Exhibit 99.1





Linda Heller


Kristyn Moll

Senior Vice President, Finance and CFO


Avalon Investor Relations

(805) 987-8741


(512) 514-6046




Achieves Results within Guidance and Net Income of $0.02 per Share


Camarillo, CA, February 5, 2009

— Power-One, Inc. (NASDAQ: PWER) (the “Company”), a leading provider of power conversion and power management solutions, today announced that for the fourth quarter ended December 28, 2008, net sales were $130.4 million, a decrease of 1.5% from $132.3 million in the fourth quarter of 2007.  Net income was $0.02 per share, which included a gain of $3.9 million, or $0.04 per share, from the repurchase of $10 million of outstanding convertible debt during the quarter, compared to a net loss of $0.07 per share for the same period last year.  For full-year 2008, sales increased by 5.1% to $537.5 million, and net loss was $17.5 million or $0.20 per share compared with sales of $511.6 million and net loss of $36.4 million, or $0.42 per share for full-year 2007.


Revenue for the quarter was negatively affected by the difficult market environment and approximately $4.8 million related to the appreciation of the U.S. dollar against European currencies. Bookings of $104.6 million in the fourth quarter of 2008 decreased 15% from bookings of $122.7 million in the fourth quarter of 2007.  The Company ended the fourth quarter of 2008 with approximately $69 million in 90-day backlog, compared to  approximately $76 million for the same period last year.


Gross margin improved to 22.0% in the fourth quarter of 2008 compared with 21.1% in the fourth quarter of 2007, as a result of continued efforts to improve operating efficiencies.  Operating expenses decreased to 21.7% of net sales compared with  23.3% of net sales for the fourth quarter of 2007.


The Company continues to implement aggressive cost reduction actions in response to ongoing demand uncertainty.  As a result, the Company will reduce its global headcount by approximately 1,000, or 22% of the workforce, and will incur charges of approximately $1.3 million related to severance.  The Company expects to recoup the cash severance payments from related salary and benefits savings within three months of being incurred and will realize the substantial majority of the run rate benefit in the second quarter of 2009.



The following information was filed by Power One Inc on Thursday, February 5, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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