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Oakley Inc

BUSINESS
December 16, 1998 | Leslie Earnest
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.
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BUSINESS
June 7, 1997 | GREG JOHNSON
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.
BUSINESS
February 10, 2005 | From Reuters
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.
BUSINESS
March 20, 1998 | RUSS STANTON
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.
BUSINESS
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.
BUSINESS
August 11, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
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.
BUSINESS
April 25, 1997 | PATRICE APODACA, TIMES STAFF WRITER
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.
BUSINESS
January 23, 2001 | LESLIE EARNEST, TIMES STAFF WRITER
Oakley Inc.'s aggressive effort to branch out beyond its core sunglasses business is paying off, the company said Monday. Oakley, based in Foothill Ranch, said it expects fourth-quarter earnings to beat analysts' estimates, thanks to a sales boost from shoes, clothes, prescription eye wear and watches in what is normally a slow period. Sales of these products more than doubled to $20.2 million in the three-month period.
BUSINESS
September 12, 1996 | GREG JOHNSON, TIMES STAFF WRITER
Oakley Inc., the high-end sunglasses manufacturer, on Wednesday declared a 2-for-1 stock split effective Oct. 10, a move that analysts said was designed to keep the high-flying stock attractive to individual investors. While Oakley's stock fell $2.50 to $46.50 in New York Stock Exchange trading, industry analysts suggested that the split won't have a long-term negative impact on Oakley's stock price. Linda Killean, who tracks new stock issues for Renaissance Capital Corp. in Greenwich, Conn.
BUSINESS
January 10, 2003 | From Bloomberg News
A federal appeals court Thursday barred Luxottica Group, the world's largest maker of luxury eyewear, from selling some sunglasses in the U.S. while rival Oakley Inc. pursues a claim that the products infringe its patents. The U.S. Court of Appeals for the Federal Circuit upheld a trial court's December 2001 order preventing Luxottica from selling sunglass models with "Emerald" green or "Ice" blue tinted lenses.
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