Exhibit 99



[ARTESYN TECHNOLOGIES LETTERHEAD]

NEWS RELEASE



Company Contact

Richard Thompson

Chief Financial Officer

(561) 451-1000



ARTESYN ANNOUNCES FIRST QUARTER FINANCIAL RESULTS



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BOCA RATON, Fla., April 22, 2003Artesyn Technologies, Inc. (Nasdaq NM: ATSN) today announced financial results for the first quarter ended March 28, 2003. Revenue for the quarter totaled $81.9 million, versus $90.5
million for the corresponding quarter a year ago. Total orders received in the quarter were $87.1 million, yielding a book-to-bill ratio of 1.06. Backlog at the end of the quarter was $78.0 million with approximately $73.0 million of this amount
scheduled to ship in the second quarter.



The company incurred a
loss of $(0.19) per diluted share for the quarter compared to a loss of $(0.19) per diluted share in the first quarter of 2002. Excluding restructuring and other charges, the loss per diluted share was $(0.13) in the first quarter of 2003 compared
to a loss of $(0.17) for the same period in 2002. During the first quarter 2003, the company incurred charges net of tax benefit of approximately $1.8 million related to previously announced restructuring actions and facility consolidations and a
write-off of $0.6 million of debt issuance costs associated with the companys recently announced credit facility. The company incurred $0.8 million in after-tax restructuring charges in the comparable prior year period.



Loss per diluted share excluding restructuring and other charges shown above
is not a recognized measure for financial statement presentation under U.S. generally accepted accounting principles. This non-GAAP information excludes items that are generally non-recurring in nature to provide the reader with a
clearer picture of current fundamental operating performance from managements perspective.



Demand in the first quarter was consistent with our expectations and we are encouraged by the book-to-bill ratio, commented Artesyns President and CEO, Joseph M. ODonnell.
While we are seeing some signs of market stabilization, we anticipate only modest sequential improvements in revenue for the remainder of 2003.



Operating performance improved sequentially in the first quarter of 2003 compared to the fourth quarter of 2002, continued Mr. ODonnell.
Gross profit rose to 16.4% from 14.8% as the impact of previously announced cost reduction actions began. Looking ahead, gross profit will be impacted positively with the closure of the Kindberg, Austria facility in April and the Youghal,
Ireland manufacturing facility in September as production is moved to the companys lower-cost manufacturing locations in Hungary and China.



We achieved our liquidity objective in March by entering into a new five-year, $35 million revolving line of credit with Fleet Capital Corporation.
The new asset-backed line replaces the companys $40 million syndicated revolving credit facility which was due to expire in March 2004. Following the



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execution of the new agreement, our cash balance was approximately $51.9 million, with $10.5 million drawn
on the new line.



Investors will have the opportunity to
listen to managements discussion of this release in a conference call to be held on April 22, 2003 at 8:30 a.m. Eastern time either by calling (800) 711-4000 (passcode: ODonnell) or over the Internet at http://www.artesyn.com. To
listen to the live call, please go to the web site at least 15 minutes early to register, download and install any necessary audio software. The web cast will be available for replay immediately following the teleconference.



Artesyn Technologies, Inc., headquartered in Boca Raton, FL, is a leading
provider of advanced power conversion equipment and real-time subsystems to the communications industry. With one of the broadest portfolios of power products available, Artesyn offers customers a wide range of high efficiency AC/DC power supplies,
as well as advanced DC/DC and Point-of-Load converters for distributed power architectures. Artesyns line of WAN interfaces and CPU boards are also at work in many of todays leading TeledatacomTMnetworks. For more information about Artesyn Technologies and its products, please visit the companys web site at http://www.artesyn.com.



This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. Readers are cautioned that these forward-looking statements may differ materially from actual future events or results. Readers
are referred to the documents periodically filed by Artesyn with the Securities and Exchange Commission, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors that could cause actual results to differ
from those contained in the forward-looking statements. These factors include, but are not limited to, fluctuations in end-market demand, integration of operations and technology, market acceptance of existing and new products, dependence on and
volatility of foreign sales, the potential for fluctuations in operating results, changes in accounting rules or principles and general technological changes which may render Artesyns existing products obsolete. Any forward-looking statement
made in this release is made as of the date of this release and Artesyn assumes no obligation to update any such forward-looking statement.



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Artesyn
Technologies, Inc.

