SAN JOSE, Calif., Feb. 1, 2007 (PRIME NEWSWIRE) -- Power Integrations (Pink Sheets:POWI), the leader in high-voltage analog integrated circuits for power conversion, today announced that it will hold a conference call to discuss its fourth-quarter 2006 financial results with members of the investment community on February 15, 2007 at 1:45 pm Pacific time.
Members of the investment community can access the conference call by dialing 800-374-0113 from within the United States, or 706-758-9607 from outside the U.S. A telephonic replay will be available for one week following the conclusion of the call by dialing 800-642-1687 (U.S.) or 706-645-9291 (outside the U.S.) The replay access code is 6019321. A live and archived webcast of the call will be available from the "investor info" page of the company's website, www.powerint.com.
As previously announced, Power Integrations is in the process of restating its historical financial statements, primarily to reflect revisions to the measurement dates of certain past stock-option grants. The company has submitted the restatement-related portions of its 2005 Annual Report on Form 10-K to the Securities and Exchange Commission for pre-clearance, and expects to file this Annual Report shortly after completing the pre-clearance procedure, which could occur at any time. The company intends to file its Quarterly Reports on Form 10-Q for the first three quarters of 2006 as soon as practicable after filing its 2005 Annual Report.
About Power Integrations
Power Integrations, Inc. is the leader in high-voltage analog integrated circuits for power conversion. The company's breakthrough technology enables compact, energy-efficient power supplies in a wide range of AC-DC and DC-DC applications. The company's EcoSmart(r) energy-efficiency technology, which dramatically reduces energy waste, has saved consumers and businesses around the world more than an estimated $2 billion on their electricity bills since its introduction in 1998. For more information, visit the Power Integrations website at www.powerint.com.
Note Regarding Forward-Looking Statements
The statements in this press release relating to the company's expectations regarding the timing of filing of its 2005 Annual Report on Form 10-K and 2006 Quarterly Reports on Form 10-Q are forward-looking statements reflecting management's current expectations, and are subject to risks and uncertainties. These risks and uncertainties include, but are not limited to, the possibility that unexpected events or circumstances may occur that may cause the company to revise its current intended accounting for the grants of the stock options, or the intended disclosure regarding such grants, that delay the ability of the company to file these reports. The company is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.