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CALLAWAY GOLF BUSINESS FUNDAMENTALS CONTINUE TO BE STRONG

 CARLSBAD, Calif., Nov. 19 /PRNewswire/ -- Don Dye, president and Ely Callaway, chairman and chief executive officer of Callaway Golf Company (NYSE: ELY) stated, "We are not aware of any reason for the recent drop in our stock price. The company's business fundamentals continue be very strong, as we recently indicated in our Third Quarter letter to shareholders. Any rumors to the contrary are, in our opinion, unfounded and irresponsible."
 -0- 11/19/93
 /CONTACT: Ely Callaway or David Rane, 619-931-1771/
 (ELY)


CO: Callaway Golf Co. ST: California IN: LEI SU:

EH-JB -- SD001 -- 6549 11/19/93 12:52 EST
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Publication:PR Newswire
Date:Nov 19, 1993
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