Odetics to Trim Staff

Odetics Inc., a supplier of communications equipment and services, said it will cut its work force by 25%, or 140 employees, to cut costs and reduce negative cash flow. The Anaheim company’s stock tumbled $2.38, or nearly 33%, to close at $4.88 on Nasdaq. Earlier in the session, the shares hit a 52-week low of $4.44. Odetics, which has posted operating losses in each of the last four years, also said it will take a charge of $8 million to $9 million in its fiscal third quarter related to the cuts.