For more information:
Media contact - Bob Decker, Red Pines Group
Vishay Intertechnology Named One of the World's Best Performing Tech Companies by Business Week
Semiconductor and Passive-Component Leader Highlighted on "Info Tech 100" List
MALVERN, PENNSYLVANIA - July 6, 2001 - Vishay Intertechnology, Inc. (NYSE: VSH), manufacturer of the world's broadest line of discrete electronic components, has been included on Business Week magazine's list of the 100 best performing technology companies. This prestigious annual list evaluates companies based on four key criteria: shareholder return, return on equity, revenue growth, and total revenues. The complete "Info Tech 100" list is available at www.businessweek.com.
The list features "companies that have either achieved the efficiency long promised by the technology revolution or that sell products and services to help others improve their bottom line," notes Business Week. "This year's list truly reflects the arrival of an era of efficiency within the technology industry."
The starting point of Business Week's list was financial data from Standard & Poor's Compustat, a division of The McGraw-Hill Companies that has compiled data on 10,000 publicly traded companies. Business Week editors reduced the list to information technology companies and supplemented it with non-U.S. tech companies identified by the magazine's network of foreign bureaus.
"We are honored to be recognized by Business Week and ranked alongside some of the word's top technology companies," said Dr. Felix Zandman, Chairman and CEO of Vishay Intertechnology. "Efficiency has always been a key part of Vishay's business plan. Focus on streamlining operations and reducing costs has enabled Vishay to maintain a competitive edge during industry upturns and downturns. During year 2001 and beyond, we will continue to build on our position as a leader in the U.S., European, and Asian electronics markets."
Components manufactured and marketed by Vishay are essential building blocks of electronic circuits that power technology and communications. Worldwide demand for electronic components used in these circuits - projected to grow to approximately $369.3 billion in 2003 - drives demand for Vishay products. Vishay's customers include leading electronics manufacturing services (EMS) companies such as Celestica (number on the "Info Tech 100" list), Jabil Circuit, and Solectron; global distributors; and leading original-equipment manufacturers (OEMs) with widely recognized brand names such as Intel, Cisco, Nortel, Nokia, Siemens, Ericsson, Motorola, IBM, Sony, Compaq, and Dell.
Vishay's dramatic growth - from sales of $59 million in 1985 to $2.5 billion in 2000 - has been guided by a skilled management team. However, sales in 2001 will be substantially below the $2.5 billion in 2000 as a result of the present economic downturn in the electronics industry. Vishay's acquisition strategy and continuing commitment to product innovation have made the Company a global industry leader. Vishay's most recent acquisition - announced shortly after publication of the "Info Tech 100" list - involves the purchase of the entire infrared components business of Infineon Technologies AG. This move will significantly strengthen Vishay's market position in optoelectronics. In the area of product innovation, Vishay is firmly committed to research and development (R&D) and, in year 2000, introduced over 200 new products.
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers
of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors,
and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial,
computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay’s product
innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can
be found on the Internet at www.vishay.com.