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OAKLEY FILES SUIT AGAINST NIKE ALLEGING PATENT INFRINGEMENT

          Oakley, Inc. announced today it has filed a lawsuit
     against Nike alleging that some of Nike's most recently
     released sunglass products infringe on Oakley's XYZ Optics
     patent.  The patent was issued to Oakley earlier this week. 
     Oakley Chair Jim Jannard: "Our competitors often feel the
     need to use our inventions.  While this is flattering, it is
     still not acceptable."  Oakley says that it has yet to lose
     a lawsuit in which it alleged patent infringement (Oakley).
          EARNINGS: Oakley released its second quarter financial
     earnings.  For the period ended June 30, Oakley reported net
     income of $8.8M, or $0.13/share, compared with net income of
     $15.7M, or $0.22/share, for the comparable '96 period.  The
     company reported net sales of $55.2M versus $62.8M for the
     prior-year period.  Domestic net sales totaled $35.1M and
     int'l net sales were $20.1M, compared with $41.9M and
     $20.9M, respectively, in '96.  Oakley reports that domestic
     sales declined as a result of "significantly lower sales" to
     Sunglass Hut, the company's largest customer (Oakley). 

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

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