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To: Sector Investor who wrote (1316)7/17/2002 8:03:58 AM
From: robert b furman
   of 6936
 
Hi Sector,

This is perhaps the most powerful growth market that would be instantly huge - with existing technology.

We all know KVHI wants to be just a component manufacturer.

Coupling with a well known lead project defense contractor like L-3 now accelerates the liklihood of fast implementation.

Let's face it waiting for Honeywell to share the Honey hole with KVHI on their deal with Boeing for the JDAM - might never happen.

Now coupling with L-3 as an alternate source - on a competitive bid basis - might well get them all the excess demand.

I can see the government liking the idea of bidding for the lion's share with the second source of total production.In the past I thought KVHI's second source had to bust into the Boeing contract- that would be very political and slow.

This approach is superior and offers a very exciting multiple factor of annual sales.

When approved it could be instantaneous- with sales in the hundred million range with just a small percent of total production.This ballons if the government retros the entire arsenal.

Here's a great picture of the JDAM as taken off KVHI's Website:http://www.kvh.com/uploaded/images/Jdam_3x3_300dpi.jpg

Earnings tomorrow - I can't wait.Hoping for a plus number at last!!!

Bob

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To: robert b furman who wrote (1317)7/18/2002 6:42:16 AM
From: Sector Investor
   of 6936
 
KVH Industries Names Patrick J. Spratt as Chief Financial Officer

New Executive Brings More than 25 Years of Fortune 100 Financial Leadership; Richard Forsyth to Remain as
Vice President, Finance

MIDDLETOWN, R.I., Jul 18, 2002 /PRNewswire-FirstCall from COMTEX/ -- KVH Industries (Nasdaq: KVHI chart, msgs) announced today that it has hired Patrick J. Spratt as the company's chief financial officer. Mr. Spratt succeeds Richard Forsyth, who will remain with KVH in the role of vice president, finance.

"Pat Spratt has a lengthy and outstanding track record with industry leaders, such as Digital Equipment Corporation, and other public and private technology firms," remarked Martin Kits van Heyningen, president and chief executive officer. "Pat's leadership in finance, investor relations, and business planning enhances the expertise of our entire team. His arrival at KVH is the latest step in our ongoing effort to expand the resources and experience available at the executive level and maximize our continuing growth. This trend was highlighted by this morning's announcement that KVH's second quarter revenues increased 61% over the same period last year."

Mr. Spratt, 54, brings to KVH 30 years of finance and operations experience. During Pat's 25-year career at Digital, he served in a variety of senior management positions, including vice president of finance for worldwide engineering, vice president of business operations for computer systems, and vice president of investor relations. His accomplishments included substantial improvement in product introduction cycles while reducing costs, restructuring of operations to drive growth and profit, and management of Digital's investor relations efforts, providing complete communications and coverage for more than 400 institutional investors and 25 sell-side analysts.

Mr. Spratt commented, "KVH Industries benefits from its versatile core technology, a diverse and expanding client base, sound business fundamentals, and a talented group of dedicated employees. With this foundation, I believe that the company is poised to continue to gain strength in its markets and provide exciting technological solutions to a worldwide audience of consumer, commercial, and government customers. I look forward to working with the entire KVH team and especially alongside Dick Forsyth, whose ongoing contributions will be invaluable to KVH's future success."

Mr. Kits van Heyningen added, "I am very pleased to have Dick Forsyth continue as a member of KVH's executive
management. Dick's dedication and efforts during his 14 years with KVH have been key factors in reaching our current levels of record revenues and financial stability. I know that he will continue to be an outstanding resource for the company and provide important collaboration with Pat Spratt."

Before joining KVH, Mr. Spratt served as the CFO of early-stage developers of products for broadband telecommunications and semi-conductor manufacturing. He also served as the CFO and treasurer of BioReliance
Corporation (Nasdaq: BREL chart, msgs), a pharmaceutical and biotechnology testing, development, and manufacturing firm. Mr. Spratt holds a BA in Mathematics from Boston College, an MBA from Boston University, and has completed Executive Education Programs at Columbia University and Harvard Business School.

A high-resolution, press-ready photo of Mr. Pat Spratt is available to download from the KVH Industries web site
(http://www.kvh.com/uploaded/images/pspratt_3x3_300dpi.jpg).

