Business Edge for Tuesday May 15 2001


The latest:
NO WORD ON CASEY YET: Sources at the office of Sen. Tom Harkin (D-Iowa) and elsewhere inside the Beltway thought Monday would be the day for the Supreme Court of the United States to hand down its decision in PGA Tour Inc. v. Martin. But the usual noon posting time on the Supreme Court website,, came and went. Four opinions appeared, but not the Martin case.
Martins legal quest to use a golf cart on the PGA Tour began more than three years ago. He suffers from a rare circulatory disorder, Klippel-Trenaunay-Weber syndrome, which causes blood to pool in his leg and makes it nearly impossible for him to walk 18 holes.
Martin sued the PGA Tour under the Americans With Disabilities Act and won at trial and at the intermediate appeal level. The Supreme Courts decision could come any time between now and early July, when the Court breaks for the summer.
CALLAWAY, ASHWORTH SIGN LICENSING DEAL: Golf apparel leader Ashworth Inc. and Callaway Golf have signed a licensing agreement under which Ashworth will make Callaway golf clothing for men and women. The first lines will be on the shelves for Fall 2002, but Callaway wholesale customers will get a look this October at the companys annual retailer meeting.
Callaway (NYSE: ELY) had a record first quarter, with sales of $261 million. Ashworth (NASDAQ: ASHW) had sales of more than $27 million in the first quarter.
NOW GET DOWN AND GIVE ME TWENTY: Strokes, that is. Hilton Head Island, S.C. golf course architect Clyde Johnston is taking advantage of the recent surge in renovation work nationwide to update the Marine Recruiting Depot course at Parris Island, S.C. Legends at Parris Island - Course BeautyThe new course will be called The Legends at Parris Island, and even if recruits had time to play during basic, they wouldnt recognize the course if they came back after their hitches. Johnston moved most of the fairways and renovated many greens and bunker complexes, all in the name of making the course satisfying for the recreational player while staying environmentally responsible to surrounding wetlands.
Johnston says the United States government owns 481 military golf courses ' making it the biggest course owner in the country.