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Oakley Inc

BUSINESS
August 10, 1995 | CHRIS WOODYARD
Oakley Inc., the maker of premium-priced sports sunglasses, is scheduled to begin selling 10 million shares of stock for the first time today to raise at least $180 million for the owners and the company. Merrill Lynch & Co., the lead underwriter, said Wednesday that it will price the stock at $23 a share for initial buyers. The company's prospectus had projected an initial price range of $18 to $20 a share. The Irvine-based company is selling 3.
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BUSINESS
December 15, 1995
Oakley Inc. said Thursday that a French court has ruled that two competitors have violated the sunglass and goggle maker's patent rights in European markets. Oakley said in one case, the Court of Commerce in Paris ruled that certain models of Bausch & Lomb's Killer Loop sunglasses infringe on two design patents covering Oakley's sunglasses.
BUSINESS
July 19, 1998 | Bloomberg News
Sunglasses manufacturer Oakley Inc. said Thursday that it has added a patent-infringement claim over lens coatings to a lawsuit it filed against Nike Inc. last year. In an amended complaint in federal court in Santa Ana, Oakley contends sneaker and apparel giant Nike copied its patented Iridium lens-coating technology in Nike's sunglasses line. The coating helps cut glare and allows wearers to tailor the glasses' tint for specific purposes, according to Oakley, which is based in Foothill Ranch.
BUSINESS
February 15, 1996
Oakley Inc. posted strong gains in net income and sales for 1995. The Irvine designer and manufacturer of upscale sunglasses and goggles said net income rose 49% last year to $39.6 million, or $1.17 a share, from $26.6 million, or 82 cents a share, the previous year. Sales were up 39% to $172.8 million from $124 million. The company, which went public last August, said fourth-quarter net income increased 59% to $9.2 million, or 26 cents a share, from $5.
BUSINESS
December 16, 1999 | Dow Jones
Oakley Inc.'s board authorized the repurchase of up to an additional $20 million of the company's common shares at prices under $9 a share. The Foothill Ranch company, which makes sunglasses, apparel and watches, said it plans to reacquire the shares from time to time on the open market. The company currently has 70.6 million shares outstanding. Oakley's board approved the repurchase of up to 3 million of the company's common shares on Oct. 21, 1996.
BUSINESS
April 21, 2006 | From Reuters
Oakley Inc. posted an 80% drop in first-quarter profit Thursday as strong sales of sunglasses failed to offset higher operating expenses and lower margins as the Foothill Ranch-based company scales back on apparel and footwear to focus on eyewear. Net income fell to $1.9 million, or 3 cents a share, compared with $10 million, or 15 cents, in the year-earlier period. Analysts, on average, had been expecting earnings per share of 2 cents, according to Reuters Estimates.
BUSINESS
December 19, 1997 | Russ Stanton
For the fourth time this year, Oakley Inc. Chairman Jim Jannard plans to buy up to 1 million shares of stock in the sunglasses maker. Jannard said Thursday that despite a lackluster year for the sunglasses industry, he continues to believe that Oakley shares "represent an opportunistic investment at current market prices." Jannard said he would buy the shares from time to time in the open market. Oakley shares advanced 13 cents Thursday to $9.50.
BUSINESS
July 11, 2001 | Reuters
Sunglasses maker Oakley Inc. said it remains comfortable with its previous forecasts of strong earnings gains for the second quarter and full year as demand for sunglasses remains high and new product launches are on schedule. The Foothill Ranch company reiterated its earnings estimate of 33 cents a share for the second quarter, up 22% from the same period last year. Estimates for full-year earnings per share remain at 98 cents a share, an increase of 34% from 2000. Oakley's stock rose $1.
BUSINESS
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.
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