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Technology Stocks : KVH Industries, Inc.
KVHI 5.755-3.6%Nov 3 3:55 PM EST

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To: David Semoreson who wrote (1382)9/14/2002 1:50:44 PM
From: Bridge Player  Read Replies (2) of 7249
 
<< A former VP selling is irrelevant,>>

I disagree. It seems to me that a former VP selling nearly 80% of his holdings, during a period in which the company is supposed to be turning the corner to profitability, and especially in light of the other insider sales, is pretty significant.

The recent weakness in the stock is now explained. On a stock this thinly traded, 60,000 shares on insider sales in about 6 weeks is a lot.

IMO these sales as well as the weakness in the stock are an indication that the widely heralded return to profitability will be delayed for at least another quarter. No doubt we will get a very logical reason for this during the October conference call.
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