Odetics of Anaheim Loses Ruling on Award
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<i> Times Wire Services</i>
One day after hitting a high for the year, Odetics Inc.’s stock tumbled $3 to $13.75 after federal filings revealed that competitor Storage Technology will get another chance to argue that the court should throw out a $70.6 million jury verdict awarded to Odetics in a patent infringement suit against StorageTek.
Anaheim-based Odetics develops, makes and markets products used to record digital, video and audio information for a variety of industries.
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