Odetics, ANAHEIM

Nature of Business: Develops and manufactures automation products that store and control information.

Total Employees: 587

In Orange County: 552

Stock Listing in The Times: On AMEX as “OdetA”

Ticker Symbol: “O.A”

Friday’s Close: $7.25

One-Week Change: Up $0.25

Analyst Review: “Even though Odetics down 22 cents through nine months, we’ve got a buy on the stock for a couple of interesting reasons: one is a real estate play, and the other is a new product aimed at a multibillion-dollar market. Odetics’ headquarters is across the street from Disneyland . . . right where Disney intends to put its new parking lot. As a transaction is consumated, Odetics could end up a debt-free company. More importantly, Odetics recently introduced an automated tape library which provides mass data storage for mid-range computer systems; they have a lead of six months to year on other companies in this $4 billion market. The company loss 22 cents per share through the quarter ended Dec. 31, and that’s a reflection of increased R&D; spending and the fact that the revenue from their cart system--that’s the machine that automates programming at broadcast television stations--is off. But I think they’ll come back in the fourth quarter. They’ve got a strong backlog of cart machines--strong enough to make up the 22 cents a share. I expect this company to quadruple in size over the next four years.”

--William Gibson, senior analyst, Cruttenden & Co., Santa Barbara

SALES VS. PROFITS

Fiscal year ending Mar. 31 Mar. 31 Mar. 31 3 Qtrs. 3 Qtrs. 1989 1990 1991 1991 1992 Net Sales $54.8 $55.3 $72.4 $52.7 $50.2 Net Profit (Loss) $1.1 $1.2 $1.0 $.678 ($.990)

Corporate Outlook: “We invested a lot of time, resources and dollars in the robotics area, and we were the first to come out with a large tape library for the broadcast industry. We used that technology to move into new automated tape storage systems for the computer industry. We expect this to be the big pay-off, and we’re pretty excited about it. This is the largest market we have ever entered. The future of the company is in the tape library system. Through this whole recession, we have tried to reduce expenses while trying to maintain the schedule of these new products--that was a very difficult balancing act. It was a real gut-wrenching time. We’re pleased with where we sit right now. If the economy has a resurgence, we’re in position to produce good profits for our shareholders.”

--Joel Slutzky, chairman/CEO

3-YEAR SUMMARY AND YEAR-TO-DATE: RETURN ON STOCKHOLDER INVESTMENT

Fiscal year ending Mar. 31 Mar. 31 Mar. 31 3 Qtrs. 1989 1990 1991 1991 52-Week High $6.38 $6.50 $8.13 $5.38 52-Week Low $4.88 $3.75 $4.00 $4.00 Book Value Per Share $3.60 $3.88 $4.12 $4.05 Price Per Share $6.00 $5.25 $7.13 $4.25 Net Earnings Per Share $0.25 $0.28 $0.24 $0.16 Price-to-Earnings Ratio 24:1 19:1 30:1 21:1 Avg. Return on Investor Equity 7% 7% 6% 5%

Fiscal year ending 3 Qtrs. 1992 52-Week High $7.38 52-Week Low $3.75 Book Value Per Share $4.07 Price Per Share $5.25 Net Earnings Per Share ($0.22) Price-to-Earnings Ratio N/A Avg. Return on Investor Equity N/A

Source: Odetics Inc.

For more information call or write, Odetics Inc.: 1515 S. Manchester Ave., Anaheim, Calif., 92802. (714) 774-5000