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To: Roy F who wrote (266)3/30/1999 5:07:00 PM
From: robert b furman
   of 6936
 
Hi Roy,

Thanks for the neat news on KVHI.
I went into the BRIAR PATCH and enjoyed reading the article.Seems like his opinion closely matches mine.Didn't know that the FOG was so Iffy , felt like it was a prerequisite for continued military interest. JMHO

Sure is nice to see KVHI close above 2.
Must be our friends at the Briar Patch are having an influence. GO PATCH !!! GO PATCH !!! HEHEHEHE

THANKS FOR THE GREAT NEWS



Bob

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To: robert b furman who wrote (267)3/31/1999 7:21:00 AM
From: Roy F
   of 6936
 
Bob,

I think KVHI has maintained for some time that it would be late '99 before business really picked up. However, from their conference call, I think they're trying to be quite conservative... trying to make their projections 'easily attainable'. We'll see

Two dollars is good, I wonder how much influence Briar Patch can generate...?

Roy

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To: Roy F who wrote (268)3/31/1999 5:51:00 PM
From: Roy F
   of 6936
 
Briar Patch Announces Investment Opinion on KVH Industries, Inc.

March 31, 1999 05:03 PM
NEW ORLEANS--(BUSINESS WIRE)--March 30, 1999--Briar Patch Stock Market Letter, www.briarstock.com, released a comprehensive report on KVH Industries, Inc. KVHI .

KVHI integrates navigation and communication data, a growing field. KVHI recently introduced TracVision LM, an antenna system that enables moving vehicles to receive satellite TV broadcasts. The Briar Patch predicts that TracVision LM will have a strong impact on 1999 sales and profits.

The company's strong product pipeline is a result of extensive research and development. The Briar Patch forecasts the probability of new products with significant sales potential. Management goals of $100 million in revenue (a 500% increase) over the next several years seem reasonable and obtainable.

The full report is available at www.briarstock.com. Non subscribers can review this report and others by taking a free thirty day trial subscription. Current reports on Piccadilly Cafeterias Inc. PIC and Sizeler Properties Investors Inc.SIZ are also available. These three companies are currently owned in the Briar Patch Portfolios.

The Briar Patch Stock Market Letter, www.briarstock.com, is an independent source of specific and timely buy and sell ideas. The Briar Patch Short/Long portfolio is up 74% from July 1, 1998 to March 29, 1999.





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To: Roy F who wrote (269)3/31/1999 6:33:00 PM
From: robert b furman
   of 6936
 
Hi Roy,


Never Too Much !!!


HEHEHEHEHE

Bob

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To: robert b furman who wrote (270)4/16/1999 10:07:00 AM
From: Roy F
   of 6936
 
Bob: Looks like we've got a creeper... ~$3.00 <G> If the ground war breaks out in Kosovo, we might see a pop.

Roy

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To: Roy F who wrote (271)4/16/1999 10:23:00 AM
From: robert b furman
   of 6936
 
Roy,A little marketplace feedback.
I just spent 8 days with my partner ,who just took delivery of a new boat in Florida.Obvious place to test a new boat was motor over to the Bahamas.While staying at Port Lucaya I counted 15 Trac Vision systems. I had the opportunity to ask 2 owners how they liked their system and both said they loved it and had no trouble with it at all.

I guess I've looked in all the wrong places 'but I've never seen more than two systems (San Diego Port). I guess this system is more in demand for motor yachts that go out beyond the horizon.Not a big deal, but very encouraging in particular if the Trac Nav LM becomes a hit with SUV,s Limo'c,R.V.'s. Then instead of a creeper we'll have a Tiger By the Tail.

P.S. Are You kicking yourself for not buying a 100,000 shares at 1 1/16 ?


HEHEHEHEHEHE I Love it when a plan comes together !!!

Thanks for the positive post

Bob

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To: robert b furman who wrote (272)4/16/1999 10:33:00 AM
From: Roy F
   of 6936
 
Bob, I'm a little disappointed since my average cost is about $1.60, but not nearly as disappointed as I was a month or so ago.

