8-K

                    SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C. 20549


                                FORM 8-K


                             CURRENT REPORT
                 PURSUANT TO SECTION 13 OR 15(d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934


                     Date of Report: January 23, 2003
                     --------------------------------


                       DEL GLOBAL TECHNOLOGIES CORP.
                       -----------------------------
          (Exact Name of Registrant as Specified in its Charter)


                                 1-10512
                                 -------
                         (Commission File Number)

                               13-1784308
                               ----------
                   (IRS Employer Identification Number)


                                New York
                                --------
                        (State of Incorporation)


                 1 Commerce Park, Valhalla, New York 10595
                 -----------------------------------------
                  (Address of Principal Executive Offices)


                               914-686-3600
                               ------------
             (Registrant's Telephone Number, including area code)


                              NOT APPLICABLE
                              --------------
         (Former Name or Former Address, if Changed Since Last Report)



Item 5. OTHER EVENTS
        ------------

The Registrant, a New York corporation ("Del"), issued a press release dated
January 21, 2003 announcing that it has received relief from the SEC for filing
selected financial data for Fiscal years 1999 and 1998 in its securities
filings.


Item 7(c). EXHIBITS
           --------

             99.1    Press Release issued January, 21 2003.








SIGNATURES
- ----------



          Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.




                                          DEL GLOBAL TECHNOLIGIES CORP.


                                          /s/ Thomas V. Gilboy
                                          --------------------
                                          Thomas V. Gilboy,
Dated: January 23, 2003                   Chief Financial Officer

EX-99

                                                               EXHIBIT 99.1

                         FOR IMMEDIATE RELEASE

              DEL GLOBAL TECHNOLOGIES RECEIVES RELIEF FROM SEC
                     RELATING TO SELECTED FINANCIAL DATA

    RECEIPT OF RELIEF ALLOWS DEL TO COMMENCE OTHER CORPORATE INITIATIVES

VALHALLA, NY - January 21, 2003 -- Del Global Technologies Corp. (DGTC) ("Del"
or "the Company") today announced that it has received relief from the SEC for
filing selected financial data for Fiscal years 1999 and 1998 in its securities
filings. Accordingly, Del has amended the certifications of President & Chief
Executive Officer Samuel E. Park and Chief Financial Officer Thomas V. Gilboy
that were included as part of the Del's Fiscal 2002 Form 10-K, which was filed
on November 14, 2002.

As previously announced, only three years of Selected Financial Data were
included in Del's Fiscal 2002 Form 10-K instead of the required five years. The
Company determined it could not prepare reliable Statements of Operations for
Fiscal years 1999 and 1998 consistent with Generally Accepted Accounting
Principles due to a turnover in personnel and the absence of records necessary
to recreate the financial statements for those years.

Mr. Gilboy commented, "The receipt of this relief from the SEC is an important
development for Del. We appreciate the thorough and professional manner in which
the SEC reviewed this issue, and we are cautiously optimistic that this
development will enable us to move forward with a number of initiatives to
provide our shareholders with better liquidity."

As a result of the receipt of this relief, the Company expects to shortly file a
Form S-1 Registration Statement with the SEC covering the issuance of one
million shares underlying the warrants issued by Del as part of the previously
disclosed settlement of the shareholder class action lawsuit.

As a matter of practice, the SEC must review this Registration Statement prior
to declaring it effective. During this period of review, the SEC may respond to
Del with questions and comments, which Del must address to the satisfaction of
the SEC. There can be no assurances that the SEC will declare effective the
Registration Statement that Del contemplates filing, or to the timing of any
such action. Should the SEC declare effective this Registration Statement,
shareholders would be able to exercise the warrants issued as part of the
shareholder litigation settlement and purchase Del Common Stock at a price of $2
per share. These warrants are also callable by the Company at a price of $0.25
per warrant, if the Common Stock trades at or above $4 per share for ten (10)
consecutive days.




The Company expects that the receipt of this relief from the SEC will facilitate
its being able to apply successfully for a listing on a national stock exchange.
Management has commenced preliminary discussions with appropriate listing
authorities. In addition, the Company also announced that it is finalizing plans
to hold a Meeting of Shareholders in the near future. Shareholders will receive
additional information regarding this subject once the details are finalized.

Mr. Park added, "We are pleased to be moving forward on these important issues.
However, it should be noted that the timing of these issues, particularly
re-listing on a national exchange, is subject to numerous factors, including:
(1) finalizing Del's agreement in principle with the SEC to resolve their
investigation into financial statements filed by Del's previous management; and
(2) Del's ability to meet all appropriate listing requirements. We are working
diligently to address these issues."

Del Global Technologies Corp. is primarily engaged in the design, manufacture
and marketing of cost-effective medical imaging and diagnostic systems
consisting of stationary and portable x-ray systems, radiographic/fluoroscopic
systems, dental imaging systems and proprietary high-voltage power conversion
subsystems for medical and other critical industrial applications. Industrial
applications for which Del supplies power subsystems include airport explosives
detection, analytical instrumentation, semiconductor capital equipment and
energy exploration.

Statements about expected future developments and results made in this release
may constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are based on current
expectations and the current economic environment. The Company cautions that
these statements are not guarantees of future performance. They involve a number
of risks and uncertainties that are difficult to predict including, but not
limited to, the ability of the Company to file a Registration Statement with the
SEC and to have such Registration statement declared effective, meet all
requirements to list on a national stock exchange, finalize the agreement in
principle with the SEC regarding their investigation, implement its business
plan, management changes, changing industry and competitive conditions,
obtaining anticipated operating efficiencies, securing necessary capital
facilities, favorable determinations in various legal and regulatory matters and
favorable general economic conditions. Actual results could differ materially
from those expressed or implied in the forward-looking statements. Important
assumptions and other important factors that could cause actual results to
differ materially from those in the forward-looking statements are specified in
the Company's filings with the Securities and Exchange Commission.

CONTACT:                                        INVESTOR RELATIONS:
Del Global Technologies Corp.                   The Equity Group Inc.
Samuel E. Park, President & Chief Executive     Devisn Sullivan (212) 386-9608
Officer                                         Adam Prior      (212) 836-9606
Thomas V. Gilboy, Chief Financial Officer
(914) 686-3600