Emulex Expects Quarterly Loss of $14 Million : Finance: Computer products maker will take one-time charge in connection with corporate restructuring. Costs include spin-off of Q-Logic subsidiary.

COSTA MESA —  Emulex Corp., a manufacturer of computer products, blamed a corporate restructuring--including the dismissal of 10% of its work force--for an anticipated second-quarter loss of $14 million to $16 million.

In Tuesday’s announcement, the company for the first time put a price tag on restructuring efforts it announced in October.

“This is not really earth-shattering news,” said company spokesman Chuck McBride. “We knew this was coming.”

The company said the non-recurring write-off resulted from several circumstances.

First, McBride said, the company is in the process of spinning off its Q-Logic circuit board subsidiary, a process costing millions of dollars in accounting, legal and banking fees. When the spin-off is completed in late January or early February, Emulex shareholders will own stock in both companies.

Secondly, the company said lower sales in the computer industry have forced a restructuring plan that meant eliminating about 50 jobs in Orange County, Puerto Rico and Italy.

The Italian facility was recently closed and the Puerto Rican plants were consolidated from three to two sites. The company also has offices in France, the United Kingdom and the Netherlands.

The company expects to lose as much as $16 million for the quarter ended Dec. 26, contrasted with profit of $2.2 million in the corresponding 1992 quarter. The company had profit of $3.5 million on revenue of $107.2 million for the fiscal year ended in June.

Emulex stock, traded on the Nasdaq market, closed Tuesday at $6.25 a share, up 12.5 cents from Monday.