KVH Industries, Inc., designs and manufactures products that enable mobile communication, defense navigation, and direction sensing through the use of its proprietary mobile satellite antenna and fiber optic technologies. The company is developing next-generation systems with greater precision, durability, and versatility for communications, navigation, and industrial applications. An ISO 9001-registered company, KVH has headquarters in Middletown, Rhode Island, with a fiber optic manufacturing facility in Illinois, and a European sales, marketing, and support office in Hoersholm, Denmark.

KVH Industries Contact:
Chris Watson, Communications Coordinator
401-847-3327
cwatson@kvh.com

Investor Relations Contact:
Phil Davidson or Jolinda Taylor
FD Morgen-Walke
617-747-3600

Financial Media Contact:
Ron Heckmann
FD Morgen-Walke
415-296-7383


Source: KVH Industries, Inc. CONTACT: Chris Watson, Communications Coordinator of KVH Industries,
+1-401-847-3327, cwatson@kvh.com; or Investor Relations Contact: Phil Davidson or Jolinda Taylor, +1-617-747-3600,
or Financial Media

Contact:

Ron Heckmann,
+1-415-296-7383, both of FD Morgen-Walke
URL: kvh.com

siliconinvestor.com

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To: Sector Investor who wrote (1318)7/18/2002 7:05:49 AM
From: Sector Investor
   of 6936
 
KVH Industries Announces Results for the Second Quarter

- Revenues Up 61% to $12.6 Million - - Revenue at Highest Level in Company's History -

MIDDLETOWN, R.I., Jul 18, 2002 /PRNewswire-FirstCall from COMTEX/ -- KVH Industries (Nasdaq: KVHI chart, msgs), a leading provider of high-bandwidth satellite communications products, defense-related navigation systems, and fiber optic products, today reported its results for the second quarter ended June 30, 2002. Revenue for the period was $12.6 million, up 61% from $7.8 million for the second quarter ended June 30, 2001. Net loss for the period was $0.8 million, or $0.07 per share. By comparison, KVH recorded a net loss of $2.0 million, or $0.19 per share during the same period last year.

For the six months ended June 30, 2002, revenue increased roughly 40% to $22.3 million from $16.0 million for the six months ended June 30, 2001. KVH also reported a net loss of $2.0 million or $0.18 per share for the period, versus a $3.5 million loss, or $0.37 per share in the prior year.

"This quarter's record revenues, the improvement in our gross margins, and the introduction of several new products and services illustrate that we are successfully executing our business plan," commented Martin Kits van Heyningen, president and chief executive officer. "Based on growth in all of our target markets and the result of ongoing cost reduction efforts, we remain confident that we will achieve our goals of growing revenues 30 to 40% for the year and returning to profitability in the second half of 2002."

Overall, the company's satellite products recorded a 51% increase in revenue for the second quarter while sales of fiber optic products rose 7% for the same period. Sales of defense-related products rose 478% to $2.7 million.

"Because of our strong position in the market, our products continue to show strength despite the uncertainty in the overall economy. This is evidenced by several new OEM contracts for our TracVision land mobile satellite TV systems, and the selection of our fiber optic gyros for use in two new military simulators," continued Mr. Kits van
Heyningen. "We also continue to enhance our overall product line with introductions of new products and services. The initial acceptance of our new TracNet Mobile High-speed Internet System is very positive in both the land and marine markets, and our recently announced Inmarsat airtime service should create a new, recurring revenue stream for the company as we move forward."

With regard to the company's financial results, Richard Forsyth, vice president, finance, said, "The second quarter reflected substantial improvement in gross margins, which increased to 42% from 36% during the same period last year. This was the result of successful programs to increase efficiencies in our manufacturing operations and a
favorable shift in the mix of our products. We are also paying careful attention to operating expenses. We have made significant investments in R&D and other business infrastructure to position the company for growth. The benefits are reflected in the sales figures and in the improving operating margins that came with this growth. We expect to show additional improvement in operating efficiencies in the coming quarters."

"We are on pace for record yearly revenues, we are seeing growth across the board, and new products and services are expanding our customer and revenue base," concluded Mr. Kits van Heyningen. "Looking ahead to the third quarter and the year as a whole, KVH is well positioned to achieve its goals for revenue growth and a return to profitability."

