For Summer 2009, Quiksilver are pleased to present their Signature Series of board shorts designed by a few of their pro surfers. 9 time world champion Kelly Slater, has designed the Mo Massive exclusively for Quiksilver.
Universally recognised as one of the best surfers of our time, Kelly’s signature shorts are designed to improve performance, and with them worn by the man himself, these are a great purchase for any surfer this summer.
As one of the most successful French surfers Miky Picon was a natural choice to team up with Quiksilver to make his own pair of signature board shorts named after himself; ‘The Miky’ Another Quiksilver pro designing his own pair of the ‘Mo Massive’ is Jeremy Flores. Similar to Kelly’s signature design Flores has opted for bright colours, making his shorts stand out whilst on the waves.
Known as one of the most creative surfer’s on the tour, American born Dane Reynolds, has transferred this energy and coolness to his own signature short called ‘The Cool Out’.
Finally the last to put his own stamp on the Quiksilver board shorts is Mustafa who has called his ‘Tunnel Vision’.
Kewalo Basin was firing on all cylinders all day, surf banging in the 3 to 6 foot range. The best Junior surfers took on the strong currents, grinding perfect barrels and the more than occasional close outs to put on one of the best shows ever. It was a display of high preformance surfing all the way as perfect conditions prevailed all day. Maui’s Albee Layer, who turns 18 tomorrow the 9th, laid it down heavy in the man on man final heat against Kauai’s Kaimana Jaquias to win the prestigious contest. Consistent radical turns and a 10 point tube ride sealed the deal. “The ten point ride I had priority for and it was too perfect to blow it”, said Layer. “The final was nice cause I don’t get to surf heats that long a lot. It got a little less consistent but I got lucky and got a couple good ones in the beginning and calmed down. The money helps to stay on a roll.” Layer won much needed points for his campaign towards making the ASP World Jr.Championship invite list and a cool $2,000.00.
Kauai’s Kaimana Jaquias gave it his best shot, just falling short in the final.
“The strategy was to keep him from getting the good ones but he found the great one”, explained Jaquias. ” The current was strong and it was tiring. The man on man format was new to me but this is the closet you get to the pros, this was important.” Jaquias won $900.00 for his efforts.
Stand outs included Granger Larsen, Maui and Billy Kemper, Maui who were equal 3rd overall, winning $550.00.
Quarter man on man results: Heat 1) Kaimana Jaquias 1st, Kaito Kino 2nd Q2) Billy Kemper 1st, Matt Meola 2nd, Q3) Granger Larson 1st, Kekoa Cazimero (injured) 2nd, Q4) Albee Layer 1st, Tanner Hendrickson 2nd, $250.00. Kekoa Cazimero suffered a muscle injury and did not surf the quarter round.
For full heat sheets email Faith at asphi@hawaii.rr.com.
Quiksilver’s stock fell 18 percent in early morning trading as investors worried about the high interest rates on its new financing agreements and other issues regarding its liquidity.
- more up to the minute data here
Shares of Quiksilver Inc., which makes outdoor clothing and equipment, fell more than 18 percent early Tuesday as analysts worried about its near-term prospects after it took new loans at higher interest rates.
“We view progress on the refinancing of the business as a positive and see a light at the end of the tunnel for near-term liquidity concerns,” Thomas Weisel Partners LLC analyst Jim Duffy said in a research note. “The cost of financing, however, is daunting.”
Quiksilver is taking a $150 million over five years from Rhone, a private-equity firm, and has secured a $200 million credit facility.
Duffy said the $150 million loan comes with a 15 percent interest rate and gives the private-equity firm warrants for 20 percent of the shares priced at $1.86.
The analyst said interest payments are expected to cost the company $110 million per year. Duffy suspended the firm’s rating on Quiksilver shares until the company finishes all refinancing.
The company still need to renegotiate certain uncommitted lines of credit in Europe, Wedbush Morgan Securities analyst Jeff Mintz told investors.
Monday, Huntington Beach, Calif.-based Quiksilver reported a fiscal second-quarter profit of $2.8 million, reversing a year-ago loss of $206.2 million that included hefty costs related to now-discontinued operations. But a weak outlook sent shares lower in aftermarket trading.
Its shares tumbled 67 cents to $2.95 in Tuesday morning trading.
