EXHIBIT 20.1

                Del Global Technologies Corp. Reaches Preliminary
                   Agreement to Settle Securities Class Action

July 26, 2001


VALHALLA, N.Y. -- Del Global Technologies Corp. (DGTC) announced today
that it has reached an agreement in principle to settle the
consolidated securities class action lawsuits pending against Del and
other named defendants in the U.S. District Court for the Southern
District of New York. Under the agreement, which must be approved by
the Court, Del will contribute to the settlement $2 million in the form
of a subordinated note due in five years with interest at 6% per annum,
2.5 million shares of Del common stock and warrants to purchase 1
million shares of Del's common stock exercisable at $2.00 per share,
expiring six (6) years from the date of execution. The warrants will be
callable by Del at $0.25 per warrant once Del's common stock trades at
$4 per share if not exercised. The plaintiffs will also receive a $2
million cash payment to which Del will not contribute. The class action
was initiated following the discovery in November 2000 of accounting
irregularities at Del.


"We are pleased to eliminate the uncertainty of the class action
lawsuits," said Samuel E. Park, Del's President. "This settlement
effectively brings closure to this most unfortunate event. The
preliminary agreement entails no cash contribution from the Company
today, and effectively quantifies and caps the Company's exposure from
this litigation."


The timing and manner of distribution of the settlement to members of
the class will be subject to a plan of distribution to be developed by
plaintiffs' counsel subject to approval by the Court. Lead plaintiffs'
counsel is Schoengold & Sporn, P.C., 19 Fulton Street, New York, NY
10038-2100, (212) 964-0046.


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, mammography 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 future 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 the outcome of litigation. 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.

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Contact:

Del Global Technologies Corp.
Samuel E. Park
President and Chief Executive Officer
Thomas V. Gilboy
Chief Financial Officer
Tel: 914/686-3600