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K2 Corp

BUSINESS
July 12, 2001 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
Sporting goods manufacturer K2 Inc., hoping to beef up its sales and production in Asia, said Wednesday that it had found just the man to help: former Vice President Dan Quayle, who will join the company's board of directors. "We chose Dan Quayle for his China connections, his knowledge of the Asian landscape and his political savvy," said John J. Rangel, the company's senior vice president for finance. "He's also a very nice man."
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BUSINESS
February 26, 2001 | From Reuters
Los Angeles-based sporting goods company K2 Inc. on Sunday said it expected to post 2001 earnings in the range of $1.05 to $1.15 per diluted share as a slowing U.S. economy was likely to hurt sales this year. K2 was expected to earn $1.21 a share, according to the sole analyst polled by research firm First Call/Thompson Financial.
BUSINESS
November 19, 1999 | Bloomberg News
K2 Inc. said it will move half of its ski and snowboard manufacturing from Seattle to Southern California and China and will have suppliers make its bike products to cut costs. The Los Angeles-based sporting goods company will make only high-end skis in Seattle after the move of production to plants it owns in Corona and China by year-end. The Corona plant, which K2 acquired with its recent purchase of Ride Inc., will house manufacturing of mid- to high-end snowboards.
BUSINESS
December 30, 1998 | LESLIE EARNEST, TIMES STAFF WRITER
Bill Sharp, who helped transform Katin Inc. surf wear from a storefront operation into a multimillion-dollar business, said Tuesday that he has resigned as president of the Costa Mesa-based company, a title he has held since 1990. He declined to say why he left Katin, which was purchased last year by Los Angeles-based ski and snowboard maker K2 Inc. "I am going to be pursuing other opportunities," he said.
BUSINESS
October 14, 1998 | Bloomberg News
K2 Inc. shares fell 30% after the sporting goods company warned of lower-than-expected third-quarter earnings because of poor sales of its expensive bicycles. Shares of the maker of skis, snowboards, in-line skates and other sporting goods fell $4.31 to close at $9.88 on the New York Stock Exchange. Earlier, shares touched $7.75, a 52-week low. K2 said poor sales of its high-end, full-suspension bicycles led it to cut prices, eroding margins.
CALIFORNIA | LOCAL
April 1, 1998 | YUNG KIM, TIMES STAFF WRITER
A Carlsbad man won $50,000 Tuesday for riding a wave nearly 50 feet high in a contest sponsored by K2, a Costa Mesa sports equipment maker. Taylor Knox, 26, caught the winning wave in February off the Mexican coast. Despite being a former U.S. Tour champion and the 19th ranked surfer on the world pro tour, Knox said that riding the biggest wave of the winter came down to a simple thing: holding on.
BUSINESS
March 19, 1998 | RUSS STANTON and DAVID REYES, TIMES STAFF WRITERS
It has become the talk of the surfing world. Did Taylor Knox ride the ultimate wave when he successfully navigated an estimated 48-foot monster off Ensenada last month? Or did Peter Mel catch the biggest giant barrel at Half Moon Bay in January? Normally, battles like this are for nothing more than bragging rights. But in this case, the winner gets a cool $50,000. It's all part of a clever advertising campaign by ski and snowboard maker K2 Inc.
BUSINESS
March 19, 1998 | RUSS STANTON, TIMES STAFF WRITER
Ski and snowboard maker K2 Inc. is heading for the beach. Beginning next month, shorts, shirts and caps emblazoned with the K2 logo will begin appearing in Southland surf shops as the company takes a risk almost as big as some of the extreme sports athletes it outfits. The Los Angeles sports-equipment maker is using last year's acquisition of Katin USA in Costa Mesa as a springboard into the $1.7-billion surf-wear industry.
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