CalComp Technology Increases 4th-Quarter Charges to $21 Million

CalComp Technology Inc. said it will take an additional fourth-quarter restructuring charge of $14 million, bringing its fourth-quarter charges to $21 million, or 46 cents a share.

The company, which supplies computer graphics peripheral products, said the revised charge provides for a write-down of its headquarters facility and accounts for severance costs associated with the elimination of an additional 50 positions worldwide. In November, the company said it would eliminate certain facilities and reduce its work force by 235 positions worldwide.

CalComp also said that its majority shareholder, Lockheed Martin Corp., has agreed to increase the Anaheim company’s credit line to $73 million from $33 million.