Group Created with Sketch.
Volume 24 No. 117

Finance

          Callaway Golf announced that its net sales in the year
     ended December 31, '97 increased 24% to $842.9M over the
     previous year's net sales of $678.5M.  The company also
     announced that it had a net income of $132.7M for '97  -- an
     8% increase from the $122.3M in '96.  Net income included a
     one-time charge of $12M for the settlement of litigation
     between Callaway and a former employee (Callaway Golf).