November 15, 1996
Oakley Inc. said the District Court of Paris ruled in its favor in design patent and trademark infringement cases against Bausch & Lomb Inc. Oakley said the court ruled the "Northside" model sold under Bausch & Lomb's Killer Loop brand infringes the registered design protecting Oakley's "Eye Jacket" model. Oakley said the court awarded damages to Oakley from both Killer Loop and Bausch & Lomb and ordered the cessation of sale of all Northside products.
December 16, 1998 |
Oakley Inc. said Tuesday that a judge has ruled in its favor on eight pretrial motions related to the Foothill Ranch company's patent infringement lawsuit against Nike Inc. The federal court's rulings strengthen Oakley's legal positions and will limit Nike's defense at the trial, which is scheduled to begin in June, Oakley said.
June 7, 1997 |
Oakley Inc. has acquired One Xcel Inc., a Massachusetts company that markets optically correct protective face shields used on sports helmets, the companies said Friday. Terms of the acquisition were not released. In a news release, Oakley said it will consolidate One Xcel's business in its new plant in Foothill Ranch. Oakley will continue to market the polycarbonate shields under the One Xcel name.
February 10, 2005 |
Oakley Inc. on Wednesday said its earnings more than tripled, boosted by solid sales of newer products including Oakley Thump audio eyewear and sales of combat eyewear to the Army. Fourth-quarter net income climbed to $10 million, or 15 cents a share, from $3.2 million, or 5 cents, a year earlier. Wall Street analysts on average had forecast earnings for the quarter of 13 cents a share. U.S. net sales, excluding the company's retail store operations, increased 58% in the fourth quarter to $62.
March 20, 1998 |
It didn't show up in the sports pages, but if Oakley Inc. were a country, the Foothill Ranch sunglasses maker would have been the runaway winner of the recent Winter Olympics. Athletes wearing the company's high-tech glasses and helmet shields won 32 medals in 16 events at the recently concluded games in Nagano, Japan. The speedskating events in particular looked like one long Oakley commercial.
April 28, 1998 |
Oakley Inc. Chairman and President Jim Jannard decided to forgo compensation in 1997, a year in which the sunglasses supplier saw its profit sag. Company spokeswoman Renee Law said that Jannard decided in mid-1996 to waive all future salary and link his compensation entirely to the Foothill Ranch-based company's returns. Jannard is Oakley's largest stockholder with 38 million shares, or 53.8% of the total. That stake was worth $461 million as of Monday's closing price of $12.
July 19, 1996
Oakley Inc., the manufacturer of upscale, sporty sunglasses and goggles, posted solid gains in profit and sales in the second quarter. Net income surged 32% to $15.7 million, or 44 cents a share, from $11.9 million, or 37 cents a share, a year ago, the company said Thursday. Sales advanced 37% to $62.8 million from $45.7 million. For the six months, net income showed a 32% gain to $26.7 million, or 74 cents a share, from $20.2 million, or 62 cents a share, for the six-month period last year.
June 18, 1998 |
Oakley Inc., the second-largest U.S. maker of sunglasses, said it sued market leader Bausch & Lomb Inc., claiming some of its glasses infringe Oakley patents. Oakley said Rochester, N.Y.-based Bausch & Lomb's Revo, Killer and Arnette-style glasses infringe Oakley's patents for its XYZ Optics lens and its Iridium lens-coating technology. The suit, filed in federal court in California, is another salvo in Foothill Ranch-based Oakley's legal campaign to protect its share of the annual $1.
August 11, 1995 |
Oakley Inc., whose pricey sports sunglasses grace the noses of grungy surfers and Olympic athletes alike, saw its stock rise 18% on Thursday in a strong debut as a publicly owned company. The stock, which rose $4.125 per share from its initial offering price, thrust Oakley founder and President Jim Jannard into the ranks of Orange County's wealthiest.
April 25, 1997 |
Oakley Inc., the Orange County maker of fashionable sunglasses, said that a major counterfeiting operation has been shut down following a six-week investigation. The Carson-based counterfeiting ring, operating under the name Spenser Products, was broken up by the Los Angeles County Sheriff's Department in a raid last week, the company said. About $10 million worth of copycat sunglasses, T-shirts, hats, computerized embroidery machines, printing equipment and other goods were seized.