|I can’t emphasize enough how cautious we need to be. I fully expect KVH to guide lower for Q4. And this new product is way more incremental than I was hoping for. Don’t get me wrong, this is an important product for stemming the bleeding. But what are we looking at? A product that has only added a new modem. That’s it. Why couldn’t they merge the ICM with the server? It’s been 5 years. This product doesn’t increase market opportunity, in terms of vessel size.|
We need to look at this in terms of competition. GX provides broader coverage, with the same size dish and comparably similar data rates. KVH is catching up with this product. They used to be a leader. It’s clear they are abandoning their relationship with ViaSat and moving closer to Intelsat...a company that is financially distressed.
This product introduction concerns me more than excites me. Sorry for the wet blanket but I’m tired of the incrementalism. It’s incredibly arrogant of MKVH. JMHO.
I don’t know, maybe seeing this new product in terms of CaaS will change my opinion. I’m just not sold. Probably because I expected today’s announcement 2 years ago.