Callaway 1999 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 1999 Callaway annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

Callaway Golf Company designs, manufactures and sells premium, innovative
golf clubs and golf balls that are demonstrably superior to, and pleasingly differ-
ent from, its competitors’ products.
Callaway Golf Company makes and sells Big Bertha®Metal Woods and Irons,
including Great Big Bertha®Hawk Eye®Titanium Metal Woods and Hawk Eye®
Tungsten Injected™Titanium Irons, Big Bertha®Steelhead Plus™Stainless Steel
Metal Woods and Steelhead™X-14™Stainless Steel Irons and Bobby Jones®and
Carlsbad Series™Putters. Callaway Golf Company also makes and sells Odyssey®
Putters and Wedges with Stronomic®and Lyconite®inserts, including the White
Hot™and TriForce™Putters. Callaway Golf Ball Company launched its Rule 35™
Firmfeel™and Softfeel™golf balls on February 4, 2000.
Statements used in this report that relate to future plans, events, financial results or performance are forward-looking state-
ments as defined under the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and
uncertainties which could cause actual results to differ materially from those anticipated. Readers are cautioned not to place
undue reliance on these forward-looking statements which speak only as of the date hereof. The Company undertakes no
obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. Readers also are urged to review and consider carefully the various disclo-
sures made by the Company which describe certain factors which affect the Company's business, including the disclosures
made under the caption “Management's Discussion and Analysis of Financial Condition and Results of Operations – Certain
Factors Affecting Callaway Golf Company,” as well as the Company's other periodic reports on Forms 10-K and 10-Q and
Current Reports on Form 8-K filed with the Securities and Exchange Commission. Readers also should be aware that while
the Company does, from time to time, communicate with securities analysts, it is against the Company's policy to disclose to
them any material non-public information or other confidential commercial information. Reports issued by securities ana-
lysts are not the responsibility of the Company and shareholders should not assume that the Company agrees with any
report issued by any analyst or with any statements, projections, forecasts or opinions contained in such report.
On the Cover (From left to right) Ely Callaway, Founder, Chairman and Chief Executive Officer; Ron Drapeau, Senior
Executive Vice President, Manufacturing; Richard Helmstetter, Senior Executive Vice President, Chief of New Golf Club
Products; Chuck Yash, President