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Non-Tech : Callaway Golf -- it's a buy -- Ignore unavailable to you. Want to Upgrade?

To: Mark T. Heath who wrote (158)	6/19/1998 3:31:00 PM
From: Damon Pham	Read Replies (1) \| Respond to of 307

I think it will take more than just the USGA to move this stock back up. I am long on it, but also realize that the turmoil in Asia will have a serious impact on ELY. The golfing crazy in Asia is really amazing (I lived in Asia for 2 odd years and experienced this first-hand). Taking up golf is a status symbol, right up there with a real Rolex, a big fat German car, and horribly ugly courte clothes you never thought you'd see anyone wear in public. ELY has a good brand awareness in Asia and I expect it will continue to do so--when the economy starts to recover and people start buying again. I think people are fooling themselves thinking it won't hurt too much here in the US.