I am finding the same here, Jeff, and it has been reported. But for me a 
more important problem with the K144XV is the amount of frequency drift. 
It would see there are several issues that need resolving.

73

David G4DMP

In a recent message, Jeff Cochrane - VK4BOF <[email protected]> 
writes
>
>The issue of the erroneous S meter readings has been an issue (for me 
>at least) since I updated from firmware 3.97.
>I like all the new features in the later firmwares but I would 
>appreciate getting our real S meter readings back on 2M.
>(Case in point, the local FM repeater here shows as 60db over 9 on any 
>other radio BUT the K3, it only shows the repeater as S9+5db on a good 
>day and S9 on most other days)
>I have tried two different K144XV's with the same result.
>



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