Callaway Golf and TaylorMade Golf reach patent agreement |
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Published
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Fri, 14 Dec 2007 23:15
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SAN FRANCISCO (Thomson Financial) - Callaway Golf Co. and TaylorMade Golf Co. said late Friday they have reached a joint settlement and patent license agreement that resolves all pending litigation between the companies.Each company will have specified rights to make products under patents owned by the other under the terms of the agreement. Details of the settlement are confidential.Shares of Callaway, a Carlsbad, Calif.-based golf products company, closed the regular session down 18 cents at $17.25.Brigid Gaffikinbg/gmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Callaway Golf swings to 3Q profit $1.3M vs year-ago loss $11.9M 