Second Quarter Highlights:

* During the quarter, three major OEM customers (Fleetwood, Featherlite,
and Rexhall) selected KVH's TracVision mobile satellite TV antennas as
standard or optional equipment on model year 2003 recreational vehicles
and luxury motorcoaches.

* On May 13, 2002, KVH began shipping its KVH E-Core 4000 fiber optic
gyros for use in turret stabilization applications aboard vehicles being
constructed by two European systems integrators.

* On May 14, 2002, KVH announced that its fiber optic gyros had been
selected by the U.S. military to provide motion tracking, visual
stabilization, and image synchronization for the Stinger and Improved
Target Acquisition System (ITAS) training simulators.

* On June 13, 2002, KVH announced that it would be offering its own
branded global satellite communications services to complement its full
line of satellite communications hardware. The service represents a
new, recurring revenue opportunity for KVH as the company will purchase
wholesale airtime from Inmarsat and then sell the service to its retail
customers.

* On June 17, 2002, KVH received an award from the Defense Contract
Management Agency (DCMA), a component of the U.S. Department of Defense,
in recognition of the company's superior quality procedures. The award
followed more than three years of on-site DCMA observation and
assessment of KVH's quality and manufacturing system.

KVH is webcasting its second quarter 2002 conference call live at 11:30 a.m. Eastern Time today through the company's web site. The conference call may be accessed at kvh.com . The audio archive also will be available on the company web site within three hours of the completion of the call.

KVH Industries Inc., designs and manufactures products that enable mobile communication, defense navigation, and direction sensing through the use of its proprietary mobile satellite antenna and fiber optic technologies. The company is developing next-generation systems with greater precision, durability, and versatility for communications, navigation, and industrial applications. An ISO 9001-registered company, KVH has headquarters in Middletown, Rhode Island, with a fiber optic manufacturing facility in Illinois, and a European sales, marketing, and support office in Hoersholm, Denmark.


KVH INDUSTRIES, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
JUNE 30, 2002 and DECEMBER 31, 2001


June 30, December 31,
2002 2001
(Unaudited) (Audited)

Assets:
Current assets:
Cash and cash equivalents $6,518,863 11,240,893
Accounts receivable, net 7,684,622 6,026,689
Costs and estimated earnings
in excess of billings on uncompleted
contracts 460,470 482,486
Inventories 5,132,578 4,124,203
Prepaid expenses and other deposits 669,019 406,866
Deferred income taxes 551,699 637,799
Total current assets 21,017,251 22,918,936

Property and equipment, net 7,515,677 7,431,287
Other assets, less accumulated amortization 507,537 573,849
Deferred income taxes 2,238,430 2,238,430
Total assets $31,278,895 33,162,502

Liabilities and stockholders' equity:
Current liabilities:
Current portion long-term debt $86,974 86,974
Accounts payable 2,262,624 2,084,507
Accrued expenses 1,334,947 1,143,790
Customer deposits 361,868 903,853
Total current liabilities 4,046,413 4,219,124

Long-term debt 2,656,006 2,697,147
Total liabilities 6,702,419 6,916,271

Stockholders' equity:
Common stock 110,301 109,612
Additional paid-in capital 34,766,065 34,478,002
Accumulated deficit (10,299,890) (8,341,383)
Total stockholders' equity 24,576,476 26,246,231
Total liabilities and stockholders' equity $31,278,895 33,162,502


KVH INDUSTRIES, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Three months ended
June 30,
2002 2001
Net sales $12,641,244 7,829,217
Cost of sales 7,321,309 5,007,273
Gross profit 5,319,935 2,821,944

Operating expenses:
Research & development 2,432,512 2,261,296
Sales & marketing 2,775,751 1,978,904
Administration 813,592 639,794
Loss from operations (701,920) (2,058,050)

Other income (expense):
Other expense (28,632) (14,421)
Interest income (expense), net (29,985) 78,575
Loss before income taxes (760,537) (1,993,896)

Income tax expense 51,600 --
Net loss $(812,137) (1,993,896)

Per share information:
Loss per share
Basic $(0.07) (0.19)
Diluted $(0.07) (0.19)

Number of shares used in per share
calculation:
Basic 11,005,426 10,318,065
Diluted 11,005,426 10,318,065


