New Products For April
Sunglasses maker Oakley Inc.'s president and founder has added 932,400 shares of the Foothill Ranch company's stock to his portfolio, boosting his ownership stake to 59.6%, according to documents filed recently with the Securities and Exchange Commission.fake oakleys Jim Jannard bought the shares April 28 for $6.94 a share. Oakley stock climbed $1.13 a share to close at $8.13 Tuesday after word of the purchase was released.
the maker of premium-priced sports sunglasses, is scheduled to begin selling 10 million shares of stock for the first time today to raise at least $180 million for the owners and the company. Merrill Lynch & Co., the lead underwriter, said Wednesday that it will price the stock at $23 a share for initial buyers. The company's prospectus fake oakley sunglasses had projected an initial price range of $18 to $20 a share. The Irvine-based company is selling 3.
said Thursday that a French court has ruled that two competitors have violated the sunglass and goggle maker's patent rights in European markets. Oakley said in one case, the Court of Commerce in Paris ruled that certain models of cheap oakleys Bausch & Lomb's Killer Loop sunglasses infringe on two design patents covering Oakley's sunglasses.
Sunglasses manufacturer Oakley Inc. said Thursday that it has added a patent-infringement claim over lens coatings to a lawsuit it filed against Nike Inc. last year. In an amended complaint in federal court in Santa Ana, Oakley contends sneaker and apparel giant Nike copied its patented Iridium cheap oakley sunglasses lens-coating technology in Nike's sunglasses line. The coating helps cut glare and allows wearers to tailor the glasses' tint for specific purposes, according to Oakley, which is based in Foothill Ranch.
Oakley Inc. posted strong gains in net income and sales for 1995. The Irvine designer and manufacturer of upscale sunglasses and goggles said net income rose 49% last year to $39.6 million, or $1.17 a share, from $26.6 million, or 82 cents a share, the previous year. discount oakley sunglasses Sales were up 39% to $172.8 million from $124 million. The company, which went public last August, said fourth-quarter net income increased 59% to $9.2 million, or 26 cents a share, from $5.