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To: david james who started this subject4/19/2001 2:51:29 PM
From: Roy F
   of 6946
 
8-K on financing:
<snip>
On April 2, 2001 and April 17, 2001, we issued and sold an aggregate of 1,230,770 shares of our common stock at a purchase price of $6.50 per share to Special Situations Fund III, L.P., Special Situations Cayman Fund, L.P., Special Situations Private Equity Fund, L.P. and Special Situations Technology Fund, L.P. pursuant to a Common Stock Purchase Agreement dated March 30, 2001. A copy of the Common Stock Purchase Agreement is attached as Exhibit 10.40 to this Current Report on Form 8-K.

On April 17, 2001, we issued and sold an aggregate of 307,692 shares of our Common Stock at a purchase price of $6.50 per share to the State of Wisconsin Investment Board pursuant to a Common Stock Purchase Agreement dated April 16, 2001. The Common Stock Purchase Agreement is attached as Exhibit 10.41 to this Current Report on Form 8-K.

The Common Stock Purchase Agreements described above provide, among other matters, that, in the event we sell additional shares of common stock at a price that is less than $6.50 per share (subject to certain exceptions) within ninety (90) days after the sale of the shares of common stock described above, the purchasers will be entitled to receive from us an amount in cash equal to the number of shares of common stock purchased by each purchaser multiplied by the difference between $6.50 and the sale price of the additional shares.




ragingbull.lycos.com

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To: Roy F who wrote (800)4/19/2001 8:49:48 PM
From: robert b furman
   of 6946
 
Hi Roy,

Just wanted to say thank you for your guidance last week.

It was your (as usual) clear logic that prompted me to snag another 5,000 shares at 6.40.It was something like " this gives us an opportunity to buy KVHI at below mutual fund pricings " that really made a lot of sense.

Just like when Wisc. bot in before - They were soon above water.


This stock is really going to be exciting to hold over the next 12-18 months at least.ggggg


Thanks again


Bob

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To: robert b furman who wrote (801)4/20/2001 7:27:02 AM
From: Roy F
   of 6946
 
Hey Bob,

Kudos and congrats on your additional shares. I expect we'll be seeing a SEC 13 filing from you in the not too distant future. >G<

I assume you listened to the CC. Any thoughts you'd care to share?

Regards,

Roy

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To: Roy F who wrote (802)4/20/2001 8:27:57 AM
From: robert b furman
   of 6946
 
Hi Roy,

Just returned from being on the road "buying cars".Must listen to the call and will get back to you.

Thanks

Bob

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To: robert b furman who wrote (803)4/21/2001 12:55:52 PM
From: Sector Investor
   of 6946
 
From Yahoo! A KEY part of the Q&A is highlighted. Good job!

messages.yahoo.com

AND I added a comment also

post.messages.yahoo.com

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To: Sector Investor who wrote (804)4/23/2001 4:32:45 AM
From: Pink Minion
   of 6946
 
Anybody hear when they think they might be profitable?

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To: Pink Minion who wrote (805)4/23/2001 9:26:53 AM
From: Sector Investor
   of 6946
 
<<Anybody hear when they think they might be profitable? >>

The rapid rise in R&D is temporary, as they have elected to use consultants. Martin said the bulk of that will be in the first half of 2001, after which they concentrate on getting ready for production of the new products..

Martin reaffirmed at least $39 million in revenue in 2001. They did $8 million in Q1, leaving $31 million. Since Q2 and Q4 are the strongest quarters, this will probably breakdown as something like $10+M, $9M, $11+M, the rest of this year. The problem is a quick calculation shows that during this temporary high R&D and S&M period they need about $12 million to break even, whereas they were profitable in Q4 2000 at $8+ million.

That higher breakeven number should drop back next year, and revenue should rise significantly next year, as Martin said that the new modulator, the new ultra low profile antenna, and the current sensor ALL will be in production for revenue in January 2002.

So, probably two-three more quarters of small losses. They will have entered two MULTI-BILLION DOLLAR markets, using only a total of $15 million funding, and not all of that is likely to be spent. Some people might be thinking of waiting to buy here, but I don't think the price will be this low later in the year.

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To: Sector Investor who wrote (804)4/24/2001 7:29:53 PM
From: hamsandwich
   of 6946
 
Hey Sector (or thread),

Thanks, as usual, for the links.

I have a question re: reliability of the polymers used by KVH. A fairly insightful poster on another thread suggested cause for concern as far as the long term reliability of electro-optic polymers, specifically as reliability is necessary to meet the needs of the telcos. I have been meaning to do some research myself but the job has kept me from doing much digging (I really have to ditch my day job!).

Do you have a link/site/other suggestion as to a resource I might look at regarding reliability of polymers?

Thanks in advance.

ham

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To: hamsandwich who wrote (807)4/24/2001 11:42:35 PM
From: Sector Investor
   of 6946
 
<<Do you have a link/site/other suggestion as to a resource I might look at regarding reliability of polymers?>>

Sure. Off the Lumera website are several Dr. Dalton white papers. If the answer is not in those, there is a long list of referenced papers in the appendices. I see one (#13) that talks about "highly stable ...".

lumera.com

Please post your findings.

Whatever you think the issue is, remember that it is probably less of a problem for KVH. Lumera and others have to make planar optical microchips work with the materials. KVHI just has to use a tiny bit in the core of about 1" of optical "D" fiber. The problems with the polymers are not the same. Lumera's challenge is much more difficult.

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To: Sector Investor who wrote (808)4/25/2001 7:36:26 AM
From: robert b furman
   of 6946
 
Hi Sector,

With tiny bits of electricity.Adds to the stability characteristic.

Bob


Waiting with baited breath for a commercial modulator available for sale announcement. When that happens cheap KVHI stock will be history.


Bob

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