SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                    FORM 10-Q


                 QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934




For Quarter Ended                October 31, 1998   
Commission File Number               0-3319           

                          DEL GLOBAL TECHNOLOGIES CORP.
                          -----------------------------
             (Exact name of registrant as specified in its charter)


         New York                                            13-1784308        
         --------                                            ----------        
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification No.)

                      One Commerce Park, Valhalla, NY 10595
                      -------------------------------------
                    (Address of principal executive offices)
                                   (Zip Code)

                                 (914) 686-3600
                                 --------------
               (Registrant's telephone number including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

Yes   X                No       

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the close of the business on December 8, 1998.



                            Common Stock - 7,621,214


<PAGE>
                                     PART I


Item 1.  Financial Statements

              Consolidated Balance Sheets - October 31, 1998 and August 1, 1998

              Consolidated  Statements  of  Income  for the Three  Months  ended
              October 31, 1998 and November 1, 1997

              Consolidated  Statements  of Cash Flows for the Three Months ended
              October 31, 1998 and November 1, 1997

              Notes to Consolidated Financial Statements

                                       -1-

<PAGE>



                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

                                     ASSETS
                                                       October 31,    August  1,
                                                          1998          1998
                                                       -----------   -----------

CURRENT ASSETS
        Cash and cash equivalents                     $ 1,957,560   $ 3,401,697
        Investments available-for-sale                    986,151       913,125
        Trade receivables - net                        15,211,469    14,341,744
        Cost and estimated earnings
             in excess of billings on
             uncompleted contracts                      4,214,898     3,306,673
        Inventory                                      31,268,248    29,195,262
        Prepaid expenses and other
             current assets                             1,876,092     1,358,847
                                                      -----------   -----------
             Total current assets                      55,514,418    52,517,348
                                                      -----------   -----------

FIXED ASSETS - Net                                     13,018,356    12,739,509
INTANGIBLES - Net                                         898,556       941,443
GOODWILL - Net                                          4,748,140     4,809,255
DEFERRED CHARGES                                          355,874       387,044
OTHER ASSETS                                              968,444       962,028
                                                      -----------   -----------
        TOTAL                                         $75,503,788   $72,356,627
                                                      ===========   ===========

                      LIABILITIES AND SHAREHOLDERS' EQUITY


CURRENT LIABILITIES
         Current portion of long-term debt            $   117,706   $   120,410
         Accounts payable - trade                       6,574,396     5,403,403
         Accrued liabilities                            4,085,080     3,938,623
         Deferred compensation liability                  982,948       913,046
         Income taxes                                     773,330       394,540
                                                      -----------   -----------
              Total current liabilities                12,533,460    10,770,022
                                                      -----------   -----------

LONG-TERM LIABILITIES
         LONG-TERM DEBT (less current
             portion included above)                      741,714       240,273
         OTHER                                            459,760       484,366
         DEFERRED INCOME TAXES                          1,500,292     1,406,162
                                                      -----------   -----------
              Total liabilities                        15,235,226    12,900,823
                                                      -----------   -----------

SHAREHOLDERS' EQUITY
         Common stock, $.10 par value;
              Authorized 20,000,000
              shares; Issued and
              outstanding - 8,001,217
              shares at October 31, 1998
              and 7,988,993 shares at
              August 1, 1998                              800,121       798,898
         Additional paid-in capital                    49,189,309    49,124,456
         Retained earnings                             13,789,992    12,360,906
                                                      -----------   -----------
                                                       63,779,422    62,284,260
         Less common stock in treasury -
              388,846 shares at October 31, 1998
              and 299,746 at August 1, 1998             3,510,860     2,828,456
                                                      -----------   -----------
              Total shareholders' equity               60,268,562    59,455,804
                                                      -----------   -----------
         TOTAL                                        $75,503,788   $72,356,627
                                                      ===========   ===========

   See notes to consolidated financial statements

                                       -2-

<PAGE>



                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF INCOME

                                   (Unaudited)




                                                        Three Months Ended 
                                                  ------------------------------
                                                  October 31,       November 1,
                                                      1998             1997     
                                                  ------------     -------------


