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Typically if the speedo doesn't work the odometer doesn't, so probably both problems will be fixed once the speedo is fixed.
On the transmitter, can you link me to the page at fastlane?
A couple things come to mind, the transmitter might be on the tranny on the later cars with electric speedo, not sure what year that started, or the transmitter might be the pickup on the back of the speedo which the cruise control used to regulate speed (it's the speed sensor in other words, I know for awhile the sensor was built onto the back of the speedo).
My guess is the sppedo itself is at fault. Could pull the cluster out and srive it like that while trying to observe if the inner speedo cable keeps spinning or if it stops. I'm sure someone can link you to a good speedo repair place.
Gilly
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