Cash is not King!
After posting “Is Clearwire Going to Survive?” last week, I received hundreds of comments, emails and messages from different readers; technical geeks, analysts, bankers and investors. What surprised me was coherency in responses and how people from different fields are emerging on one issue; “cash flow positive” is king in this economy. For services/operation companies, burning capital intensively is not an option anymore. Probably technology companies with a niche technology can justify their initial capital requirement without meaningful revenue for a while, but an operator can not burn cash without a meaningful cash flow. Cash is not king anymore; cash flow positive is the new king!