NET SALES                                         $ 14,809,666     $ 13,480,069
                                                  ------------     ------------
COSTS AND EXPENSES:
     Cost of sales                                   8,679,168        8,047,545
     Research and development                        1,431,314        1,235,889
     Selling, general and administrative             2,621,162        2,402,399
     Interest expense (income) - net                     6,881          (54,275)
                                                  ------------     ------------
                                                    12,738,525       11,631,558
INCOME BEFORE PROVISION
     FOR INCOME TAXES                                2,071,141        1,848,511
PROVISION FOR INCOME TAXES                             642,054          591,524
                                                  ------------     ------------
NET INCOME                                        $  1,429,087     $  1.256,987
                                                  ============     ============

NET INCOME PER COMMON SHARE AND
     COMMON SHARE EQUIVALENTS:

     BASIC                                        $        .19     $        .17
                                                  ============     ============
     DILUTED                                      $        .18     $        .15
                                                  ============     ============



 Weighted number of common
      shares outstanding                             7,648,413        7,439,410
                                                  ============     ============
 Weighted number of common
      shares outstanding and
      common share equivalents                       8,142,557        8,171,999
                                                  ============     ============

      



See notes to consolidated financial statements

                                       -3-

<PAGE>



                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)

                                                         Three Months Ended     
                                                     --------------------------
                                                     October 31,    November 1,
                                                        1998           1997
                                                     -----------    -----------
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net Income                                        $ 1,429,087    $ 1,256,987
   Adjustments to reconcile net income
     to net cash provided by operating
     activities:
        Imputed interest                                  10,974         16,570
        Depreciation                                     413,419        320,596
        Amortization                                     157,944        132,931
        Deferred income tax provision                     94,745         62,363
        Tax benefit from exercise of
          stock options and warrants                      18,019        159,964
        Amortization of stock based
          compensation                                     5,508         74,931
     Changes in assets and liabilities:
        Increase in trade receivables                   (869,725)      (902,327)
        Increase in cost and estimated
          earnings in excess of billings
          on uncompleted contracts                      (908,225)      (415,257)
        Increase in inventory                         (2,072,986)      (527,840)
        Increase in prepaid and other
          current assets                                (539,657)       (69,493)
        Increase in other assets                          (6,776)        (4,038)
        Increase in accounts payable - trade           1,170,993        631,514
        Increase (decrease) in accrued
          liabilities                                    145,842        (56,819)
        Increase in deferred compensation
          liability                                       69,902         61,861
        Increase (decrease) in income taxes
          payable                                        378,790        (20,475)
                                                     -----------    -----------
      Net cash (used in) provided by operating
          activities                                    (502,146)       721,468
                                                     -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
        Expenditures for fixed assets                   (692,266)      (614,333)
        Investment in marketable securities              (73,026)      (236,891)
        Payments to former shareholders of
          subsidiary acquired                            (29,796)       (24,137)
                                                     -----------    -----------
      Net cash used in investing activities             (795,088)      (875,361)
                                                     -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
        Net proceeds from (repayment of)
          bank borrowing                                 498,737        (35,219)
        Payment for repurchase of shares                (682,404)       (72,097)
        Proceeds from exercise of stock
          options and warrants                            42,548        638,548
        Other                                             (5,784)        (3,213)
                                                     -----------    -----------
      Net cash (used in) provided by financing
        activities                                      (146,903)       528,019
                                                     -----------    -----------

                                                                     (Continued)
See notes to consolidated financial statements





                                       -4-

<PAGE>



                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)


                                                         Three Months Ended 
                                                     --------------------------
                                                      October 31,   November 1,
                                                         1998          1997
                                                     -----------    -----------
NET (DECREASE) INCREASE IN CASH AND CASH
   EQUIVALENTS                                       $(1,444,137)   $   374,126
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD         3,401,697      6,070,608
                                                     -----------    -----------
CASH AND CASH EQUIVALENTS, END OF PERIOD             $ 1,957,560    $ 6,444,734
                                                     ===========    ===========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
   INFORMATION:

   Interest paid                                     $    33,724    $    18,005
                                                     ===========    ===========
   Income taxes paid                                 $   150,500    $   389,672
                                                     ===========    ===========






See notes to consolidated financial statements



                                       -5-

<PAGE>
                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                   (Unaudited)



NOTE 1         In  the opinion  of the Company's  management,  the  accompanying
               unaudited   consolidated   financial   statements   contain   all
               adjustments  (consisting  of only normal  recurring  adjustments)
               necessary  to  present   fairly  the  results  of  the  Company's
               financial  position as of October 31, 1998 and the results of its
               operations  and its cash flows for the three months ended October
               31, 1998 and November 1, 1997.

