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To: Roy F who wrote (788)4/14/2001 9:26:09 AM
From: robert b furman
   of 6935
 
Hi Roy,

Nah it would be simple.A couple of big buck investors like you.gggg

Besides life is too simple when your average cost is so low that you need a tweezers to look it up.<smile>

One disadvantage would be the possibility of a smaller investor flipping the position.

I agree with your thought on some fund wanting a position without having to go to the open market for what is an incredibly thinly traded stock.

On the other hand that's why I like this stock - when the rest of the world figures out the potential for current sensors and modulators - Zay vill PAY !!


None the less it would be neat for KVH to dance with the ones that brung em and make an offer available in say increments of 10,000 shares.

It would only take 70 players who already are current owners.

Any of those who were holders thru the trough(remember Cohu at 15/16???) are hardly flippers of this stock.


I wouldn't be surprised to see Wisconsin belly up again - although they may have exposure restrictions.


Good to hear from you and congrats on bumping up your position.


Bob

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To: robert b furman who wrote (789)4/14/2001 10:00:59 AM
From: Roy F
   of 6935
 
None the less it would be neat for KVH to dance with the ones that brung em and make an offer available in say increments of 10,000 shares.

Perhaps they could include those of you who desire to participate and add a few shares to the offering.... although, per the PR: We are actively engaged in
discussing this sale of stock with a select group of strategic partners and institutional investors.
Maybe they don't realize the strategic nature of your involvement. >G<

The other thing is that, regardless of the dilution, it's good to increase the share total. I think the low float restricts funds from investing in KVH. Too hard to get out if something were to go terribly wrong.

Anxiously awaiting the report and CC. It's always interesting to find out what they've been working on that none of us know about... fertile minds.

BTW, there's still a gap to the 6 level... >VBG<

Be well,

Roy

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To: robert b furman who wrote (789)4/14/2001 10:18:28 AM
From: Sector Investor
   of 6935
 
I posted this on Yahoo!. Comments appreciated.

messages.yahoo.com

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To: Roy F who wrote (790)4/14/2001 8:07:58 PM
From: voop
   of 6935
 
Hence my 6 and 1/8 order as yet unfilled


Voop

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To: Sector Investor who wrote (791)4/15/2001 7:32:25 AM
From: Roy F
   of 6935
 
Hi Sector,

Exactly the problem: Creating the product is only part of the battle. When KVH was dealing only with the military and shipping/yachting/RV arenas, production was not an issue as 1) the military would wait.. and so would KVH, and 2) the demand of the other was easy to keep up with.

Now, as you suggest, if the demand is strong for their product(s), how will they produce enough to fill the orders. I think that was part of the reason for additional cash and 'the road show'. It seems to me that a contract manufacturer would be the best answer for both problems. If indeed they can produce at a tenth of the cost of the competing product, throwing in a few percent for a third-party manufacturer wouldn't be that harmful... or, just include the cost in the original price and sit back and count the money.

Good topic for the up-coming CC. I hope you'll be able to participate on behalf of all of the tech-challenged out here.

Regards,

Roy

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To: david james who started this subject4/16/2001 11:46:42 AM
From: Roy F
   of 6935
 
Did KVH just get frozen at $6.50? I don't mean halted, just stymied by the forthcoming offerings.

They usually have a PR the morning of the earnings release, if memory serves....

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To: Roy F who wrote (794)4/16/2001 11:54:33 AM
From: akmike
   of 6935
 
Hi Roy,

**Did KVH just get frozen at $6.50? I don't mean halted, just stymied by the forthcoming offerings.**

If that is the case, then individuals are getting a rare opportunity to buy in at the same level as venture-oriented institutions. If you recall the purchase @ 6.25 by Wisconsin, that put a nice floor under the stock in a very ugly market. It could well happen again. This coming cc should be of interest to more than have normally been following the company.

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To: akmike who wrote (795)4/18/2001 8:51:34 AM
From: akmike
   of 6935
 
Financing completed!

biz.yahoo.com

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To: akmike who wrote (796)4/18/2001 8:54:49 AM
From: akmike
   of 6935
 
Full article for archives:
Press Release
KVH Industries Completes Private Placement
MIDDLETOWN, R.I.--(BUSINESS WIRE)--April 18, 2001--KVH Industries (Nasdaq: KVHI - news) announced today the completion of a private placement of 1,538,461 common shares priced at $6.50 per share, for a total of $10 million, to two institutional investors. These sales will bring the total additional equity raised by the company since year-end to $15 million. The proceeds of the placement will be used to finance the company's Photonic Fiber and Mobile Broadband R&D projects. KVH intends to register the shares by filing a Form S-3 during the second quarter ending June 30, 2001. Needham & Company acted as placement agent for the financing. The company's board has approved the sale of an additional $5 million of common stock priced at no less than $6.50 per share, which would complete its current financing plan.



``This additional funding allows KVH to accelerate the development of our two exciting projects - Photonic Fiber and Mobile Broadband. As stated previously, supplementary capital was necessary for KVH to take full advantage of these opportunities. We are extremely pleased that we were able to raise funds at attractive terms in such a difficult market,'' said Martin Kits van Heyningen, president & CEO.

The Photonic Fiber project is focused on developing a new class of products for high-speed optical networking applications. These products will combine the company's proprietary D-fiber with newly developed electro-optic polymers. If successful, the resulting photonic fiber technology would offer significant improvements in speed and cost for the $8.1 billion optical component market. Currently, fiber optic products from KVH are used to meet the growing demand for highly precise, cost-effective sensors in robotics, electrical current sensors, and other OEM applications.

The Mobile Broadband project being pursued by KVH seeks to develop solutions to allow automobiles to receive satellite television and high-speed Internet while in motion. Leveraging its expertise as a leading provider of mobile communications systems, KVH is developing ultra-low profile antennas practical for these applications. These antennas would allow automobiles to receive services via satellite, and would take advantage of the growing market for video entertainment, especially in minivans and sports utility vehicles.

KVH Industries, Inc. is a leading provider of innovative high-bandwidth communications products. Using proprietary fiber-optic and satellite antenna technology, 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.

This press release may contain certain forward-looking statements that involve risks and uncertainties. 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 Annual Report on Form 10K filed with the Securities and Exchange Commission on February 8, 2001. Copies are available through the company's Investor Relations Department or web site.


--------------------------------------------------------------------------------
Contact:

Company Contact:
Richard Forsyth
KVH Industries, Inc.
401-847-3327
or
Investor Relations Contact:
Kristian Svindland or Jolinda Taylor
Morgen-Walke Associates
617-747-3600
or
Financial Media Contact:
Ron Heckmann
Morgen-Walke Associates
415-296-7383


Email this story - Most-emailed articles - Most-viewed articles

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To: akmike who wrote (797)4/18/2001 10:10:29 AM
From: akmike
   of 6935
 
IMO the timing of this financing announcement signals the likelihood of no negative surprises from the upcoming earnings and cc. For one, I will not consider it negative for R & D to have been ramped considerably, whereas it would be negative for revenues to slide.

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