The company had expected to sell its Birmingham golf ball operation
Penfold before January 31, but there is no news on this front as yet.
It recently sold off its loss-making golf businesses and has lined up its Birmingham golf ball operation
, Penfold, for sale before the end of the financial year in January.
In fact, the Company reported in its 10-Q filed today that it exercised its right to purchase the golf ball manufacturing equipment currently in use in its golf ball operation
We saw positive margin improvements in this division, as a result of both the exclusion of the low margin footwear business and manufacturing efficiencies in our US tennis ball operation
Mark King worked for Taylor Made for 15 years before being recruited as vice president of sales of Callaway's fledgling golf ball operation
in January 1998.
Otsubo, represented by the law firm of Mugglebee & Mugglebee, has alleged that Ball perpetrated the fraud as part of an effort to minimize the estimated $12 million-$15 million cost of shutting down the Ball operation
in San Diego.
The urethane cover enhances the ball's performance, according to Mike Kramer, senior vice president of golf ball operations
Penicka, 41, who joined Callaway Golf in 1997, had most recently been Executive Vice President of Manufacturing in golf club and golf ball operations
since June of 2001.
We fully expect our combined golf ball business to be profitable going forward, ending the profit drain we have experienced from our own golf ball operations
since start up.