               The accounting  policies followed by the Company are set forth in
               Note 1 to the  Company's  financial  statements  as of  August 1,
               1998.

               The  consolidated   financial   statements   should  be  read  in
               conjunction  with the  notes to the  financial  statements  as of
               August 1, 1998.

               Certain  reclassifications  have been made in the prior  period's
               financial  statements  to  correspond  to  the  current  period's
               presentation.

NOTE 2         The  results  of  operations  for  the  three  month period ended
               October 31, 1998 are not necessarily indicative of the results to
               be expected for the full year.

NOTE 3         INVESTMENTS

               Investments  available-for-sale at October 31, 1998 and August 1,
               1998  include  $982,948  and  $913,046,   respectively,  for  the
               Company's  President's  deferred  compensation,  pursuant  to the
               terms of his employment contract.  At October 31, 1998 and August
               1, 1998 $59,960 and $24,841,  respectively,  were  classified  as
               cash and $922,988 and  $888,205,  respectively,  were recorded as
               investments.   The   liabilities   of  $982,948   and   $913,046,
               respectively,  are recorded as deferred  compensation  liability.
               Gains and  losses on the  investments  held to fund the  deferred
               compensation,  either  recognized  or  unrealized,  inure  to the
               benefit or detriment of the  President's  deferred  compensation,
               based upon a  contractual  arrangement  between the President and
               the  Company.  At October 31,  1998,  the balance of  investments
               available-for-sale  of $63,163 are equity  securities held by the
               Company for its own account.  Realized and  unrealized  gains and
               losses on these  securities for the period ended October 31, 1998
               were not material and are recorded in the financial statements.


NOTE 4         PERCENTAGE OF COMPLETION ACCOUNTING

                                                                    Three Months
                                                                       Ended
                                          October 31,    August 1,   October 31,
                                             1998          1998         1998    
                                          -----------  -----------  -----------
               Costs incurred on
                 uncompleted contracts    $ 8,841,407  $ 6,804,554  $ 2,036,853

               Estimated earnings           5,470,390    4,178,103    1,292,287
                                          -----------  -----------  -----------
                                           14,311,797   10,982,657    3,329,140

               Less billings to date       10,096,899    7,675,984    2,420,915
                                          -----------  -----------  -----------

               Costs and estimated
                 earnings in excess of
                 billings on uncompleted
                 contracts                $ 4,214,898  $ 3,306,673  $   908,225
                                          ===========  ===========  ===========

               The backlog of unshipped  contracts being accounted for under the
               percentage of completion  method of accounting was  approximately
               $4.9 million at October 31, 1998.




                                       -6-

<PAGE>



NOTE 5         INVENTORY

               Inventory is stated at the lower of cost (first-in, first-out) or
               market.

               Inventories  and their effect on cost of sales are  determined by
               physical count for annual reporting purposes and are estimated by
               management for interim reporting purposes.
 
               Inventory consists of the following:                     

                                                       October 31,    August 1,
                                                          1998          1998
                                                       -----------  -----------

               Finished goods                          $ 5,192,841  $ 4,848,572
               Work-in-process                          12,138,693   11,333,936
               Raw material and purchased parts         13,936,714   13,012,754
                                                       -----------  -----------
               Total                                   $31,268,248  $29,195,262
                                                       ===========  ===========


NOTE 6         FIXED ASSETS

               Fixed assets consist of the following:

                                                       October 31,   August 1,
                                                          1998         1998
                                                       -----------  -----------

               Land                                    $   694,046  $   694,046
               Building                                  2,146,025    2,146,025
               Machinery and equipment                  11,862,160   11,370,262
               Furniture and fixtures                    1,512,569    1,484,310
               Leasehold improvements                    1,738,065    1,613,883
               EDP equipment                             1,939,199    1,891,272
               Transportation equipment                     30,103       30,103
                                                       -----------  -----------
                                                        19,922,167   19,229,901

