 HarddriveProud American and Infidel since 1968.Premium
join:2000-09-20
Phone Room
kudos:2 | Does this company... make any money after all the bills are paid? |
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| said by Harddrive:make any money after all the bills are paid? NO
Clearwire posted a loss of $82.42 million, wider than the loss of $7.2 million one year earlier.
Nine months ended September 30,2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (829,925,000)
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 C0deZer0Oc'D To Rhythm And PolicePremium
join:2001-10-03
Davenport, FL | Nevertheless, one cannot fault them for at least being able to provide a service and answer a need/want/desire that had previously been left untapped.
At least they (Clearwire) has been able to satisfy that role.
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HarddriveProud American and Infidel since 1968.Premium
join:2000-09-20
Phone Room
kudos:2 Reviews:
 ·Comcast
| but a company should be making money while providing a service.
its one thing for a stripper to have to give up some of her tips to the strip club for the time slot she bought. but to lose it all or have to pay out of her own pocket when the shift is done is not good business for her.
yeah, you've satisfied your customers but you have nothing to show for it except a net loss of income.
how is that good business?
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I've come here to chew bubblegum and kick ass and i'm all outta bubblegum. |
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| said by Harddrive:but a company should be making money while providing a service. It's quite common for start-up companies to post losses for a period until they reach a critical mass and gain economies of scale. In Clearwire's case, these losses are expected, since they are spending a lot of money to build a nationwide WiMax network.
Also, Clearwire has stated in past earnings calls that they aren't necessarily married to WiMax technology -- they are able to retrofit existing WiMax cells to LTE if desired. |
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| reply to Harddrive
Profits from big ideas usually take a while. Take for instance Amazon. They were founded in 1994. During the dot com bust there were analyst saying they would never make a profit. Then finally in the fourth quarter of 2001 they made their first 1¢ per share profit. Now they are one of the most valuable internet companies. |
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