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Chicago-- Cobra Electronics reported a "disappointing" second quarter for the period ending June 30, citing a loss of $2.7 million, compared to a net income for last year's quarter of $723,000.
The loss was due to a write down of inventory from its first generation of GPS products.
Separately, Cobra said its new NavOne 2500 portable navigation product due in September, will be one of the first portable GPS devices to offer Wi-Fi capability for faster wireless and data capability. That device...