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CALLAWAY GIVES ALDILA THE SHAFT
Published January 24, 1995
"Shares of golf-equipment suppliers were in the rough Monday after Aldila Inc. announced that this year's earnings likely will fall below last year's levels." The news knocked its stock down 51%. Aldila attributed the expected decline in revenue and earnings to Callaway Golf Co.'s decision to start buying golf club shafts from a wide base of companies. San Diego-based Aldila is the largest supplier of graphite shafts to Callaway. Aldila said 66% of its revenue last year came from supplying Callaway. The other large maker of clubs, Cobra Golf Inc., manufactures its own shafts. But "many investors mistakenly took Aldila's announcement as a sign that Callaway's business also would be down this year." Callaway's stock dropped nearly 3% (DOW JONES/ST. LOUIS POST-DISPATCH, 1/24) OTHER GOLF NEWS: Cobra announced that it has received two individual patents for the cosmetic design and functionality of all product categories of Cobra's oversize iron heads (Cobra)....Gamemaker T-HQ announced that the company will publish "PGA Tour Golf III" for Nintendo and Sega game systems (T- HQ)....Renaissance Golf Products Chair Miles Doody announced that Fila Golf will introduce several new products at the '95 PGA Merchandise Show in Orlando, on January 27-30 (Renaissance).