Summary Article Nike's Dispute with the University of Oregon

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Nike, Inc. is a major publicly traded
Public company
A publicly-traded company is a company that has permission to offer its registered securities for sale to the general public, typically through a stock exchange, or occasionally a company whose stock is traded over the counter via market makers who use non-exchange quotation services.-Securities...

sportswear and equipment supplier based in the United States. The company is headquartered in Beaverton Beaverton, Oregon
Beaverton is a city in Washington County, Oregon, United States, seven miles west of Portland in the Tualatin River Valley., its population is estimated to be 86,205, almost 14% more than the 2000 census figure of 76,129...

, Oregon
Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...

, which is part of the Portland metropolitan area
Portland metropolitan area
The Portland-Vancouver, Oregon-Washington, Metropolitan Statistical Area , also known as the Portland metropolitan area or Greater Portland, is an urban area in the U.S. states of Oregon and Washington centered around the city of Portland, Oregon. The U.S...

. It is the world's leading supplier of athletic shoe
Athletic shoe
An athletic shoe is a generic name for footwear designed for sporting and physical activities.Athletic shoes, depending on the location and the actual type of footwear, may also be referred to as trainers , sandshoes, gym boots or joggers running shoes, runners or gutties An athletic shoe is a...

s and apparel
A feature of nearly all modern human societies is the wearing of clothing or clothes, a category encompassing a wide variety of materials that cover the body....

and a major manufacturer of sports equipment
Sports equipment
Sports equipment is a general term for any object used for sport or exercise.Examples for sports include: DUBii Apparel-Sticks, Bats and Clubs:Sticks are used for sports such as hockey and lacrosse.Bats are used for sports such as baseball...

with revenue in excess of $18.6 billion USD in its fiscal year 2008 (ending May 31, 2008). As of 2008, it employed more than 30,000 people worldwide. Nike and Precision Castparts Precision Castparts Corp.

Precision Castparts Corp. is a Portland, Oregon, United States-based Fortune 500 company. The industrial goods and metal fabrication company manufactures cast metal parts for use in the aerospace, industrial, defense, and automobile industries. In 2009 they ranked 362nd on the Fortune 500 list,...

are the only Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...

companies headquartered in the state of Oregon, according to The Oregonian The Oregonian
The Oregonian is the major daily newspaper in Portland, Oregon, owned by Advance Publications. It is the oldest continuously published newspaper on the U.S. West Coast, founded as a weekly by Thomas J. Dryer on December 4, 1850...


The company was founded on January 25, 1964 as Blue Ribbon Sports by Bill Bowerman Bill Bowerman
William J. "Bill" Bowerman was an American track and field coach and co-founder of Nike, Inc. He was a very successful track coach, training 31 Olympic athletes, 51 All-Americans, 12 American record-holders, 24 NCAA champions, and 16 sub-4 minute milers...

and Philip Knight, and officially became Nike, Inc. in 1978. The company takes its name from Nike Nike (mythology)
In Greek mythology, Nike , was a goddess who personified triumph throughout the ages of the...
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