Odetics Shares Rise After Settling Suit

Odetics Inc.’s stock rose 10% Monday, the first trading session after the Anaheim provider of computer storage equipment said it will receive $100 million in settling its lengthy patent-infringement lawsuit against a competitor, Storage Technology Corp., in Louisville, Colo.

Odetics’ stock rose $1.13 to $12.25 a share in Nasdaq trading. Storage Technology’s stock closed at $20.06 a share, down 63 cents, on the New York Stock Exchange.