by The Editors on October 25, 2007
In an amazingly generous act of philanthropy the Carlsbad golf giant has announced that their Callaway Golf Foundation has donated $100,000 to the American Red Cross to “provide relief for those affected by the wildfires in the San Diego area.”
“Countless employees, their families and neighbors have been impacted by the wildfires,” said Michele Szynal, Director, Callaway Golf Foundation. “The Foundation’s sole purpose is to support the people in communities where our employees live and work. We’re committed to helping any way we can.”
That’s very cool.
[Link: BusinessWire]
by The Editors on October 18, 2007
According to a report released by Carlsbad’s Callaway Golf Co. (ELY) yesterday, it is highly likely that they will show a profit for the third quarter of this year. In the golf business that is apparently enough news for a celebration.
The high-end golf club maker said it expects its quarterly results to range from break-even to profit of 2 cents per share, including two charges and a gain on the sale of a building.
While the numbers won’t be released until November 1, the news was good enough to send the stock up $2 to $17.27 this morning in early trading.
[Link: Houston Chronicle]
by The Editors on September 17, 2007
One of the things we’re going to miss most about the Acura Tennis Classic is the post-final Carlsbad High School Lancer Dancers and their center court rump shaking. The La Costa event may be gone, but the Lancer Dancers are alive and well. And they need your help.
On October 15, they will be holding their Seventh Annual Golf Tournament at The Crossings at Carlsbad.
The event will benefit the Lancer Dancers and junior varsity Xcalibur dance teams throughout the year. The $175 tournament fee includes a round of golf, dinner in The Crossings’ clubhouse and performances by the dance teams.
For more information about sponsorships, registration, and donations, click here.
[Link: Lancer Dancers via North County Times]
by The Editors on September 10, 2007
More bad news for Carlsbad’s little white ball business. If it’s not TaylorMade battling Callaway over patents, it’s Ashworth Golf Company reporting numbers for the third quarter ending July 31: down 6.4 percent over last year with a consolidated net loss of $5.7 million on net revenue of $49.5 million.
In the third quarter of fiscal 2007, the Company’s consolidated gross margin decreased 270 basis points to 38.2% as compared to 40.9% in the third quarter of fiscal 2006. The decrease in consolidated gross margin was driven significantly by a decrease in revenue without a commensurate decrease in overhead expenses being applied to cost of sales.
Guess letting people keep their jobs when sales are down is bad for business. But we don’t golf, so what do we know.
[Link: Businesswire]
by The Editors on August 23, 2007
We don’t golf. In fact, just last night we tossed our old clubs in the dumpster, but that doesn’t keep us from understanding how having great irons can change your game.
Carlsbad’s TaylorMade Golf has just introduced a new iron called the Burner XD, which is likely designed to make the people who just bought the popular Burner driver feel a little less satisfied with their current sticks.
“The phenomenal distance and overall performance of the Burner family of metalwoods, especially the Burner driver, has had golfers clamoring for a Burner iron,” said Sean Toulon, TaylorMade executive vice president. “That’s because Burner metalwoods are so compelling, from both a performance and personality standpoint. We believed that if we applied that same Burner formula to an iron, we can deliver incredible performance. Great news. The wait is over. The new Burner XD iron is here.”
These would probably be perfect for The Crossings.
[Link: World Golf]
by The Editors on August 19, 2007
In classic old-school point-counter-point fashion the North County Times has paired two people up to answer the burning question: Is Carlsbad’s $68 million golf course a good investment? The pair is made up of sports editor Loren Nelson and staff writer Marc Figueroa. Would you believe the sports editor is in favor of the course? It is Figueroa, however, who makes the best point in the entire debate:
So when the city of Carlsbad trotted out its shiny, new $68 million track earlier this month, I couldn’t help but scratch my head. Why invest that much money in something that only a small percentage of people are going to use?
We agree. Let us know what you think: click the link below to post a comment.
[Link: North County TImes]
by The Editors on August 14, 2007
For politicos from other parts of the country, La Costa Resort and Spa seems to be the destination of choice when traveling on the public’s dime. But lately it’s meant trouble for somel. In Knoxville, Tennessee they’re looking a little more deeply into it.
The Ethics Committee, formed earlier this year as a result of state legislation aimed at cleaning up government after the Tennessee Waltz scandal, also wants Kim Bennett, executive director of the county pension board, to explain the La Costa golf trip. . . Commissioner Chairman Scott Moore and Commissioner Ivan Harmon were among four county representatives on the trip hosted by Wilshire Associates, the county’s pension consultant. . . .The trip included a round of golf, which costs up to $205 per person at La Costa. The foursome’s travel was funded by the county pension board.
Nothing like letting the county pension fund pay a couple rounds at La Costa.
[Link: Knoxnews.com]
by The Editors on August 11, 2007
After two separate days of “locals only” play, The Crossings-at-Carlsbad is finally open to the general public. We were planning on getting up early this morning and driving out to do some coverage on the first people to play the course, however, after last night’s TGIF Jazz in the Park we just weren’t feeling it.
We called to check on when a “visiting guest” could get on the course and the first available bookable tee-time was on Sunday August 19th. Apparently, this course is being pretty well-received.
[Link: The Crossings-at-Carlsbad]
by The Editors on August 10, 2007
According to a story in the San Diego Union Tribune Callaway has filed lawsuits in federal court in Texas and San Diego claiming that “TaylorMade, a division of Adidas also based in Carlsbad, was violating two golf ball patents and one dealing with an iron club.” Callaway declined to comment, however, Taylormade had no problem.
Scott Leightman, a spokesman for TaylorMade, said several of Callaway’s current drivers, a key market for each company, were infringing on his company’s patents. “There is more to the dispute than their allegations, and we’ll take appropriate measures to protect our patented technologies,” he said.
As we’ve learned from the tech industry: lawsuits are simply forms of negotiation.
[Link: San Diego Union Tribune]
by The Editors on August 9, 2007
Sure Carlsbad has been waiting for a municipal golf course for 17 years, and yes, there is a lot of excitement: the two days of locals only golf scheduled for this weekend sold out in 20 minutes. The question the North County Times is asking is: then what? What happens after the honeymoon is over and The Crossings-at-Carlsbad is just one more Southern California golf course?
“Just because a new course opens up doesn’t mean that 35,000 more rounds (a year) are being played,” said John McNair, vice president of operations for JC Golf, which manages nine courses in San Diego and Temecula, including The Crossings’ neighbor, Encinitas Ranch, and inland courses such as Twin Oaks in San Marcos, the Rancho Bernardo Inn and the par-3 Reidy Creek in Escondido. “The Crossings is going to take a chunk from everyone.”
In an industry that’s currently not growing it will be interesting for everyone. Maybe this will force a price war at local courses. Then we all win.
[Link: North County Times]
In an amazingly generous act of philanthropy the Carlsbad golf giant has announced that their Callaway Golf Foundation has donated $100,000 to the American Red Cross to “provide relief for those affected by the wildfires in the San Diego area.”
RSS Feed-Posts