Bel is Recognized by Forbes as One of the 200 Best American Small Companies for the Second Consecutive Year.Business Editors and High-Tech Writers JERSEY CITY, N.J.--(BUSINESS WIRE)--Nov. 1, 2000 Bel Fuse Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BELFA)(NASDAQ:BELFB) today announced that Forbes has once again recognized Bel as one of the "200 Best Small Companies" in America in its October 30, 2000 issue. The Company was ranked 133rd on the publication's annual list based on sales and earnings growth, return on equity and related factors. "Since 1997, Bel's earnings have jumped over 40% each year and sales have increased over 23% each year, well above our five year average of 35% and 15%, respectively. As announced last week, Bel's strong growth has continued, third quarter earnings were up 92% and sales increased 36% compared to the same quarter last year. We are indeed pleased that Forbes' has recognized our accomplishments," said Daniel Bernstein, Bel's president and chief executive officer. Bernstein noted that Bel received high marks in several of the Forbes categories, most notably ranking 58th in recent 12 month return on equity, 59th in net income, 70th in operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: , 80th in five year average return on equity and 83rd when ranked by market value. An industry leader in the design, engineering, and manufacturing of magnetics, fuses, delay lines and thick film hybrids, Bel produces quality electronic components for the global market. Bel's products are widely specified for use in telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. and data communication (LAN/WAN LAN/WAN Local Area Network/Wide Area Network ) networks, computer and power supply applications, audio/visual equipment, consumer electronics, and home appliances worldwide. Testifying to Bel's commitment to quality, all components are manufactured in ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 certified See certification. . |
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