THAT'S THE CALLAWAY: SALES IN ASIA BOOST COMPANY'S INCOME

          Callaway Golf's income "surged" to $17.8M in the third
     quarter, up 201% from $5.8M during the same quarter in '98,
     due to an increase in club sales overseas, according to Mike
     Freeman of the SAN DIEGO UNION-TRIBUNE.  Callaway earned
     $0.25 a share, "which hit the target expected by Wall Street
     analysts."  S.F.-based Hambrecht & Quist analyst Shawn
     Milne: "In my mind, this was a very solid quarter for
     Callaway.  This has been an earnings turnaround story." 
     Callaway's third quarter numbers, released Wednesday, also
     show that sales were up 6% to $183.3M, compared to $172.9M
     last year.  Milne added the golf industry continues to "firm
     up" as the "market has stabilized" (UNION-TRIBUNE, 10/28).