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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): July 7, 1999
ODETICS, INC.
(Exact Name of Registrant as Specified in Charter)
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Delaware 000-10605 95-2588496
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(State or Other Jurisdiction (Commission File Number) (IRS Employer Identification No.)
of Incorporation)
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1515 South Manchester Avenue, Anaheim, California 92802
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (714) 774-5000
Not Applicable
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(Former Name or Former Address, if Changed since Last Report)
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Item 5. Other Events
On July 7, 1999, Odetics, Inc. issued a press release, a copy of which
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 7. Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits
99.1 Press Release dated July 7, 1999 of Odetics, Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
July 7, 1999
ODETICS, INC.,
a Delaware corporation
By: /s/ GREGORY A. MINER
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Gregory A. Miner
Vice President, Chief Operating
Officer and Chief Financial Officer
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Index to Exhibits
Exhibit
Number Exhibit
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99.1 Press Release of Odetics, Inc. dated July 7, 1999.
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EXHIBIT 99.1
ODETICS WINS $70.6 MILLION IN APPEAL AGAINST STORAGE TECHNOLOGY
Anaheim, CA--July 7, 1999 - Odetics, Inc. (NASDAQ: ODETA & ODETB)
today announced that the United States Court of Appeals for the Federal Circuit
ordered that a jury's verdict awarding Odetics $70.6 million in damages in the
case of Odetics, Inc. vs. Storage Technology Corporation ("StorageTek"), et al
(98-1533, -1585) be reinstated.
The appellate court reversed the grant of judgment as matter of law by
the U.S. District Court for the Eastern District of Virginia in favor of
StorageTek and ordered the jury's verdict reinstated. The jury's verdict found
StorageTek guilty of willful, literal infringement of claims 9 and 14 of U.S.
Patent No. 4,779,151 assigned to Odetics and awarded $70.6 million in damages.
Additional pre-judgment interest previously set by the district court at the
rate of 7.5 percent, compounded quarterly, will be added.
The district court also earlier ruled that if the jury verdict were
upheld, then a permanent injunction prohibiting the manufacture, sale, offer to
sell and use of new infringing systems would be granted. The infringing systems
are the ACS 4400, PowderHorn, WolfCreek and Genesis automated tape library
systems configured with "Pass-Thru Ports."
All other issues appealed by both sides were denied or rendered moot.
The appellate court returned the case to the district court for further
proceedings not inconsistent with the opinion of the appellate court.
Odetics was assisted in this matter by the law firm of Graham and
James, Los Angeles, California.
Odetics, Inc. is a leading supplier of communications equipment for
the television broadcast, video security, telecommunications and intelligent
transportation systems markets. As an incubator company, Odetics' mission is to
nurture and develop companies that can be spun-off to shareholders. Odetics'
headquarters are located in Anaheim, Calif., with additional operations in
Europe and Asia. For more information about Odetics, its subsidiaries and
divisions, please refer to the Odetics Web site at http://www.odetics.com.