               Less accumulated depreciation
                  and amortization                       6,903,811    6,490,392
                                                       -----------  -----------

               Net fixed assets                        $13,018,356  $12,739,509
                                                       ===========  ===========


NOTE 7         NET INCOME PER COMMON SHARE AND COMMON SHARE EQUIVALENTS

               During  the  year  ended  August  1,  1998  the  Company  adopted
               Statement  of  Financial  Accounting  Standard  "SFAS"  No.  128,
               "Earnings  Per Share." This  statement is effective for financial
               statements  issued for periods  ending  after  December 15, 1997.
               Basic and diluted  earnings per share have been  restated for the
               quarter  ended  November 1, 1997 to reflect the  adoption of SFAS
               No. 128.

NOTE 8         SUBSEQUENT EVENT

               In December 1998 the Company  acquired certain selected assets of
               Acoma  Medical  Imaging  Inc. for  approximately  $1.4 million in
               cash,  including expenses,  payable over a three year period. The
               acquired  assets   consisted  of  inventory,   fixed  assets  and
               technology.

NOTE 9         EFFECT OF NEW ACCOUNTING PRONOUNCEMENTS

               Reporting  Comprehensive  Income.  In June  1997,  the  Financial
               Accounting Standards Board "FASB" issued SFAS No. 130, "Reporting
               Comprehensive  Income."  This  statement is  effective  for years
               beginning  after December 15, 1997.  Management has evaluated the
               effect of this  statement  on its  financial  reporting  from the
               adoption  of  this  statement  and  has  found  that  no  further
               disclosures are needed.

               Disclosures   About   Segments  of  an  Enterprise   and  Related
               Information.  In  June  1997,  the  FASB  issued  SFAS  No.  131,
               "Disclosures   About   Segments  of  an  Enterprise  and  Related
               Information."  SFAS No. 131 requires the  reporting of profit and
               loss,   specific   revenue  and  expense  items  and  assets  for
               reportable segments. It also requires the reconciliation of total
               segment  revenues,  total segment profit and loss,  total segment
               assets  and  other  amounts   disclosed  for  segments,   to  the
               corresponding   amounts   in  the   general   purpose   financial
               statements.   This   statement  is  effective  for  fiscal  years
               commencing after December 15,

                                       -7-

<PAGE>
               1997.  The  Company  has  not  yet  determined   what  additional
               disclosures  may be required in connection with adopting SFAS No.
               131.

               Disclosures about Pensions and Other Postretirement  Benefits. In
               February  1998,   the  FASB  issued  SFAS  No.  132,   "Employers
               Disclosures  about Pensions and Other  Postretirement  Benefits."
               This statement revises employers'  disclosures about pensions and
               other postretirement benefit plans. SFAS No. 132 is effective for
               fiscal years beginning  after December 15, 1997.  Management does
               not anticipate that this statement will have a significant effect
               on the Company's consolidated financial statements.

               Disclosures about Derivative  Instruments and Hedging Activities.
               In June 1998,  the FASB  issued  SFAS No.  133,  "Accounting  for
               Derivative  Instruments  and  Hedging  Activities."  SFAS No. 133
               establishes  accounting  and reporting  standards for  derivative
               instruments and hedging activities. SFAS No. 133 is effective for
               all fiscal years  beginning  after December 15, 1999.  Management
               does not  anticipate  that this statement will have any effect on
               the Company's consolidated financial statements.


                                       -8-

<PAGE>



Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS

This  Management  Discussion and Analysis of Financial  Condition and Results of
Operations contains forward looking statements.  Such statements involve various
risks that may cause actual results to differ  materially.  These risks include,
but are not  limited to, the  ability of the  Company to grow  internally  or by
acquisition  and  to  integrate  acquired   businesses,   changing  industry  or
competitive   conditions,   and  other  risks   referred  to  in  the  Company's
registration  statements  and periodic  reports  filed with the  Securities  and
Exchange Commission.