I appreciate the feedback from the yachting community. The quality of the products is important. The word is spreading...

Roy

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To: Roy F who wrote (273)4/16/1999 12:08:00 PM
From: robert b furman
   of 6936
 
Nice average!!!

Where were you when I needed you ???? VBG


Still like my investment !!!

Bob

My ave is $ 4.0

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To: robert b furman who wrote (274)4/22/1999 4:15:00 PM
From: Roy F
   of 6936
 
KVH Revenue Growth Reduces 1Q Net Loss

April 22, 1999 04:02 PM
MIDDLETOWN, R.I.--(BUSINESS WIRE)--April 22, 1999--KVH Industries, Inc. KVHI today announced that the company achieved record first-quarter revenues due to strong growth in communications product sales and a resurgence in defense navigation revenues during the three months ending March 31, 1999. Total revenues for the 1999 quarter increased 45 percent to $6.0 million from $4.1 million in the 1998 quarter. Communications revenues in the 1999 first quarter increased 60 percent to $2.4 million from $1.5 million in the comparable 1998 period. A 35 percent increase in total navigation revenues to $3.5 million in 1999 from $2.6 million in 1998 is attributable primarily to a $1.8 million TACNAV order that increased overall quarter-to-quarter military sales by $1.5 million.

Gross margin as a percentage of sales rose to 37 percent in the 1999 first quarter from 27 percent in the same 1998 period on gross profits of $2.2 million and $1.1 million, respectively. Operating expenses remained flat in the 1999 first quarter at $2.6 million. The resulting operating loss for the 1999 first quarter was $.4 million compared to a $1.5 million loss in the 1998 quarter. The company's net loss for the 1999 quarter was $.1 million or $.02 a share compared to a 1998 quarterly loss of $.9 million or $.13 per share.

"We launched two new products during the first quarter, TracVision(R)(LM) and TracVision 3, that contributed significant revenues to our overall gain in communications sales," said Martin Kits van Heyningen, president and CEO. "TracVision (LM), which we designed for mobile television reception by RVs, motor coaches, mini-vans and other vehicles, has exceeded our initial sales expectations. Based on the initial positive feedback that we are getting from customers and our strong competitive position in the land mobile market, we believe that TracVision (LM) has the potential to contribute significant future revenues. We also are excited by the enthusiastic response to TracVision 3, an upgrade of our award-winning TracVision II system for mobile marine television reception. TracVision 3 now offers navigation and other features that we believe make our system the premiere choice for mariners in North America."

According to Richard Forsyth, chief financial officer, "During the first quarter, we successfully launched new products and advanced product research while achieving a 10 percent decline in administration costs and incurring only a 2 percent increase in engineering expenses and a 5 percent increase in sales and marketing costs. In addition to important gains in manufacturing and operations efficiencies, we moved both our ISO 9001 certification effort and our new computer installation closer to completion during the quarter."

KVH anticipates that communications sales will continue to accelerate while defense sales will remain moderate during 1999 and that OEM fiber optic gyro (FOG) sales may begin to recover late in the year. The company is allocating substantial research and development funds to accelerate fiber optic technology integration into its defense products during 1999. These costs in combination with fixed FOG operating costs and new product marketing costs are expected to adversely affect the company's financial results with losses anticipated during the remaining 1999 quarters.

The company is continually extending its competitive edge to maintain growth in communications sales by designing advanced features into its products while further improving reliability and identifying new, profitable markets. To enhance navigation revenues, the company is combining its advanced fiber optic technology with its tactical navigation systems for military applications that the company believes offer significant long-term sales potential. The company also is aggressively pursuing new OEM sales opportunities for its FOGs.

KVH Industries utilizes its proprietary fiber optic, autocalibration and sensor technologies to produce navigation and mobile satellite communications systems for commercial, military and marine applications. The company has headquarters in Middletown, RI, (USA) with offices in Illinois, Florida and Denmark.


