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Unlike a company, a megafund would have no operating subsidiary.
Businesses can't compete with individuals who have no operating expenses".
"They have no operating costs other than wood, and a cord of wood, at around $150, could last years".
Several close associates said they believed that Mr. Geffen truly intends to have no operating involvement with the entertainment business.
What is not clear is what they will do next with Nextera, which will have no operating business and will be in jeopardy of having its stock delisted.
District governments often have no operating budget to pay for staff and basic supplies, even assuming there is an office for the governor and his team to sit in.
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Early computers had no operating system.
The first digital computers had no operating systems.
"The state has no operating procedure for shutting down," he said.
After entering, they discovered that the apartment had no operating electricity and that the seller had removed all the appliances.
It was the logo of Mitsubishi Heavy Industries Ltd., which has no operating relationship with the Mitsubishi Corporation or the Mitsubishi Oil Company.
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