Callaway 1998 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 1998 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 42

  • 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

Callaway Golf Company designs, manufacturers and sells premium, innovative golf clubs
that are demonstrably superior to, and pleasingly different from, its competitors’ products.
Callaway Golf’s primary products currently include Big Bertha®Metal Woods and Irons,
including Great Big Bertha®Hawk Eye®Titanium Metal Woods, Big Bertha®Steelhead™
Stainless Steel Metal Woods, Big Bertha®X-12™Stainless Steel Irons, and Odyssey®Putters
and Wedges with Stronomic®and Lyconite™Inserts.
Statements used in this discussion that relate to future plans, events, financial results or performance are forward-looking
statements 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 carefully review and con-
sider the various disclosures 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” below, 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 infor-
mation. Accordingly, shareholders should not assume that the Company agrees with any statement or report issued by any analyst irrespective of the
content of the statement or report. Further, the Company has a policy against issuing or confirming financial forecasts or projections issued by oth-
ers. Accordingly, to the extent that reports issued by securities analysts contain any projections, forecasts or opinions, such reports are not the
responsibility of the Company.