COOPER DEVELOPMENT CO <BUGS> 1ST QTR JAN 31 NET Shr profit seven cts vs loss 16 cts Net profit 2,144,000 vs loss 4,110,000 Sales 121.3 mln vs 20.3 mln Avg shrs 29.4 mln vs 25.3 mln NOTE: Current year net includes pretax gain on sale of product line of 11.4 mln dlrs and charge 4,711,000 dlrs posttax on expensing of a portion of unamorized debt issuance costs of unit. Current year results include Technicon Corp, acquired in August 1986.