Technology StocksKVH Industries, Inc.

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To: cmg who wrote (1392)9/16/2002 8:02:49 AM
From: Sector Investor
   of 7024

KVH Industries, Inc. (ticker: KVHI, exchange: NASDAQ) News Release - 9/16/2002
KVH Fiber Optic Gyros Guide New U.S. Army Ground Prophet Signal Intelligence System

MIDDLETOWN, R.I., Sep 16, 2002 /PRNewswire-FirstCall via COMTEX/ --

$1 Million Order Expands Use of TACNAV FOG Aboard Ground Prophet; System Playing Key Role in Counter-terrorism Efforts

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To: Sector Investor who wrote (1394)9/16/2002 11:08:16 AM
From: Bridge Player
   of 7024
In the current market it seems as though any good news is simply ignored.

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To: Bridge Player who wrote (1395)9/16/2002 3:25:58 PM
From: Sector Investor
   of 7024
Fleetwood's sales give a clue to Q3

Fleetwood was a KVH customer prior to June, but most of their antenna sales went to pop-up antennas from other vendors. This year, KVH gets all the antenna sales Fleetwood generates.

Before the June agreement, KVH antennas were separate from the Fleetwood RV purchase agreement. Now they are just another option decision the customer can make, with the antenna price included as part of the total financed price, and a small difference in the monthly payments.

Fleetwood says they sold 3,790 Class "A" Motorhomes from January through June this year.

Instead of just a few sales out of Fleetwood, KVH stands to get thousands of sales per year.

In Fact, KVH already told us this.

<<Subject to consumer demand, this opportunity represents the potential sale of several thousand additional TracVision units in the next 12 months.">>

This is a HUGE difference, and you don't need to be a genius or have an MBA to see it. The jump in communications sales from $5.9M in Q1 to $7.9M in Q2 with just 1-2 months of Fleetwood sales, and Fleetwood's strong quarter announced earlier this month (which includes the month of July), should allow everyone here a bit of vision into Q3 and the future.

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To: Sector Investor who wrote (1396)9/16/2002 9:04:16 PM
From: Sector Investor
   of 7024
Since Fleetwood has now become so important as a yardstick towards present and future KVH communications revenue, some parts of their recent 10K, issued in July after their 2002 year. They have an odd year structure. This information reflacts the 2002 year which ended in April. Their latest quarter, which was reported earlier this month, is for Q1 2003. There is some interesting information here.


Business Outlook

Late in calendar year 2001, the wholesale motor home market, particularly for gasoline powered Class A products, began to improve after about 18 months of decline.

The combination of the improved market and positive acceptance of our new products has been reflected in increased market share, higher backlogs and improved production rates, as well as the motor home division's best quarterly results, in the fourth quarter of fiscal year 2002, in over two years.

Both the towable and motor home segments introduced lower-priced products in fiscal year 2001, which adversely affected gross margins. In addition, we incurred significant non-recurring costs in an effort to right size our businesses. Our existing manufacturing capacity is more than adequate to satisfy current retail demand.

With the current low interest rates, declining dealer inventories, significant restructuring costs mostly behind us, and the introduction of new products, we expect our recreational vehicle group will achieve improved operating results in fiscal 2003 over fiscal 2002. However, the improved results of our recreational vehicle group could be adversely affected if recent declines in the stock market begin to undermine consumer confidence, which is a key factor affecting the recreational vehicle industry.

Recreational Vehicles

In fiscal year 2002, recreational vehicle sales were flat with the prior year at $1.21 billion. Motor home revenues increased by 12 percent to $716.7 million on a 3 percent increase in shipments from 8,148 units to 8,366 units. This mainly reflects improved retail demand and motor home dealer confidence beginning late in calendar year 2001. In the towable recreational vehicle category, travel trailer sales declined 16 percent from $451.9 million to $378.4 million as we continued to suffer from a lukewarm response to new product offerings in this segment. Folding trailer sales rose one percent to $117.8 million. Fiscal year unit shipments for travel trailers and folding trailers were 27,263 (including slide-in truck campers) and 17,946 respectively, representing a decrease of 17 percent for travel trailers and 6 percent for folding trailers.