Financial Highlights

(In Thousands Except per Share Data)

(Unaudited)



|                            |  | Thirteen Weeks Ended |       
|--------------------------- |  | -------------------- | ------
|                            |  | March 28, 2003       |       
|Orders                      |  | $                    | 87,112
|SalesPower Conversion      |  |                      | 73,236
|Communications Products    |  |                      | 8,620 
|                            |  |                      |       
|Total                       |  |                      | 81,856
|Operating loss              |  |                      | (6,794
|EBITDA                      |  |                      | (720  
|Diluted Per Share Data      |  |                      |       
|Net Loss                    |  |                      | (0.19 
|Net Loss Excluding Charges  |  |                      | (0.13 
|Weighted shares outstanding |  |                      | 38,560



The following table
includes items used to reconcile net loss to net loss excluding charges (in thousands, except per share data):



|                                       |  | Thirteen Weeks Ended |       
|-------------------------------------- |  | -------------------- | ------
|                                       |  | March 28, 2003       |       
|Net Loss                               |  | $                    | (7,459
|After-tax restructuring charges        |  |                      | 1,829 
|After-tax debt issuance cost write-off |  |                      | 551   
|                                       |  |                      |       
|Net loss excluding charges             |  | $                    | (5,079
|                                       |  |                      |       



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Artesyn
Technologies, Inc.

Consolidated Statements of Operations

(In Thousands Except per Share Data)

(Unaudited)



|                                                                 |  | Thirteen Weeks Ended |       
|---------------------------------------------------------------- |  | -------------------- | ------
|                                                                 |  | March 28, 2003       |       
|Sales                                                            |  | $                    | 81,856
|Cost of Sales                                                    |  |                      | 68,466
|                                                                 |  |                      |       
|Gross Profit                                                     |  |                      | 13,390
|                                                                 |  |                      |       
|Operating Expenses                                               |  |                      |       
|Selling, general and administrative                              |  |                      | 9,817 
|Research and development                                         |  |                      | 8,286 
|Restructuring and other charges                                  |  |                      | 2,081 
|                                                                 |  |                      |       
|Total Operating Expenses                                         |  |                      | 20,184
|                                                                 |  |                      |       
|Operating Loss                                                   |  |                      | (6,794
|Interest Expense, net                                            |  |                      | (1,693
|                                                                 |  |                      |       
|Loss Before Income Taxes                                         |  |                      | (8,487
|Benefit for Income Taxes                                         |  |                      | (1,028
|                                                                 |  |                      |       
|Net Loss                                                         |  | $                    | (7,459
|                                                                 |  |                      |       
|Diluted Loss per Share                                           |  | $                    | (0.19 
|                                                                 |  |                      |       
|Weighted Average Common and Common Equivalent Shares Outstanding |  |                      | 38,560



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Artesyn
Technologies, Inc.

Consolidated Statements of Financial Condition

(In Thousands)

(Unaudited)



|                                           |  | March 28, 2003 |         | December 27, 2002
|------------------------------------------ |  | -------------- | ------- | -----------------
|ASSETS                                     |  |                |         |                  
|Current Assets                             |  |                |         |                  
|Cash and equivalents                       |  | $              | 51,856  |                  
|Accounts receivable, net                   |  |                | 46,364  |                  
|Inventories, net                           |  |                | 53,551  |                  
|Prepaid expenses and other                 |  |                | 3,535   |                  
|Deferred income taxes, net                 |  |                | 17,581  |                  
|                                           |  |                |         |                  
|Total current assets                       |  |                | 172,887 |                  
|                                           |  |                |         |                  
|Property, Plant & Equipment, Net           |  |                | 72,713  |                  
|                                           |  |                |         |                  
|Other Assets                               |  |                |         |                  
|Goodwill, net                              |  |                | 18,496  |                  
|Deferred income taxes, net                 |  |                | 15,932  |                  
|Other assets, net                          |  |                | 4,442   |                  
|                                           |  |                |         |                  
|Total other assets                         |  |                | 38,870  |                  
|                                           |  |                |         |                  
|Total Assets                               |  | $              | 284,470 |                  
|                                           |  |                |         |                  
|LIABILITIES AND SHAREHOLDERS EQUITY       |  |                |         |                  
|Current Liabilities                        |  |                |         |                  
|Accounts payable                           |  | $              | 38,333  |                  
|Accrued and other current liabilities      |  |                | 55,397  |                  
|                                           |  |                |         |                  
|Total current liabilities                  |  |                | 93,730  |                  
|                                           |  |                |         |                  
|Long-Term Liabilities                      |  |                |         |                  
|Long-term debt and capital leases          |  |                | 10,501  |                  
|Subordinated convertible debt              |  |                | 46,942  |                  
|Other long-term liabilities                |  |                | 15,720  |                  
|                                           |  |                |         |                  
|Total long-term liabilities                |  |                | 73,163  |                  
|                                           |  |                |         |                  
|Total liabilities                          |  |                | 166,893 |                  
|Shareholders Equity                       |  |                | 117,577 |                  
|                                           |  |                |         |                  
|Total Liabilities and Shareholders Equity |  | $              | 284,470 |                  
|                                           |  |                |         |                  



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