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Analog IC vendor delays annual report
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EE Times


SCOTTSDALE, Ariz. — High-voltage analog IC vendor Power Integrations said Monday (March 13) it would delay the filing of its fiscal 2005 financial report with the U.S. Securities and Exchange Commission so that it could complete an ongoing internal investigation.

According to Power Integrations (San Jose, Calif.), the internal investigation is focused on company practices related to stock-option grants to officers and directors, and related matters. A special committee of the company's board of directors is conducting the review, the company said.

Power Integrations said Tte investigation is in its early stages and no determination has been made as to whether it will result in any impact on the company's financial statements.






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