OVERVIEW

                 The  Company's  net sales  have  increased  as a result of both
internal growth and acquisitions. The Company has completed four acquisitions in
the past five years:  Dynarad (a designer and  manufacturer  of medical  imaging
systems and critical  electronic  subsystems) in fiscal 1993; Bertan (a designer
and  manufacturer  of precision high voltage power supplies and  instrumentation
for  medical  and  industrial   applications)  in  fiscal  1994;  Gendex-Del  (a
manufacturer of medical imaging systems) in fiscal 1996 and X-Ray  Technologies,
Inc. ( a manufacturer of medical imaging  systems) in fiscal 1998. The Company's
net sales have  increased  from  approximately  $24.3  million in fiscal 1994 to
approximately  $62.3 million in fiscal 1998, a compounded  annual growth rate of
26.5%.

                 During the past five years the Company has grown internally and
through  acquisitions into a company whose  predominant  business is serving the
medical imaging and diagnostic markets.  The Company's net sales attributable to
medical imaging products have increased from approximately $9.4 million or 38.7%
of total net sales in fiscal 1994 to approximately $35.6 million or 65% of total
net sales and  approximately  $43.9  million or 71% of total net sales in fiscal
years 1997 and 1998, respectively.

                 Management  believes that recent cost containment trends in the
healthcare  industry have created  opportunities for its cost-effective  medical
imaging products in domestic and international markets. Some of these trends are
increased  demand for lower cost medical  equipment,  outsourcing of systems and
critical  electronic  subsystems  by leading  original  equipment  manufacturers
("OEMs"),  increased  demand for certain  diagnostic  procedures  and lower cost
medical services in the global marketplace.

RESULTS OF OPERATIONS

                 Net sales for the three  months  ended  October  31,  1998 were
approximately  $14.8 million as compared to approximately  $13.5 million for the
three months ended November 1, 1997, an increase of 9.9%. The increase is due to
internal growth from existing operations.

                 Cost of  sales,  as a  percentage  of net  sales  for the three
months  ended  October  31,  1998,  was  58.6%  compared  to 59.7% for the prior
corresponding  period.  This  improvement  in  margins  is due to the  change in
product mix in the period and operating efficiencies.

                 Research and development  expenses  increased to  approximately
$1.4 million for the three months ended October 31, 1998 from approximately $1.2
million for the three months ended  November 1, 1997, an increase of 15.8%.  The
increase was primarily due to new product development.  The Company continues to
invest in research and  development  in order to introduce new  state-of-the-art
products for its medical and industrial markets.

                 Selling, general and administrative expenses were approximately
$2.6 million, or 17.7% of net sales, for the three months ended October 31, 1998
as compared to approximately  $2.4 million,  or 17.8% of net sales, for the same
period in the prior year, a decrease of .1%.

                 Net  interest  expense was  approximately  $7,000 for the three
months ended  October 31, 1998 as compared to interest  income of  approximately
$54,000  for the  corresponding  period  in the  prior  year.  Interest  expense
resulted because imputed interest and bank commitment fees exceeded net interest
income for the quarter.

                 Income  tax  expense  was 31% of  pre-tax  income for the three
months ended  October 31, 1998 and 32% for the three  months  ended  November 1,
1997.  The decrease  from  statutory  rates is primarily due to sales being made
through the Company's  Foreign Sales  Corporation,  research and development and
other tax credits.

                 Net income increased to approximately  $1,429,000 for the three
months  ended  October  31,  1998,  an  increase  of  13.7%  from  approximately
$1,257,000 million for the prior corresponding period.  Basic earnings per share

                                       -9-

<PAGE>
at October 31, 1998 increased to $.19 from $.17 at November 1, 1997, an increase
of 11.8%.  Diluted earnings per share increased to $.18 at October 31, 1998 from
$.15 at  November  1, 1997,  an  increase  of 20%.  The number of common  shares
outstanding  increased  to  7,648,413  at October  31,  1998 from  7,439,410  at
November 1, 1997 and the number of common  shares and common  share  equivalents
decreased to  8,142,557 at October 31, 1998 from  8,171,999 at November 1, 1997.
The increase in net income for the three month period ended  October 31, 1998 is
primarily due to higher sales and improved gross margins.

                 The  backlog  of  unshipped  orders  at  October  31,  1998 was
approximately $38.9 million.

