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VISHAY ANNOUNCES A RECORD $.57 PER SHARE AND A 42 PERCENT INCREASE IN NET EARNINGS FOR SECOND QUARTER

 MALVERN, Pa., Aug. 10 /PRNewswire/ -- Dr. Felix Zandman, chairman and chief executive officer, announced today that Vishay Intertechnology, Inc. (NYSE: VSH) reported a 42 percent increase in net earnings and a record $.57 per share for the second quarter of calendar 1993.
 In the three months ended June 30, 1993, sales were $224,653,000 compared with $168,494,000, in the previous year's quarter, an increase of 33 percent. Net earnings were $12,082,000 or $.57 per share compared with $8,515,000 or $.49 per share in the previous year's quarter.
 In the six months ended June 30, 1993, sales were $452,153,000 compared with $341,764,000 in the previous year's period, an increase of 32 percent. Net earnings were $24,547,000 or $1.16 per share compared with $15,610,000 or $.90 per share in the previous year's period. Included in the net earnings for the six month period is an one-time tax benefit of $1,427,000 ($.07 per share) resulting from the adoption of FASB Statement No. 109, "Accounting for Income Taxes."
 Earnings per share for both periods reflects a 5 percent stock dividend paid on June 11.
 Included in the results for the quarter and six months ended June 30, 1993, were restructuring charges of $482,000 and $1,992,000, respectively, related to the company's decision to downsize its French operations as a result of the business climate in France.
 Income from insurance claims of $1 million for the three months and $3 million for the six months ended June 30, 1993, represent proceeds received or anticipated to be received for business interruptions.
 Foreign currency losses for the quarter and six months ended June 30, 1993, were $102,000 and $763,000, respectively, as compared to a currency gain of $607,000 for the quarter and a currency loss of $86,000 for the six months ended June 30, 1992.
 Commenting on the results for the quarter, Zandman stated: "The increase in sales for the current quarter resulted from the acquisition of Roederstein GmbH effective Jan. 1, 1993. Roederstein, headquartered in Landshut, Germany, is a leading European and U.S. capacitor manufacturer and is also a producer of other passive electronic components. Futhermore, we are pleased to report that Roederstein has continued to show very positive results this quarter primarily from the reduction of personnel in sales, administrative and manufacturing overhead areas, as well as from streamlining production in Germany and Portugal and shifting some production to Israel and the Czech Republic. We are quite confident that the above-mentioned cost reductions will enable Roederstein to continue to be a major contributor to the profitability of the company in the future."
 Zandman added: "The increase in sales for the quarter and six months ended June 30, 1993, also reflects the continued worldwide customer demand for surface mount components. Vishay presently manufactures 12 surface mount product groups, including resistors, tantalum capacitors, and inductors. We produce the broadest selection of surface mount passive components in the U.S. and Europe. To meet this ongoing market demand, we are continuing to significantly expand our surface mount capacity worldwide. On July 2, 1993, we acquired the assets of the tantalum capacitor business of North American Philips Corporation, a subsidiary of Philips Electronics N.V., for $11 million. This business, which has sales of approximately $16 million in 1992, further strengthens our position in tantalum capacitors."
 Vishay Intertechnology, Inc., a FORTUNE 500 company, is a leading U.S. and European producer of a wide range of passive electronic components. In the United States and Europe, Vishay is the largest manufacturer of fixed resistors, resistive sensors, and tantalum capacitors, and a leading producer of film capacitors, inductors and other passive electronic components. The Company's products are used in a broad range of industries.
 VISHAY INTERTECHNOLOGY, INC.
 (Unaudited)
 Three months ended June 30 1993 1992
 Sales $224,653,000 $168,494,000
 Earnings before income taxes 14,208,000 10,945,000
 Income taxes 2,126,000 2,430,000
 Net earnings 12,082,000 8,515,000
 Net earnings per share(B): $.57(C) $.49(A)
 Average shares
 outstanding(B) 21,227,000 19,318,000(A)
 Six months ended June 30 1993 1992
 Sales $452,153,000 $341,764,000
 Earnings before income
 taxes and cumulative effect
 of accounting change 27,507,000 20,405,000
 Income taxes 4,387,000 4,795,000
 Earnings before cumulative
 effect of accounting
 change 23,120,000 15,610,000
 Cumulative effect of accounting
 change for income taxes 1,427,000 ---
 Net earnings 24,547,000 15,610,000
 Net earnings per share:
 Earnings before cumulative
 effect of accounting change
 for income taxes $1.09(C) $.90(A)
 Cumulative effect of
 accounting change for
 income taxes $.07 ---
 Net earnings per share(B) $1.16(C) $.90(A)
 Average shares
 outstanding(B) 21,226,000 19,318,000(A)
 (A) Earnings per share for the quarter and six months ended June 30, 1992, is based on the weighted average number of common shares and dilutive common equivalent shares (from the assumed conversion of convertible subordinated debentures) outstanding during the interim period. In October 1992 the convertible subordinated debentures were converted into 2,536,783 shares of common stock. Net earnings for the quarter and six months ended June 30, 1992, are adjusted for interest expense, net of income taxes, on the convertible subordinated debentures. The actual shares outstanding at June 30, 1992, as adjusted to reflect the 5 percent stock dividend paid on June 11, 1993, were 16,656,000.
 (B) Earnings per share amounts for all periods reflect a 5 percent stock dividend paid on June 11, 1993.
 (C) The lower percentage increase in earnings per share as compared to net earnings increase is a result of the sale of 1.8 million common shares in December 1992.
 /delval/
 -0- 8/10/93
 /CONTACT: Robert A. Freece, vice president and treasurer of Vishay Intertechnology, 215-644-1300/
 (VSH)


CO: Vishay Intertechnology, Inc. ST: Pennsylvania IN: CPR SU: ERN

MJ-CC -- PH001 -- 1050 08/10/93 08:49 EDT
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Date:Aug 10, 1993
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