SAN JOSE, Calif., Nov. 5, 2007 (PRIME NEWSWIRE) -- Power Integrations (Nasdaq:POWI) today announced that the staff of the Securities and Exchange Commission (SEC) has formally notified the company that the SEC investigation related to Power Integrations' historical stock option practices has been terminated. No enforcement action has been recommended.
About Power Integrations
Power Integrations, Inc. is the leading supplier of high-voltage analog integrated circuits used in power conversion. The company's breakthrough integrated-circuit technology enables compact, energy-efficient power supplies in a wide range of electronic products, in both AC-DC and DC-DC applications. The company's EcoSmart energy-efficiency technology, which dramatically reduces energy waste, has saved consumers and businesses around the world more than an estimated $2.5 billion on their electricity bills since its introduction in 1998. For more information, visit the company's website at www.powerint.com.