LIQUIDITY AND CAPITAL RESOURCES

                 The Company has funded its operations and acquisitions  through
a combination of cash flow from  operations,  bank borrowing and the issuance of
the Company's common stock.

                 Working  Capital.  At October 31, 1998 and August 1, 1998,  the
Company's  working  capital was  approximately  $43.0 million and $41.7 million,
respectively.  At such dates the Company had approximately $2.0 million and $3.4
million, respectively, in cash and cash equivalents.

                 Trade  receivables at October 31, 1998 increased  approximately
$870,000 as compared to August 1, 1998, primarily due to increased sales levels.

                 Cost  and   estimated   earnings   in  excess  of  billings  on
uncompleted  contracts  increased to  approximately  $4.2 million at October 31,
1998 from  approximately  $3.3 million at August 1, 1998 due to additional  work
performed  in the  quarter  on long  term  contracts  accounted  for  under  the
percentage of completion method of accounting.

                 Inventory  at October 31,  1998  increased  approximately  $2.1
million  as  compared  to  August  1,  1998,  primarily  because  of  additional
production  requirements  of a major new OEM  contract  which  increased  in the
quarter at Gendex-Del Medical Imaging Corp.

                 Prepaid  expenses and other current  assets at October 31, 1998
increased  approximately $517,000 as compared to August 1, 1998 due to increases
in prepaid show expenses and prepaid expenses  related to increased  acquisition
activity.

                 Trade accounts payable increased  approximately $1.2 million at
October  31,  1998 from  August 1,  1998,  primarily  because  of the  increased
inventory requirements of a major new OEM contract.

                 Credit Facility and Borrowing. At October 31, 1998, the Company
had a $14.0 million revolving credit line and a $10.0 million acquisition credit
line. The available portion of the revolving credit line was approximately $13.3
million, after deducting outstanding letters of credit of approximately $148,000
and $9.5 million was available under its acquisition credit line.

                 Capital  Expenditures.  The  Company  continues  to  invest  in
capital  equipment,  principally for its manufacturing  operations,  in order to
improve its  manufacturing  capability  and  capacity.  The Company has expended
approximately  $692,000 for capital  equipment  for the three month period ended
October 31, 1998.

                 The Company anticipates that cash generated from operations and
amounts  available  under its bank  lending  facilities  will be  sufficient  to
satisfy its current operating cash needs.

                 Shareholders'   Equity.   Shareholders'   equity  increased  to
approximately $60.3 million at October 31, 1998 from approximately $59.5 million
at August 1, 1998,  primarily  due to the results of  operations.  Additionally,
during the period 12,224 stock options were exercised,  with proceeds of $42,449
and 89,100 shares of common stock were repurchased at a cost of $682,404.

                 Year 2000. The Company has initiated a company-wide program and
developed a formal plan to identify, evaluate and implement changes to products,
computer systems,  applications and  infrastructure  necessary to achieve a year
2000 date  conversion  with no effect on  customers  or  disruption  to business
operations.  These actions are necessary to ensure that all systems and business
applications will recognize and process the year 2000 and beyond.

                 The Company uses purchased  software  programs for a variety of
functions,  including drafting and design,  general accounting and manufacturing
applications. Currently,  all  of the Company's products and software for design

                                      -10-

<PAGE>
and drafting applications are fully compliant. The Company's systems for general
accounting and manufacturing have been evaluated and steps to achieve compliance
are being  implemented  and are expected to be fully compliant by July 31, 1999,
although  there can be no  assurance  that it will.  At this time,  the  Company
believes  that it does not have any internal  mission  critical year 2000 issues
that it cannot remedy.

                 As  part  of  the  year  2000  readiness  process,  significant
customers,  service  providers,  vendors and  suppliers  who are  believed to be
critical to business  operations  after January 1, 2000 have been identified and
steps  are  underway  in an  attempt  to  reasonably  ascertain  their  stage of
readiness.   The  Company  is   surveying   them   primarily   through   written
correspondence.  With  respect to mission  critical  third  parties  the Company
intends to create  contingency  plans to  mitigate  its  exposure  to such third
parties  that are not year 2000  compliant.  In the event any  mission  critical
third  parties do not  achieve  full  compliance,  the  Company  believes it has
sufficient  alternative  resources  upon which to rely.  Despite  its efforts to
ascertain the readiness of its customers,  suppliers and service providers,  the
Company  cannot be certain as to the actual year 2000  readiness  of these third
parties or the impact  their  non-compliance  may have on the  Company's  future
financial position, the results of its operations or its cash flows.

