Summary of INFOCUS CORP - Yahoo! Finance

Costs Associated with Exit or Disposal Activities, Other Events, Financial Statement

ITEM 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES

On December 9, 2008 the Board of Directors of InFocus Corporation, an Oregon corporation (the "Company"), committed to a cost reduction plan. These actions will be taken in response to the global economic slowdown to reduce operating expenses and increase the Company's operating efficiency.

The plan includes a reduction of the Company's worldwide headcount by approximately 30% over the course of 2009, and further consolidation of the Company's leased facilities.

The Company currently expects to incur a charge of approximately $1.3 million to $1.6 million in the fourth quarter of 2008 as the result of the headcount reduction. This charge, which consists primarily of severance payments, will result in cash outflows of approximately $1.3 million to $1.6 million during the fourth quarter of 2008 and over the course of 2009.

The charge associated with facilities consolidation is estimated to be approximately $4.0 million to $4.5 million and consists primarily of costs associated with continued rent obligations under vacated excess leased facility space, primarily located at the Company's headquarters in Wilsonville. The charges will be incurred in the fourth quarter of 2008 and the first half of 2009 as the space is vacated, and will result in cash outflows over the remaining life of the leases through 2011.

The Company expects events related to this restructuring plan to be substantially complete by the end of 2009.

The press release announcing the Company's restructuring plan is furnished with this current report as exhibit 99.1.

ITEM 8.01 OTHER EVENTS

On December 10, 2008 the Company issued a press release announcing the engagement of Thomas Weisel Partners LLC to provide strategic advisory services, including advice related to unsolicited offers recently received by the Company. A copy of the press release is furnished with this current report as Exhibit 99.2.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

The following exhibits are furnished herewith and this list is intended to constitute the exhibit index:

     Exhibit No.   Title
     99.1          InFocus Corporation Press Release dated December 15, 2008.

     99.2          InFocus Corporation Press Release dated December 10, 2008.