KVH INDUSTRIES, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Six months ended
June 30,
2002 2001
Net sales 22,282,757 15,961,888
Cost of sales 12,678,716 10,016,446
Gross profit 9,604,041 5,945,442

Operating expenses:
Research & development 4,766,211 4,005,501
Sales & marketing 5,094,015 4,227,236
Administration 1,532,932 1,278,045
Loss from operations (1,789,117) (3,565,340)

Other income (expense):
Other expense (30,656) (36,756)
Interest income (expense), net (52,634) 70,834
Loss before income taxes (1,872,407) (3,531,262)

Income tax expense 86,100 --
Net loss (1,958,507) (3,531,262)

Per share information:
Loss per share
Basic (0.18) (0.37)
Diluted (0.18) (0.37)

Number of shares used in per share
calculation:
Basic 10,989,609 9,477,323
Diluted 10,989,609 9,477,323

This press release contains certain forward-looking statements that involve risks and uncertainties. For example, the statements regarding the company's financial and product development goals are forward-looking statements. The actual results realized by the company could differ materially from the statements made herein. Factors that might cause such differences include, but are not limited to: failure to develop and market fiber optic products; lack of reliable vendors, service providers, and outside products; continued poor military sales cycles; unforeseen changes in competing technologies and products; worldwide economic variances; and poor or delayed research and development results. Additional factors are discussed in the company's 2001 Form 10-K filed with the Securities and Exchange Commission on March 20, 2002. Copies are available through the company's Investor Relations department and web site, kvh.com .


KVH Industries Contact: Richard Forsyth, Vice President, Finance
401-847-3327

Investor Relations Contact: Phil Davidson or Jolinda Taylor
617-747-3600

Financial Media Contact: Ron Heckmann,
FD Morgen-Walke
415-296-7383

Source: KVH Industries Inc.

Contact:

Richard Forsyth, Vice President, Finance, of KVH Industries,
+1-401-847-3327; Investor Relations - Phil Davidson or Jolinda Taylor,
+1-617-747-3600, or Financial Media - Ron Heckmann, +1-415-296-7383, all of FD
Morgen-Walke for KVH Industries
URL: kvh.com

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To: Sector Investor who wrote (1319)7/18/2002 7:08:27 AM
From: Sector Investor
   of 6936
 
Tabular data in SI fixed font format.


KVH INDUSTRIES, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
JUNE 30, 2002 and DECEMBER 31, 2001


June 30, December 31,
2002 2001
(Unaudited) (Audited)

Assets:
Current assets:
Cash and cash equivalents $6,518,863 11,240,893
Accounts receivable, net 7,684,622 6,026,689
Costs and estimated earnings
in excess of billings on uncompleted
contracts 460,470 482,486
Inventories 5,132,578 4,124,203
Prepaid expenses and other deposits 669,019 406,866
Deferred income taxes 551,699 637,799
Total current assets 21,017,251 22,918,936

Property and equipment, net 7,515,677 7,431,287
Other assets, less accumulated amortization 507,537 573,849
Deferred income taxes 2,238,430 2,238,430
Total assets $31,278,895 33,162,502

Liabilities and stockholders' equity:
Current liabilities:
Current portion long-term debt $86,974 86,974
Accounts payable 2,262,624 2,084,507
Accrued expenses 1,334,947 1,143,790
Customer deposits 361,868 903,853
Total current liabilities 4,046,413 4,219,124

Long-term debt 2,656,006 2,697,147
Total liabilities 6,702,419 6,916,271

Stockholders' equity:
Common stock 110,301 109,612
Additional paid-in capital 34,766,065 34,478,002
Accumulated deficit (10,299,890) (8,341,383)
Total stockholders' equity 24,576,476 26,246,231
Total liabilities and stockholders' equity $31,278,895 33,162,502


KVH INDUSTRIES, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Three months ended
June 30,
2002 2001
Net sales $12,641,244 7,829,217
Cost of sales 7,321,309 5,007,273
Gross profit 5,319,935 2,821,944

Operating expenses:
Research & development 2,432,512 2,261,296
Sales & marketing 2,775,751 1,978,904
Administration 813,592 639,794
Loss from operations (701,920) (2,058,050)

Other income (expense):
Other expense (28,632) (14,421)
Interest income (expense), net (29,985) 78,575
Loss before income taxes (760,537) (1,993,896)

Income tax expense 51,600 --
Net loss $(812,137) (1,993,896)

