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Who they are

Vishay Intertechnology, Inc. (NYSE: VSH - news) a Fortune 1,000 Company with annual sales of $1.8 billion, is the largest U.S. and European manufacturer of passive electronic components (resistors, capacitors, inductors) and a major producer of discrete semiconductors (diodes, optoelectronics, transistors), IrDCs (infrared communication devices), and power and analog switching integrated circuits. The Company's components are vital to electronic operations and can be found in products manufactured in a very broad range of industries worldwide. With headquarters in Malvern, Pennsylvania, Vishay employs over 20,000 people in 60 plants in the U.S., Mexico, Germany, Austria, the United Kingdom, France, Portugal, the Czech Republic, Hungary, Israel, Taiwan (ROC), China and the Philippines. Vishay can be found on the Internet at http://www.vishay.com.

Financials

MALVERN, Pa., Feb. 2 /PRNewswire/ -- Dr. Felix Zandman, Chairman and Chief Executive Officer of Vishay Intertechnology, Inc. (NYSE: VSH - news), announced today that net earnings in the fourth quarter of 1999 were a record $36,502,000 or $0.42 per share. This compares with net earnings before special charges of $14,200,000 or $0.17 per share for the fourth quarter of 1998. The net loss for the fourth quarter of 1998 was $37,211,000 or $0.44 per share after special charges of $51,411,000 or $0.61 per share. Net sales in the fourth quarter of 1999 were a record $467,999,000 as compared to $411,658,000 for the fourth quarter of 1998.

For the twelve months ended December 31, 1999, sales were $1,760,091,000 compared with $1,572,745,000 in the previous year. Net earnings, before non- operational items, for the year ended December 31, 1999 were $97,799,000 or $1.14 per share. After non-operational expenses of $14,562,000 or $0.17 per share, net earnings for the year ended December 31, 1999 were $83,237,000 or $0.97 per share. The non-operational loss in 1999 was primarily a result of the sale of Nicolitch, S.A., a French manufacturer of printed circuit boards, a non-core business of Vishay which was completed on March 26, 1999. Net earnings before special charges for the year ended December 31, 1998 were $63,547,000 or $0.75 per share. After special charges of $55,335,000 or $0.65 per share, net earnings for the year ended December 31, 1998 were $8,212,000 or $.10 per share.

New Product

The new Vishay Siliconix power MOSFET/Schottky diode LITTLE FOOT Plus(TM) devices in the TSOP-6 are an industry-first. On-resistance for the new devices is up to 25% lower than the closest competing MOSFET/Schottky products on the market, while their TSOP-6 package requires approximately 33% less board space. The new devices include two p-channel MOSFET/Schottky products offering designers a choice of 30-V (Si3851DV) or 20-V (Si3853DV) breakdown voltages, and an n-channel product rated at 20 V (Si3812DV). They are designed for DC-to-DC conversion and power switching in cell phones and other mobile communications systems, where they will save space and reduce assembly costs.
The new thin film chip resistors in a 0.105-inch square case size represent an expansion of Vishay's military-qualified M55342 chip-resistor family. The M55342/10 thin film chip resistors comply with the QPL MIL-PRF-55342 specification with established reliability at the ``R' failure rate level of 0.01% per 1000 hours. Rated for 150 degrees C operating conditions, the M55342/10 resistors feature a wraparound termination design, with a tenacious adhesion layer covered with an electroplated nickel barrier layer. The M55342/10 is intended for the stringent performance requirements of a wide range of military applications. Established reliability is assured through 100% screening and extensive environmental lot testing.
The new surface-mount inductors/transformers feature noise-minimizing toroidal design. The new Vishay Dale LPT-3535 series of devices offer designers a choice of Kool-Mu®, powdered iron, or MPP cores. They minimize EMI radiation in DC-to-DC converter, common mode choke, and isolation transformer circuits in a broad range of electronic systems. Inductance values range from 1 microhenry to 330 microhenrys. DC resistance is as low as 4 milliohms, with maximum current values as high as 6.45 A. Inductance tolerance is specified at plus/minus 15% for all devices. Applications include stand-alone power supplies, automotive, military and aerospace applications, consumer electronics, and test and measurement devices.
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