| Business Summary | | Cobra
Electronics
Corporation
is
a
global
manufacturer
of
two-way
mobile
communications
products.
Products
are
marketed
under
the
Cobra
brand
name.
The
Company
operates
only
in
the
consumer
electronics
industry.
Principal
products
include
Soundtracker
and
NightWatch
citizen
band
radios,
HighGear
accessories,
microTALK
Family
Radio
Service
(FRS)
and
Private
Mobile
Radio
(PMR)
two-way
radios
nine-band
and
10-band
detectors
with
Strobe
Alert
technology
Safety
Alert
transmitters
and
receivers.
In
1999,
the
Company
introduced
a
new
line
of
Citizen
Band
radios
featuring
an
adjustable
illuminated
front
panel.
In
1997,
the
Company
entered
the
rapidly
growing
FRS
two-way
radios
market
and
in
1998,
began
selling
its
new
microTALK
line. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Cobra
Electronics
Corporation
is
a
manufacturer
of
two-way
mobile
communication
products.
For
the
six
months
ended
6/30/01,
net
sales
rose
15%
to
$65.9
million.
Net
income
fell
52%
to
$1.1
million.
Net
sales
reflect
an
increase
in
sales
of
microTALK
FRS
and
PMR
two-way
radios
and
HIGHGEAR
accessories.
Net
income
was
offset
by
lower
gross
margins,
an
increase
in
selling
expenses
and
a
$1.4
million
charge
for
the
terminated
acquisition
of
Lowrance
Electronics. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Carl Korn, 79 Chairman | -- | -- | James Bazet, 53 Pres,
CEO, Director | $673K | -- | Michael Smith, 47 CFO,
Sr. VP | -- | -- | Anthony Mirabelli, 59 Sr.
VP, America Marketing and Sales | 312K | -- | Gerald Laures, 53 VP-Fin.,
Corp. Sec., Director | 248K | $33K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|