Per share information:
Loss per share
Basic $(0.07) (0.19)
Diluted $(0.07) (0.19)

Number of shares used in per share
calculation:
Basic 11,005,426 10,318,065
Diluted 11,005,426 10,318,065


KVH INDUSTRIES, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Six months ended
June 30,
2002 2001
Net sales 22,282,757 15,961,888
Cost of sales 12,678,716 10,016,446
Gross profit 9,604,041 5,945,442

Operating expenses:
Research & development 4,766,211 4,005,501
Sales & marketing 5,094,015 4,227,236
Administration 1,532,932 1,278,045
Loss from operations (1,789,117) (3,565,340)

Other income (expense):
Other expense (30,656) (36,756)
Interest income (expense), net (52,634) 70,834
Loss before income taxes (1,872,407) (3,531,262)

Income tax expense 86,100 --
Net loss (1,958,507) (3,531,262)

Per share information:
Loss per share
Basic (0.18) (0.37)
Diluted (0.18) (0.37)

Number of shares used in per share
calculation:
Basic 10,989,609 9,477,323
Diluted 10,989,609 9,477,323

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To: Sector Investor who wrote (1320)7/18/2002 7:14:56 AM
From: Sector Investor
   of 6936
 
Updated Consolidated links

Date: July 18, 2002 07:12 AM

KVH Industries, Inc., based in Middletown, Rhode Island, is an international leader in developing and manufacturing innovative,
mobile, high-bandwidth satellite communications systems, tactical navigation products, and fiber optic products.

Company Overview --- kvh.com

Earnings and CC related links

Q2 1997 EPS release - Message 1813680
Q2 1997 CC Notes ----- Message 1816064
Q3 1997 downgrade --- Message 2269984
Q3 1997 EPS release -http://www.siliconinvestor.com/readmsg.aspx?msgid=2534856
Q4 1997 warning -------- Message 3187118
Q2 1998 CC analysis --http://www.siliconinvestor.com/readmsg.aspx?msgid=5387249
Q2 1998 CC notes1 ---- Message 5389093
Q2 1998 CC notes2 ---- Message 5512880
Q4 1998 EPS release - Message 8034473
Q4 1998 CC notes ----- Message 8303464
Q1 1999 EPS rel ------- Message 9085267
Q2 1999 EPS rel ------- Message 10705163
Q3 1999 EPS rel ------- Message 11659825
Q4 1999 EPS rel ------- Message 12862196
Q1 2000 EPS rel ------- Message 13470540
Q1 2000 CC notes ----- Message 13474450
Q1 2000 Analysts ------ Message 13476701
Q2 2000 EPS rel ------- Message 14077309
Q3 2000 EPS rel ------- Message 14615735
Q4 2000 EPS rel ------- Message 15318557
Q1 2001 EPS rel ------- Message 15686350
Q2 2001 EPS rel ------- Message 16098259
Q3 2001 EPS rel ------- Message 16543116
Q4 2001 EPS pre ------- Message 16876175
Q4 2001 EPS rel ------- Message 17091602
Q1 2002 Update -------- Message 17273314
Q1 2002 EPS rel ------- Message 17380588
Q1 2002 CC notes1 --- Message 17396999
Q1 2002 CC notes2 --- Message 17397004
Q2 2002 EPS rel ------- Message 17755541
Q2 2002 Fin Tables ---- Message 17755543