The RV Group incurred a $37.5 million operating loss for the year compared with a $73.1 million loss in fiscal year 2001. The operating loss was due to travel trailers losing $38.3 million on the decline in sales and low gross margins. Motor homes earned $392,000 compared to a loss of $44.1 million in the prior year. The significant improvement in earnings was the result of a 12 percent increase in sales, improved gross margins and reduced operating expenses. Folding trailers earned $451,000 compared to $4.7 million in the prior year. Last year's RV Group results were negatively impacted by high sales incentives, labor inefficiencies due to erratic production schedules, and plant shutdown costs. Gross profit margin for the RV Group increased from 12.3 percent to 12.9 percent due to improvement in motor home margins. Motor home gross margin improvement was primarily due to a shift in product mix from Class C product to higher priced Class A motor homes. RV Group operating costs were 12 percent lower than the prior year on flat sales mainly due to the prior year's downsizing activities.

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To: Sector Investor who wrote (1397)9/18/2002 8:23:18 AM
From: David Semoreson
   of 7024
more insider selling ... and it seems to filed late relative to the others.

Relation: Vice President
Transaction date: August 27, 2002
Shares for sale: 15526

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To: david james who started this subject9/18/2002 8:51:58 PM
From: Sector Investor
   of 7024
Reply to Commandor58 on Yahoo! Any Yahoo! post over a few lines doesn't work anymore.

Why not wear a red flag!

Appearing here for the first time today with a negative post and with a Strong Sell recommendation, is like shouting "I'M SHORT!"


The Yahoo! sentiment is the stupidest thing imaginable. What long would use a strong sell recommendation on a post about a stock they own? What neutral would post here at all?

I'll address your comments anyway.

<<insiders are selling since the 2nd Q CC.>>

You do know they can only sell in small windows after earnings, right? So OF COURSE it's after a CC - IT ALWAYS IS. DUH!

If you look at the insider selling, you will see that almost 70% of it is by two people, Richard and Sid.

Now if you look at several SEC DEF 14As for the last several years you will see both listed since 1998 in the Executive Officers table, and were granted options each year. In the 2002 DEF 14A both drop out of the table and neither were granted options. A new CFO gets hired in July. Subsequently both are selling out their shares, and one is listed as a "former VP" on the sell transaction. You don't need special skills to read into that. So that selling has to be discounted as a special situation.

The remaining sellers are mainly small amounts, and we know more than one of the executives are buying new homes. And most of them still own more shares in 2002 than they did in 1999.

I see no issue here - unless someone who wants the stock to drop further appears to point out the insider selling!

LOL! You people should do some DD before you post here!

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To: Sector Investor who wrote (1399)9/18/2002 9:49:47 PM
From: Sector Investor
   of 7024
Reply to indinvestor on Yahoo!

<<Short KVHI? You've got to be kidding! The maximum potential on a short of this stock is only a few bucks, but more realistically, a few cents here and there. >>

Indi, I'm willing to bet Commandor58 went short here today at $6.00 or near.

I watched the action today like usual. Did you notice the Ask never dropped from $6.30?

He is short and trapped here, with the Ask 30 cents higher! No wonder he appeared here to bash!

$6 is near the bottom for this cycle. Q3 is going to be a quarter to be remembered.

It is an oddity that Fleetwood's Fiscal Year begins at the end of April. Their latest earnings include the month of July, and we know they had a strong sales quarter, with positive comments about the RV sector and Class "A" motor homes in general. Fleetwood is averaging over 630 Class "A" motor homes per month, almost 1,900 per quarter.

Each customer purchasing a KVH antenna gives KVH about $1,800 - $2,000 in new sales. If just 50% bought antennas, that represents about $1,800,000 IN NEW REVENUE that they didn't have in the past. That doesn't count Featherlite or Rexhall, who could add an extra few hundred thousand to the top line. Figure perhaps an extra $2,000,000 between the three new OEMs, and a rebound in sensor sales (as was mentioned in the CC), and the acceleration of the Ground Prophet order (which was anticipated), and you can see an excellent quarter shaping up.

Then add in the new CFO's statements in the last CC::

<<My immediate priorities are squarely focused on our financial performance. We WILL adjust our cost structure to yield profits in the near term, and sustain profitable growth in the longer term. We will also improve asset utilization to strengthen cash flow, and provide for additional tactical and strategic investment flexibility. And I intend to provide the finance management, leadership and support, that will drive the company to achieve best in class performance over the longer term. >>

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To: david james who started this subject9/19/2002 8:24:06 AM
From: Sector Investor
   of 7024

KVH Industries, Inc. (ticker: KVHI, exchange: NASDAQ) News Release - 9/19/2002
Luxury Vehicles Now Equipped with Satellite TV and High-speed Internet

