International Rectifier (IR) (Symbol:IRF--NYSE) provides enabling technologies for products that work smarter, run cooler, and raise the world's productivity-per-watt. The world's largest industry is electronics, and over the long term, global demand for power electronics makes IR's role more important and our contribution more valuable. IR is powering the next generation of servers and computers, cars, satellites, and home appliances. We set performance and architecture standards for power electronics across a broad spectrum, and we're lengthening our competitive lead: * IR technology makes variable-speed operation practical and affordable for everything from conveyor belts to washing machines. * We allow laptop computers to run longer. * We're raising the bar for vehicle performance and fuel economy with electronic steering and a host of other advances. IR is building on a broad platform of competitive advantages: * We pioneered and hold key patents on technology that created the $3 billion power MOSFET industry. * We focus completely on power chips and subsystems, and we create proprietary products that add more value to our customers' end products. * Our high-volume dedicated fab sets the benchmark for cost in our industry. * We invest aggressively in R&D, and we're generating a flow of highly-differentiated products targeted to high-growth applications. * IR has the products, capacity, and cost structure to grow and build shareholder value. International Rectifier is delivering enabling power technology to a host of industries including automotive, consumer, computer/peripheral, industrial, lighting, telecom and government/space. Today, we're the only company in the world to design and manufacture solutions addressing the entire power conversion process that transforms crude electricity into clean, usable power. These include: * Input Devices such as diodes, rectifiers and thyristors that convert raw AC line power to appropriate DC levels; * Control Devices such as switching controllers, linear regulators, MOS Gate Drivers and intelligent power switches to regulate the power conversion process; * Switching Devices such as power MOSFETs, IGBTs and thyristors that are used to turn electrical loads on and off; and * Output Devices such as Schottky and fast recovery diodes for regulating the flow of electrical energy into equipment with ratings from a few to several hundred amperes; * Distribution Devices such as MOSFETs and Microelectronic Relays that distribute electrical energy to the load or electrical appliances of the world; * Integrated Solutions such as analog ICs, advanced circuit devices, and power systems that optimize overall circuit and end product performance, providing more value in target applications.