Contract, Service or partnering announcements

1997 Swedish military --------------- Message 1818477
1998 US Army ------------------------- Message 5154917
1998 US Marines --------------------- Message 6641124
1999 River Park teams -------------- Message 11041324
1999 UK Army order ----------------- Message 11652006
1999 Delfin Contract ----------------- Message 11791701
1999 Marathon Coach --------------- Message 12170187
2000 $1.4M Repeat order ---------- Message 13215646
2000 $1.2 million FOG -------------- Message 13460763
2000 Entertain Coaches ------------ Message 13566973
2000 $17M US Army ----------------- Message 13904501
2000 $1M Crossbow partnership - Message 13997834
2000 Sportvision cameras ---------- Message 14021855
2000 First in Europe ------------------ Message 14078705
2000 $1.5 M Javelin Simulator ---- Message 14734776
2000 $4.7M Asian Military ---------- Message 15001558
2001 $3.2M Australian Army ------- Message 15141200
2001 $1.75M golfcart sensor ------- Message 15454327
2001 Russian market entry --------- Message 15471918
2001 UK selects Gyrotrac ---------- Message 15472306
2001 $2.7M French Army ----------- Message 15786386
2001 StagParkway -------------------- Message 15889621
2001 $1.5M New Zealand Military Message 16091879
2001 Swedish Navy ------------------- Message 16506811
2001 Bell ExpressVu ----------------- Message 16537495
2001 $3.9M FOG order -------------- Message 16632688
2002 Thane & Thrane ---------------- Message 17054427
2002 Lockheed-Martin Train system Message 17486946
2002 US Weapons simulators ------ Message 17464265
2002 $700K FOGs -turret stabilization - Message 17538721
2002 Optional equip on Fleetwood RVs - Message 17580267
2002 KVH becomes Inmarsat Global ISP- Message 17596838
……. Inmarsat Information -------------- Message 17597008
……. Comparison of Sat Networks -------
2002 Std equip on Featherlite Coaches -- Message 17661922
……. About Featherlite ---------- featherlitecoaches.com
…..... KVH TracVision L3 ------------- kvh.com
……. KVH Tracphone 252 ------------ kvh.com
……. KVH TracNet ---------------------- kvh.com
2002 Rexhall selects KVH antennas -- Message 17677523
…….. US Class A Motorhome market -- Message 17677556
2002 $1M DSP IMU dev from L-3 Comm - Message 17715075




Product announcements

1997 Trac Phone 50 ------------ Message 2147224
1998 Trac Phone 25 ------------ Message 3404697
1998 Trac Vision 45 ------------ Message 5200344
1999 Trac Vision LM ----------- Message 7402304
1999 KVH hits the road -------- Message 7402304
1999 Trac Vision Cruiser ------ Message 10653331
2000 Trac Vision G4 ------------ Message 12843047
2000 Trac Vision SA ------------ Message 13016180
2000 TracVison G6 DVB ------ Message 14616651
2000 TracVision L3 -------------- Message 14955234
2000 TracVision C3 ------------- Message 15040053
2001 Multilingual TacNav ------ Message 15471658
2001 Trac Vision L3 Truck ---- Message 15471899
2001 Trac Vision L3 vehicle -- Message 15472075
2001 ActiveFiber Technology - Message 15525677
2001 E-Core PM Fiber ---------- Message 15526177
2001 TracNet Server-Marine -- Message 16549100
2001 DirecPC -R Satellite ------ Message 16549104
2001 Tracphone 252 ------------- Message 16555352
2001 TracVision S3 -------------- Message 16677874
2001 TracNet Server-land ------ Message 16706826
2002 TracPhone F77 ------------ Message 17060078
2002 DSP-5000 FOG ----------- Message 17336044

Management or I/R comments posted

1998 Tacnav related -- ------- Message 5191881
1998 general -------- ----------- Message 5678484
1999 mobile internet --------- Message 7177546
2000 Power sensing --------- Message 11697383
2000 CEO Interview ---------- Message 13647777
2002 CEO at Needham ----- Message 16876175
2002 Needham transcript -- Message 16892251

Facility Tour posts

2000 Home Office Tour -------- Message 13483638
2000 FOG Sensors Tour ------ Message 13742694

KVH major customer list

From the 2001 Mission brochure -- Message 17489301

A few of the US patents

Under KVH Industries ---- patft.uspto.gov.
Under Dyott ------------------ patft.uspto.gov.
Dyott applications --------- appft1.uspto.gov.

Significant Personnel additions

1999 Charles Trimble joins BOD ------- Message 9802059
2000 Larry Dalton on Advisory Bd ----- Message 14592383
2000 John Seavey on Advisory Bd ----- Message 15085660
2001 new COO Joe Bookataub -------- Message 16238135
2002 Steve Buckingham joins KVH ------ Message 17486936
2002 New VP Eng. Dr. Kalyan Ganesan - Message 17553371
2002 New CFO Patrick J. Spratt -------- Message 17755516



