To improve its portfolio, Juniper is also ending development of the application delivery controller technology licensed in July 2012. This will result in an impairment charge of USD 85 million in Q1, but will have no impact on revenues. In addition, the company expects to record other non-cash asset write-downs of approximately USD 10 million in the first quarter.
Additional actions and restructuring charges are expected to be taken in the second quarter and the balance of fiscal 2014, including facilities consolidations, marketing program reductions, and other asset restructures. This will result in the future disposal of around 300,000 square feet of leased facilities, representing 12 percent of Juniper's global facilities square footage. The cost of consolidating facilities is expected to be USD 70 million over the full year. Additional restructuring charges of around USD 20 million are expected later in fiscal 2014.
More details on the IOP will be provided 22 April when the company reports quarterly results.
