Labor Day. Okonomiyaki is correct in implying that one should wait until we see what this quarter (Q4 2005) looks like compared with Q4 2004 before using such growth trends in declaring legal downloads a "dying" business.
Clarification, Cogent Communications Group, Inc. which is the Cogent being discussed has only a ~$240 million market cap. The Cogent you refer to as a $2.1 billion market cap company is Cogent Inc which does biometrics, not telco services.
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Actually, the correct way of showing growth in a seasonal business is Year-over-Year, and not what this article shows, Quarter-over-Quarter, which in retail driven areas are largely irrelevant. That is always why retailers are comparing this Christmas over last Christmas, and not this Christmas over this past Labor Day. Okonomiyaki is correct in implying that one should wait until we see what this quarter (Q4 2005) looks like compared with Q4 2004 before using such growth trends in declaring legal downloads a "dying" business.
Clarification, Cogent Communications Group, Inc. which is the Cogent being discussed has only a ~$240 million market cap. The Cogent you refer to as a $2.1 billion market cap company is Cogent Inc which does biometrics, not telco services.