MIDDLETOWN, R.I., Sep 19, 2002 /PRNewswire-FirstCall via COMTEX/ --

Becker Automotive Design, a Premier SUV Conversion Firm, Chooses KVH TracVision and TracNet to Create Mobile Offices for Celebrities
For an executive, time on the road is time that could be spent managing a business. Until recently, the mobile office was limited to cellular phones and fax machines. However, California-based Becker Automotive Design, a premier luxury sport utility vehicle (SUV) conversion firm, has taken the mobile office to new heights by adding the power of satellite TV and high-speed mobile Internet access to its elite SUV limousines. Using the TracVision(R) satellite TV and TracNet(TM) mobile Internet systems from KVH Industries (Nasdaq: KVHI), Becker Automotive Design now offers its executive business and celebrity clients unmatched connectivity with more than 300 channels of news, entertainment, and audio, as well as the full power of two-way mobile Internet access.

"We selected the KVH TracVision and TracNet because there was nobody else in the industry who could offer the two-in-one approach of satellite TV and Internet. This design simplifies installation and minimizes the number of antennas that are mounted on the roof," explained Chad Clemens, Becker Automotive Design's project supervisor. "The primary application for the TracVision and TracNet has been the mobile office and commuting scenario with a vehicle built in a limousine-style configuration. Our clients specify that they need to use their time on the road more effectively."

Based in Los Angeles, Becker Automotive Design, Inc., ( specializes in converting SUVs and other externally low-profile, non-attention-drawing vehicles (including the Ford Excursion and Chevrolet Suburban) into original-length, non-stretch, executive limousines by providing spacious and elegant interiors, equipped with an array of personal comforts and top-of-the-line electronics. Customization options include GPS navigation systems, LCD video screens, world-class audio systems, and armor sufficient to protect drivers and passengers from a variety of threats. Past and present customers of the privately owned firm include Cher, Will Smith, Tiger Woods, Bruce Springsteen, Sylvester Stallone, Barbra Streisand, and Shaquille O'Neal.

"Increasingly, the automobile is becoming an extension of the modern office through the use of wireless technology," remarked Jim Dodez, KVH's vice president of marketing. "Satellite TV offers all of the news that an executive needs, from Bloomberg TV to CNN and the business coverage offered by CNBC. When you combine that with a two-way, mobile connection to the Internet, you have access to all of the resources necessary to stay in touch and make critical business decisions. We are very pleased that Becker Automotive Design, which is renowned for its outstanding quality and attention to detail, uses the KVH TracVision and TracNet systems as the satellite TV and mobile Internet solutions aboard its extraordinary SUVs. The combination of luxury, versatility, and amenities make the Becker-designed mobile office unlike any other on the road today."

TracVision L3 is a fully automatic, in-motion antenna that delivers satellite television and audio from DIRECTV(R), DISH Network(TM), or other high-powered DVB-compatible satellite systems worldwide while the vehicle is both in motion and parked. Programming includes news, sports, weather, movies, and other entertainment commonly found on cable TV systems, as well as more than 40 channels of commercial-free CD-quality music. The TracVision L3 is also fully compatible with the new KVH TracNet Mobile High-speed Internet System, which offers mobile, two-way access to the Internet. TracNet receives Internet downloads at speeds reaching 400 kilobits per second (Kbps) via the high-powered, mobile DirecPC(R) satellite service, available exclusively from KVH Industries.

Complete information regarding KVH's TracVision and TracNet systems can be found on the company's web site, In addition, high-resolution, press-ready images of a Becker Automotive Design SUV conversion vehicle equipped with both TracVision and TracNet, are available to download from the News section of the KVH web site.

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 fiber optic manufacturing facility in Illinois, and a European sales, marketing, and support office in Hoersholm, Denmark.

KVH Industries Contact:
Chris Watson, Communications Coordinator

Investor Relations Contact:
Phil Davidson or Jolinda Taylor
FD Morgen-Walke

Financial Media Contact:
Ron Heckmann
FD Morgen-Walke


SOURCE KVH Industries

CONTACT: Chris Watson, Communications Coordinator of KVH Industries,
+1-401-847-3327,; or Investor Relations, Phil Davidson or
Jolinda Taylor of FD Morgen-Walke, +1-617-747-3600; or Financial Media,
Ron Heckmann of FD Morgen-Walke, +1-415-296-7383


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To: Sector Investor who wrote (1400)9/19/2002 8:26:07 AM
From: Roy F
   of 7024

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To: Sector Investor who wrote (1401)9/19/2002 8:26:50 AM
From: Sector Investor
   of 7024
Becker's Client List

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