All I know is that Callaway (to my knowledge anyway) isn't up for sale. That might be more due to them being practical in their marketing approach, or maybe the loyal following they have, or maybe because they just make a decent product?
Dunno. All I know is they've managed to keep their business afloat during the economic downturn and subsequent lack of interest that has been quite ominous for much of the industry as a whole.
Survival in this day and age would seem they're doing something halfway right.