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June 21, 2002

* Odetics Inc. has sold its headquarters complex in Anaheim to real estate investors 1515 South Manchester LLC in a sale-lease-back transaction valued at $22 million.

* Meade Instruments Corp. said its fiscal first-quarter loss narrowed to $507,000, or 3 cents a share, from $798,000, or 5 cents, a year ago. Sales rose 25% to $20.1 million.

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