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TWICE - November 3, 2008

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Cobra Posts Gain In Operating Income

Cobra Electronics cut costs and improved its operating income in its third quarter, while reporting declines in net sales and net earnings. Operating income increased to $793,000, from $17,000 in the prior year's quarter, but was eroded by a loss of $318,000 in the cash surrender value of life insurance that the company carries to recapture the costs of deferred compensation pro...



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