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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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To: Sector Investor who wrote (1326)7/18/2002 9:40:10 AM
From: robert b furman
   of 6936
 
Hi Sector,

Good point.

Kvhi has been a master in securing other people's money to do their R&D.

I view this as a confirmation of how valuable their proprietary technology is.

All in all good numbers.

Bob

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To: david james who started this subject7/18/2002 12:44:31 PM
From: dvdw©
   of 6936
 
Conference Call Replay # FYI!

Available after 1:30 PM EST on 7-18-02
Number to call is 1 888- 203-1112 Replay code # 669362

Live Call failed due to some broadcast glitch, replay will catch everyone up.

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To: dvdw© who wrote (1328)7/18/2002 7:52:09 PM
From: robert b furman
   of 6936
 
Thanks - I needed that- wondered what happened.

I even reloaded Realtime - boring.

Thanks again

Bob

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To: robert b furman who wrote (1329)7/19/2002 9:41:58 AM
From: cmg
   of 6936
 
Whats everyones take on the demotion of the vp of finance. and He stayed on?.......cmg

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To: david james who started this subject7/22/2002 7:53:01 AM
From: Roy F
   of 6936
 
KVH and ABB Power Technology Products Division Develop New Optical Current Sensor

Proposed Sensors Measure Current More Accurately While Offering Significant Environmental Benefits

MIDDLETOWN, R.I., July 22 /PRNewswire-FirstCall/ -- KVH Industries (Nasdaq: KVHI - News) announced today that it has signed a Product Development Agreement with the ABB High Voltage Business Area to cooperate in the development of a new fiber optic current sensor. The agreement follows a series of joint research projects during which the companies explored the feasibility of using fiber optics to measure current in high-voltage power lines.

The new fiber optic sensors allow more accurate energy metering and wider bandwidth and improved safety over conventional technologies. Josef A. Durr, who has worldwide responsibility for ABB's High Voltage Business Area, noted two additional benefits that especially comply with ABB's research and development strategy: "The new technology decreases the number of variances and thus helps reduce delivery times. It also provides a more environmentally friendly solution."

"Free trade and competition between electricity providers place extra requirements on flexibility, automation, and metering in power networks," commented KVH president and chief executive officer Martin Kits van Heyningen. "ABB is the world leader in the power transmission and distribution field, and we're delighted to be working with them on this innovative application."

Currently, the conventional instrument transformers used to measure currents and voltages in high-voltage grids are oil- or gas-filled systems that provide analog outputs. The new fiber optic current sensor is expected to be significantly smaller and more accurate than existing devices, and it will provide instantaneous digital measurement of the current. Furthermore, the transmission of the sensor signal by means of optical fibers provides an inherent insulation against high voltages.

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 fully operational optical fiber and component manufacturing facility in Tinley Park, Illinois, and a European sales, marketing, and support office in Hoersholm, Denmark.

ABB (www.abb.com) is a global power and automation technology group that enables utility and industry customers to improve performance while lowering environmental impact. ABB has 152,000 employees in more than 100 countries.

Except for historical facts, the statements in this press release are forward-looking statements that involve risks and uncertainties. For example, the statements regarding the company's product development goals are forward- looking statements. Forward-looking statements are merely our current predictions of future events. The statements are inherently uncertain, and actual results realized by the company could differ materially from the statements made herein. Important factors that might cause such differences include: failure to develop and market fiber optic products; lack of reliable vendors, service providers and outside products; unforeseen changes in competing technologies and products; and poor or delayed research and development results. Additional factors that could affect future events 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, www.kvh.com. We assume no obligation to update our forward-looking statements to reflect new information and developments.


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.

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