KVH Industries, Inc. Message Board

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Technology Stocks : KVH Industries, Inc.

KVHI 5.970

+1.4%

Oct 31 9:30 AM EST

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To: Roy F who wrote (195)	6/30/1998 2:29:00 AM
From: Roadkill	Read Replies (1) of 7249

Hmmm . . . Let's see if I've got this right: >>"Efforts are underway to reduce inventory levels, consolidate staff responsibilities, increase focus on high-potential product lines and streamline administrative functions."<< Read: We're having a fire sale to get rid of these bloated inventories, and had to fire a bunch of people who had nothing to do. >>"KVH anticipates that these activities will speed product development and manufacturing turnaround times, enhance corporate visibility in the appropriate markets and decrease overhead with the ultimate goal of increasing operating margins."<< Read: This FOG acquisition has been a little harder to swallow than we thought. Operating margins stink. >>"We have devised a restructuring plan that will maximize our operational efficiencies over the long term, with an underlying strategy that reflects a shift in the company's focus towards the broadband communications and high-end navigation markets that hold significant promise for the future of KVH"<< We can't sell the stuff we used to sell, so we're gonna try to sell some new stuff. Stuff we haven't gotten around to inventing yet, but which is gonna be real neat. And fast. "Bandwidth" . . . "high-end" . . . "significant promise" . . . yada yada yada >> "KVH is at a juncture where costs related to new-product introductions and intense technological development have been exerting pressure on our earnings, and we are particularly committed to controlling expenses during this interim period."<< Earnings stink, even more than anyone expected. >> "The company is encouraged by the potential for its fiber optic gyroscopes to broaden its product range in the military market."<< "Encouraged"? By "the potential"? Yikes. >>"KVH expects to release financial results of its 1998 second quarter on July 17. Write-offs related to the restructuring will be reflected in second-quarter results."<< In case we didn't get it the first few times: Earnings are really going to stink. Still long but skeptical. Good news: my basis is 3, so I only can lose 3 points! RK

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