                 With respect to the Company's  internal  year 2000  compliance,
the Company  expects to incur  internal  staff costs,  as well as consulting and
other  expenses  and  believes  that the total costs to be incurred for all year
2000  compliance  related  projects  will  not  have a  material  effect  on the
Company's  future  financial  position,  results of its  operations  or its cash
flows.

                 The Company  expects to achieve full  compliance  no later than
September 30, 1999.

EFFECTS OF NEW ACCOUNTING PRONOUNCEMENTS

                 Reporting  Comprehensive  Income. In June 1997, the FASB issued
SFAS No. 130, "Reporting  Comprehensive Income." This statement is effective for
years beginning after December 15, 1997.  Management has evaluated the effect of
this  statement on its financial  reporting  from the adoption of this statement
and has found that no further disclosures are needed.

                 Disclosures   About  Segments  of  an  Enterprise  and  Related
Information.  In June 1997,  the FASB issued SFAS No.  131,  "Disclosures  About
Segments of an Enterprise  and Related  Information."  SFAS No. 131 requires the
reporting of profit and loss,  specific revenue and expense items and assets for
reportable  segments.  It also  requires  the  reconciliation  of total  segment
revenues,  total segment profit and loss, total segment assets and other amounts
disclosed  for segments,  to the  corresponding  amounts in the general  purpose
financial  statements.  This statement is effective for fiscal years  commencing
after  December 15, 1997.  The Company has not yet  determined  what  additional
disclosures may be required in connection with adopting SFAS No. 131.

                 Disclosures about Pensions and Other  Postretirement  Benefits.
In February 1998,  the FASB issued SFAS No. 132,  "Employers  Disclosures  about
Pensions and Other  Postretirement  Benefits." This statement revises employers'
disclosures about pensions and other postretirement  benefit plans. SFAS No. 132
is effective for fiscal years beginning after December 15, 1997. Management does
not  anticipate  that  this  statement  will  have a  significant  effect on the
Company's consolidated financial statements.

                 Disclosures   about   Derivative    Instruments   and   Hedging
Activities.  In June  1998,  the FASB  issued  SFAS  No.  133,  "Accounting  for
Derivative  Instruments  and  Hedging  Activities."  SFAS  No.  133  establishes
accounting  and  reporting  standards  for  derivative  instruments  and hedging
activities.  SFAS No. 133 is  effective  for all fiscal  years  beginning  after
December 15, 1999.  Management does not anticipate that this statement will have
any effect on the Company's consolidated financial statements.


Item 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

                 Not applicable.

                                      -11-

<PAGE>
                                     PART II

Item 1.        Legal Proceedings

                         None


Item 2.        Changes in Securities

                         None


Item 3.        Defaults on Senior Securities

                         None


Item 4.        Submission to a Vote of Security Holders

                         None


Item 5.        Other Information

               (a)       At the November 10, 1998 meeting of the Company's Board
                         of  Directors,  Roger J. Winston was elected a director
                         of  the  Company  until  the  next  Annual  Meeting  of
                         Shareholders scheduled to be held on February 11, 1999.


Item 6.        Exhibits and Reports on Form 8-K

               (a)       Exhibits:  Exhibit 11 - Computation   of  Earnings  per
                                                 Common Share
                                    Exhibit 27 - Financial Data Schedule

               (b)       Report on Form 8-K:   None


                                      -12-

<PAGE>



                                   SIGNATURES


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










                                               DEL GLOBAL TECHNOLOGIES CORP.




                                               /S/LEONARD A. TRUGMAN
                                               ---------------------
                                               Leonard A. Trugman
                                               Chairman of the Board,
                                               Chief Executive Officer
                                               and President




                                               /S/MICHAEL H. TABER
                                               ---------------------
                                               Michael H. Taber
                                               Chief Financial Officer,
                                               Vice President of Finance
                                               and Secretary



Dated:  December 11, 1998






                                      -13-