VLSI Technology Inc says it expects to take restructuring charges in the range of $19m to $24m against its fourth quarter figures, leading to substantial losses for the quarter and the year: the restructuring is not expected to include lay-offs from the 2,300 strong workforce, and should yield modest improvements in operating results this year and next; the restructuring charge includes the de-emphasis of older technologies that do not contribute to the company’s strategic direction; a streamlining of sales distribution channels; relocation of some offices to more cost-efficient premises; and writedowns of non-performing assets; an intellectual property charge covers both the cost of ongoing patent litigation and its possible settlement.
