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Callaway Golf Co

BUSINESS
October 5, 2001 | Bloomberg News
Callaway Golf Co., the largest U.S. golf club maker, sued Dunlop Slazenger Group Americas Inc. for allegedly infringing a golf ball patent. In a federal lawsuit filed in Wilmington, Del., the Carlsbad-based company said Dunlop infringed a Callaway ball design featuring dimples with different diameters that provide "steeper entry angles" and "greater low-speed lift." The design patent was issued in April. Closely held Dunlop, based in Greenville, S.C.
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BUSINESS
April 7, 2005 | From Bloomberg News
Callaway Golf Co. said preliminary earnings for its first-quarter were below analysts' expectations because of an 18% drop in sales. The company said it earned 26 cents to 28 cents a share, based on sales of $300 million. The figures compare with profit of 59 cents and sales of $364 million a year earlier. From Bloomberg News * Monsanto Co. said fiscal second-quarter profit more than doubled on sales of corn and soybean seeds and Roundup weed killer. Net income rose to $373 million, or $1.
BUSINESS
April 12, 2006 | From Reuters
Callaway Golf Co. warned that profit and revenue would miss Wall Street targets for the first quarter after the golf equipment maker delayed the release of products. The Carlsbad, Calif.-based company said it was expecting earnings per share excluding items of 34 cents to 36 cents on net sales of about $300 million. The company is scheduled to report first-quarter results April 26.
BUSINESS
November 2, 2007 | From Times Wire Reports
High-end golf club maker Callaway Golf Co. said it swung to a third-quarter profit on higher sales of its new products. Net income rose to $1.3 million, or 2 cents a share, from a loss of $11.9 million, or 18 cents, during the same period last year, the Carlsbad company said. Revenue rose 22% to $235.5 million. Excluding one-time items, net income for the quarter was 6 cents a share, ahead of 2 cents a share expected by analysts surveyed by Thomson Financial. Shares rose 12 cents to $16.
BUSINESS
May 6, 1999 | Dow Jones
Callaway Golf Co. and Spalding Sports Worldwide Inc. said Wednesday that they have settled a trademark lawsuit the Carlsbad golf club maker filed against Spalding last year in federal court in Santa Ana. Financial terms were not disclosed, but Spalding said it has agreed to phase out a line of golf balls that it had advertised as being specially made to perform well with Callaway clubs.
BUSINESS
July 24, 2003 | From Bloomberg News
Top-Flite Golf Co., which filed for bankruptcy protection last month along with parent Spalding Holdings Corp., will be sold at auction Sept. 3, a judge ruled. U.S. Bankruptcy Judge Mary Walrath in Wilmington, Del., gave a $125-million offer by Callaway Golf Co. the inside track in the competition. Adidas-Salomon, the world's second-largest sporting-goods maker, also has made a bid, and at least four other companies have expressed interest in Top- Flite. Bidding closes Aug. 27.
BUSINESS
May 16, 2001 | Associated Press
Ely Callaway, the 81-year-old founder of Callaway Golf Co., retired as chief executive and president, citing health problems. Ron Drapeau, senior executive vice president of manufacturing, was named to succeed him in those positions, effective immediately, the Calabasas-based company said. Callaway, who had planned to step down later this year, will remain as chairman. Last month, a tumor was discovered on his pancreas during surgery to remove his gall bladder.
BUSINESS
July 8, 2001 | James F. Peltz
Ely Callaway, a feisty, daring former textile executive and vintner who revolutionized golf for pros and duffers alike with oversized metal clubs and in the process built an $840-million company while in his 70s, died Thursday of pancreatic cancer. He was 82. Callaway, whose Big Bertha driver quickly became a staple in golfers' bags after its debut a decade ago, had retired as Callaway Golf Co.'s chief executive after the cancer was found in April but had remained chairman of the board.
BUSINESS
August 18, 1999 | A Times Staff Writer
Ely Callaway, the colorful founder of Callaway Golf Co., designated a successor to take over for him as chief executive of the golf club maker when he retires, which could be between now and next year. Chuck Yash, who has been president and chief executive of Callaway's subsidiary, Callaway Golf Ball Co., will serve as president of the Carlsbad-based parent in the meantime. Yash, 50, will also continue to head the golf ball unit, which will introduce its first product in January.
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