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Business Description
International Rectifier Corporation (IR) is a designer, manufacturer and marketer of power management products and a worldwide supplier of a type of power semiconductor called a MOSFET (a metal oxide semiconductor field effect transistor). Power semiconductors process electricity into a form more usable by electrical products. The technology advancements of power semiconductors increase system efficiency, allow more compact end products, improve features and functionality and extend battery life. The Company's products are used in a range of end markets, including information technology, automotive, consumer electronics, aerospace/defense and industrial. IR's products are divided among three broad product categories: Analog Integrated Circuits and Advanced Circuit Devices, Power Systems and Power Components.

Financial Information
For the 13 weeks ended 30 September 2004, revenues rose 33% to $312.2 million. Net income totaled $37.6 million, up from 16.7 million. Revenues reflect growth of proprietary products and further improvements in the semiconductor industry. Net income reflects improved gross margins and higher other income.