May 14, 2010 (FinancialWire) — Power Integrations, Inc. (NASDAQ: POWI) said it has terminated the employment of its chief financial officer, Bill Roeschlein, but that the termination was not prompted by any regulatory issues and is not related to the company's financial statements or other reporting obligations.

The company also reaffirmed its financial projections for the second quarter of 2010. Balu Balakrishnan, the company's president and CEO, will be acting as chief financial officer on an interim basis while a successor is sought.

Power Integrations is a supplier of high-voltage analog integrated circuits used in energy-efficient power conversion.

Real-time streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[frlylrf] [clvloy] [tchnlgy] [btnwswntb] [chngmdmgn] [hdlnldh] [chngmdmgn] [dntfrsrft] [ncldlcn] [nrgygrn] [bsnnssb] [restrctrng]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.