MALVERN, Pa., March 3 /PRNewswire-FirstCall/ -- At a Raymond James
Institutional Investor Conference today, Richard N. Grubb, Vishay's Chief
Financial Officer, stated that net sales for the first quarter of 2003 would
be in the $500 million range.
Vishay (NYSE: VSH), a Fortune 1,000 Company listed on the NYSE, is one of
the world's largest manufacturers of discrete semiconductors (diodes,
rectifiers, transistors, optoelectronics, and selected ICs) and passive
electronic components (resistors, capacitors, inductors, and transducers).
The Company's components can be found in products manufactured in a very broad
range of industries worldwide. Vishay is headquartered in Malvern,
Pennsylvania, and has plants in sixteen countries employing over 25,000
people. Vishay can be found on the Internet at http://www.vishay.com.
Statements in this press release contain "forward-looking" information
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934.
Such statements involve a number of risks and uncertainties. Those
factors primarily include a decline in demand for the Company's products by
customers including OEMs and distributors, backlog cancellations, maintenance
of current unusual pricing environment resulting from shortages of company
products, competitive pressures, recessionary trends, currency fluctuations,
changes in laws, cancellation of government grants or tax benefits, labor
unrest, factory under-utilization and capacity constraints. Please see the
Company's December 31, 2001 Report on Form 10-K filed with the Securities and
Exchange Commission for a more comprehensive list of these factors.
Contact: William M. Clancy
Vice President & Assistant Secretary
610/644-1300
SOURCE Vishay Intertechnology, Inc.
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Related links:
http://www.vishay.com
CONTACT:
William M. Clancy, Vice President & Assistant
Secretary of Vishay Intertechnology, +1-610-644-1300
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