Awards and Certifications

1998 Best in category awards ---------- Message 6624271
1999 ISO 9001 standards ---------------- Message 10052445
1999 US Army "Outstanding partner"---- Message 10063051
1999 Camping World award ------------ Message 11465314
1999 NMEA "Best" awards ------------- Message 11717969
2000 NMEA "Best" 3rd yr in row ------- Message 14659699
2001 NMEA "Best" 4th yr in row --------- Message 16596940
2002 StagParkway Peach Award -------- Message 17026775
2002 DOD Outstanding Quality Award -- Message 17611817



General/Miscellaneous


1999 Article on Trac vision II ------------ Message 8383221
1999 Briar Patch Invest Opinion ------- Message 8638735
2000 Datron Patent Lawsuit ------------ Message 12864170
2000 Datron response on lawsuit ------ Message 12941582
2000 Patent involved in the suit -------- patft.uspto.gov.
2000 GPS use poised to take off ------ Message 13600523
2000 Datron lawsuit terminated -------- Message 14139395
2001 $5M private placement ------------ Message 15107364
2001 Featherlite TracVision L3 std ----- Message 15581572
2001 $10M Private Placement ---------- Message 15678840
2001 Completion of financing ----------- Message 15875422
2001 KVH featured in Navy SBIR ------ Message 17487085
2001 Gyrotrac helps Playstation set record - Message 17487087
2002 TracNet Hits the Road w Internet -- Message 17450037
2002 Patent-reduced configuration Gyro Message 17480877
2002 First customers praise new F77 --- Message 17494877
2002 KVH Antenna During Tornados -- Message 17563489

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To: Sector Investor who wrote (1320)7/18/2002 8:15:35 AM
From: Bridge Player
   of 6936
 
I love companies that spend 20% of revenues on R&D.

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To: Bridge Player who wrote (1322)7/18/2002 8:23:46 AM
From: Sector Investor
   of 6936
 
They are finishing up the 6 quarter spike in R&D for their major new initiatives for the auto and telecom markets. The new initiatives were staffed with university researchers and consultants, not via an increase in employees. They have forcasted R&D to drop after this quarter as the projects complete.

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To: Bridge Player who wrote (1322)7/18/2002 8:41:40 AM
From: robert b furman
   of 6936
 
Hi Bridge,

Especially when they pay off.

I particularly like the Y over Y 6 month comparison:

Note how in 2001 the $4,005,501 R&D approximated the loss of $3,565,340.

Now in 2002 - The R&D $4,766,211 is a multiple by 2-3 of the loss $ 1,872,407.

This certainly shows the seeds being planted in their R&D are providing fruit.It will just take a little more time for the trees to mature and its all black from there.

I particularly like Martin's comment on Q3" Looking ahead to the third quarter and the year as a whole,KVH is well positioned to achieve its goal for revenue growth and a RETURN TO PROFITABILITY".

I was too optimistic in hoping for profitability in Q2- R&D is still a large number.But the 12.6 million in revenue is an excellent achievement.

When I visited KVHI Richard Forsythe said KVHI could've easily been a profitable 25 million dollar company forever - but they wanted to grow.

Well annualized they've passed 50 million and it's been two years - a tremendous record of growth in anyone's book.

My favorite stock investment is now going to outsell my dealership in revenue.I've got the feeling my profitability is about to take a second seat to KVHI as well.gg

I can hardly wait!!

Does anyone know of a tech company or any other sector that has revenue for the 6 months going up roughly 40 % - if so please point it out - this is a stellar job of swimming upstream in a difficult economy.

Nice momentum and great sales numbers.

The cash burn rate is close ,but we are about 300,000 away from cash flow positive.So the burn is very slow.If as stated in the past, R&D tapers - we're there already.

Next quarter - in the BLACK !!! and cash burn is a subject that can be filed in the "past history" drawer.gg

Bob

Anxiously awaiting the webcast.

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To: Sector Investor who wrote (1323)7/18/2002 8:52:49 AM
From: Bridge Player
   of 6936
 
I understand and will enjoy the return to profitability, but R&D bucks still fuel the growth engines in most high tech companies.

Come to think of it maybe some of those bucks need to be diverted to Washington lobbying...with senators from defense industry states.

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To: Bridge Player who wrote (1325)7/18/2002 9:03:05 AM
From: Sector Investor
   of 6936
 
BP, the R&D can stay high, but the expense numbers can still drop. The $1M L-3 contract is an example of this, where R&D will be increasingly funded by customers. This should be seen starting in Q3.

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