OAKLEY SHOE LINE OFF TO A SLOW START, GLASSES PICK UP SLACK

          Oakley stock "tumbled" 11%, or $1.25 a share, closing
     at $9.63 Tuesday on the NYSE, when the company said third
     quarter sales from its new footwear line were about $900,000
     -- "less than what the company anticipated and lower than
     some analysts expected," according to Greg Hardesty of the
     ORANGE COUNTY REGISTER.  Hardesty wrote that "modest shoe
     sales were the only skid mark in a quarter that saw earnings
     increase" 21%, to $8.2M, and revenue "jump" 13%, to $67.3M,
     "largely on the strength" of the company's sunglasses
     business.  Oakley spokesperson Renee Law said that shoe
     production "has gone slower than expected," which is "not
     unusual" for a new line (ORANGE COUNTY REGISTER, 10/22).