Power-One Announces 2002 First Quarter Results.

Business Editors/High-Tech Writers

CAMARILLO, Calif.--(BUSINESS WIRE)--April 24, 2002

Power-One, Inc. (Nasdaq:PWER)

-- Q1 '02 net sales of $48.4 million, up 1% vs. $47.9 million in Q4' 01 -- Sequential quarterly improvement in bookings, billings and backlog -- Q1 '02 cash loss of $0.07 per basic share vs. cash loss of $0.06 per basic share in Q4 '01 -- Cash position improves to $86 million vs. $80 million at the end of Q4 `01 Power-One, Inc. (Nasdaq:PWER) today announced that net sales for the fiscal quarter ended March 31, 2002 were $48.4 million, compared with $169.9 million in the first quarter of 2001, a decrease of $121.5 million, or 71.5%. Net sales for the first quarter of 2002 increased sequentially ...

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