Apparatus and methods for managing a connection cable that is used for interconnecting a small form factor (SFF) portable optical disk drive (ODD) or other similarly configured ODD to an information handling system such as notebook or desktop computer. A retractable fixed connection cable may be provided inside an internal cavity within the external enclosure of a portable ODD apparatus that has an inner chassis with a disk receiving section that is configured to receive an optical disk media and that extends beyond the outer boundary of an electronics section of the inner chassis of an ODD that contains electronic components so as to form a cut-out section that defines the internal cavity between the inner ODD chassis and the inside of an outer ODD enclosure when these components are assembled together.