SANTA ANA, Calif., Jan. 12, 2001 (PRIMEZONE) -- Donner Corp. International, a broker/dealer specializing in investment banking, headquartered in Santa Ana, Calif., today reiterated its Buy Recommendation on Digital Power Corporation (AMEX:DPW), Fremont, California. Digital Power has nearly 20 years experience in the power conversion business, designing, developing, manufacturing and marketing switching power supplies for the computer, telecommunications, office automation, medical and industrial markets.
Donner said it reiterated its Buy Recommendation based on recent positive news from Digital Power.
-- Revenues increased 14 percent to $13.6 million for the nine months ended September 30, 2000, and net income totaled $221,275 for the same period in the year 2000 compared to $2,288 for the same period last year.
-- The Company's wholly-owned subsidiary in the United Kingdom has been awarded a contract worth at least $500,000 for control and monitoring equipment for the British Royal Navy's new "Astute" class of nuclear submarine's main switchboards. This will lead to further business from the Royal Navy, Digital Power said.
-- Digital Power's eP300 open-frame switcher was named one of the "best of the best" products of the year by EE Product News, the prestigious publication for the electrical products industry.
"We continue to believe that Digital Power Corporation is highly undervalued in comparison to a major competitor, Power-One, Inc. (Nasdaq:PWER), which presently is trading at 41 5/8 after a recent stock split," Donner said.
Copies of the report on Digital Power are available from Donner Corp. at www.donnercorp.com.
Donner Corp. International is a member of the National Association of Securities Dealers, CRD number 37702. Any information or opinion provided in this report/release does not solicit or make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities herein. DCI and its affiliates may trade for their own accounts in any securities of the issuer or in related securities. DCI or its affiliates, directors, officers and employees, may have a long or short position in securities of the issuer or related investments. DCI or its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report/release. This research report/release has been prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objective, financial situation and the particular need of any specific person who may receive this report/release. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report/release and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall substantially. Accordingly, investors may receive less than originally invested. Past performance is not indicative of future performance. Copyright 2000 DCI. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that DCI was recently compensated by Digital Power Corporation in the form of a $2,500 initial retainer fee and DCI receives $2,000 per month for services provided. DCI will also receive $3.00 for each prospective investor name delivered to DPW and $12,000 for the DCI database, which includes accredited investors and stock brokers. DCI will also receive 5,000 shares of DPW stock. Finally, there will be a negotiable fee for merger, acquisition, institutional transactions, and other business relationships entered between DPW and companies introduced by DCI: the fee for any and all transactions involving this provision will be negotiated prior to such introduction.