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To: Roadkill who wrote (221)8/17/1998 8:17:00 AM
From: Roy F  Respond to of 7026

I agree with your analysis regarding reduced expenses. I think expectations of a bread even quarter are not out of the question.

Consider also that the TRACNAV expectations and most other endeavors are growing at a fairly healthy rate. This should offset anything less than the 20% efficiency gains expected. After all, the 20% may not be achieved overnight.

R and D will remain high, most likely, but the efforts are more focused to areas where demand is perceived to be highest. This all bodes well for KVH, IMO.



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