This press release may contain certain forward looking

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To: david james who wrote ()5/27/1999 2:13:00 PM
From: Roy F
   of 6936
 
Charles Trimble Named KVH Director;Founder of Trimble Navigation Limited Brings GPS Expertise

May 27, 1999 01:54 PM
MIDDLETOWN, R.I.--(BUSINESS WIRE)--May 27, 1999--KVH Industries, Inc. KVHI today announced that it has named Charles R. Trimble, founder of Trimble Navigation Limited of Sunnyvale, California, and a world-renowned expert on global positioning system (GPS) technology, to its board of directors. KVH board membership remains at seven as Mr. Trimble succeeds James Saalfield, who resigned in October 1998, as a Class II director.

Mr. Trimble established Trimble Navigation, which designs, manufactures and markets GPS-enabled electronic products that determine precise geographic location, in 1978. He served as Trimble Navigation's president and chief executive officer until August 1998. Under Mr. Trimble's leadership, Trimble Navigation grew from a startup to the first public company engaged solely in providing GPS solutions, with 1998 revenues of over $260 million and a dominant role in the GPS information technology market. Mr. Trimble is an elected member of the National Academy of Engineering and has been chairman of the United States GPS Industry Council since 1996.

"Mr. Trimble possesses a technological and business expertise that will be a valuable resource for KVH, and we are honored that he has accepted this appointment," said Martin Kits van Heyningen, KVH president and chief executive officer. "KVH specializes in designing products that enhance GPS capabilities for navigation and communications applications. We believe Mr. Trimble's expertise in developing a range of GPS components and systems will be an important element in growing KVH and increasing shareholder value."

KVH develops and manufactures products that can provide positional data even when GPS is blocked by structures, terrain or deliberate blocking of satellite signals. TACNAV(TM), the company's tactical navigation system, provides accurate, real-time heading, orientation, position and pointing information for a variety of military vehicles in the U.S. and abroad. KVH is integrating its fiber optic gyro (FOG) technology with TACNAV to produce a navigation system that will meet the accuracy and durability requirements of the most advanced armored vehicles. The company's communications products deliver television, phone, fax and data and navigation systems in mobile environments. Products that deliver television and certain data through direct broadcast satellite include TracVision(R) LM for land vehicles such as RVs, SUVs, long-haul trucks and mini-vans, and TracVision 3 for marine vessels. Tracphone(R) 25 and Tracphone 50 deliver voice, fax and data to a broad range of vessels, from pleasure boats to international commercial ships.

"KVH has already established a presence with military and commercial entities in the mobile land and marine markets," says Mr. Trimble. "The FOG-based products KVH is developing are very promising, particularly for advanced navigation and communications applications that require the most precise geographic data and long product lifetime. I am pleased that I will be able to play a role in further advancing the growth of this innovative company."

Prior to founding Trimble Navigation, Mr. Trimble was manager of Integrated Circuit Research and Development at Hewlett-Packard's Santa Clara Division and he was recognized at that time for developing commercial advances in efficient signal processing, high-speed analog-to-digital converters, and digital time measurement techniques to the picosecond level. Mr. Trimble's awards include: the Piper General Aviation Award from the American Institute of Aeronautics and Astronautics for pioneering the manufacture and application of affordable GPS; the Kershner award from The Institute of Electrical and Electronics Engineers for significant technological contributions to electronic navigation and positioning systems, equipment or practices; and INC Magazine's 1991 "Entrepreneur of the Year" award.

Mr. Trimble is a former member of the Board of Governors for the National Center for Asia-Pacific Economic Cooperation (APEC), the Council on Foreign Relations, and the Vice President's Space Policy Advisory Board's task group on the future of U.S. Space Industrial Base for the National Space Council. He received a BS degree in Engineering Physics, with honors, and a MS degree in Electrical Engineering from the California Institute of Technology. Mr. Trimble holds patents in signal processing and GPS.

KVH Industries utilizes its proprietary fiber optic, autocalibration and sensor technologies to produce navigation and mobile satellite communications systems for commercial, military and marine applications. The company has headquarters in Middletown, RI, (USA) with offices in Illinois, Florida and Denmark.



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