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VISHAY REPORTS A 46 PERCENT INCREASE IN NET EARNINGS FOR THE YEAR ENDED DEC. 31, 1992

 MALVERN, Pa., Feb. 12 /PRNewswire/ -- Dr. Felix Zandman, chairman and chief executive officer of Vishay Intertechnology, Inc. (NYSE: VSH), announced today that the company had a 46 percent increase in net earnings on a 50 percent increase in sales for the year ended Dec. 31, 1992.
 In the 12 months ended Dec. 31, 1992, sales were $664,226,000 compared with $442,283,000 in the previous year. Net earnings were $30,413,000 or $1.80 per share compared with $20,890,000 or $1.31 per share in the previous year.
 In the three months ended Dec. 31, 1992, sales were $157,583,000 compared with $102,870,000 in the previous year's quarter. Net earnings were $7,395,000 or $.40 per share compared with $2,422,000 or $.15 per share in the previous year's quarter. Net earnings for the quarter ended Dec. 31, 1992, included a pre-tax foreign exchange loss of approximately $2.3 million which was largely offset by a reduction in the effective tax rate.
 Zandman stated: "The 50 percent growth in sales in 1992 was due to the acquisition of the worldwide tantalum capacitor and U.S. thick film resistor network businesses of STI Group, formerly Sprague Technologies, Inc., as of January 1, 1992. Sprague's tantalum capacitor business has a worldwide leadership position. This acquisition continues to provide Vishay with an excellent strategic fit because of the leadership position we hold in the U.S. and Europe for resistors, inductors and other passive electronic components.
 "Despite the recession in the U.S. and Europe, Vishay had record earnings primarily due to the reduction of selling and administrative expenses resulting from cost saving measures implemented for the Sprague businesses.
 "Effective January 1, 1993, we completed the acquisition of Roederstein GmbH, a major European capacitor manufacturer of resistors and capacitors which complement the Vishay product lines. Roederstein, located in Landshut, Germany, is presently implementing substantial cost reduction programs which should add to Vishay's future earnings. This latest acquisition will boost our annual sales rate in 1993 to approximately $900 million."
 Vishay Intertechnology, Inc. is a leading U.S. and European producer of a wide range of resistors, resistive sensors, tantalum capacitors, film capacitors, inductors and other passive electronic components. The company's products are sold worldwide and are used in a broad range of industries.
 VISHAY INTERTECHNOLOGY, INC.
 (Unaudited)
 Three months ended Dec. 31 1992 1991
 Sales $157,583,000 $102,870,000
 Net earnings 7,395,000 2,422,000
 Net earnings per share (A) $.40 $.15
 Average shares outstanding (A) 18,551,000 15,863,000
 Twelve months ended Dec. 31 1992 1991
 Sales $664,226,000 $442,283,000
 Net earnings 30,413,000 20,890,000
 Net earnings per share (A) $1.80 $1.31
 Average shares outstanding (A) 18,444,000 15,856,000
 (A) Earnings per share amounts for all periods presented reflect a 5 percent stock dividend paid on June 16, 1992. Earnings per share is based on the weighted average number of shares of common stock and Class B common stock outstanding during the period, after giving effect to the conversion of all outstanding Convertible Subordinated Debentures into 2,536,783 shares of common stock on Oct. 23, 1992, and the issuance on Dec. 24, 1992, of 1.8 million shares of common stock the net proceeds of which were used to reduce long-term debt. For periods in which the assumed conversion of the debentures had a dilutive effect, net earnings used in these computations are adjusted for interest expense, net of income taxes, on the debentures.
 /delval/
 -0- 2/12/93
 /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

MP-MK -- PH003 -- 6040 02/12/93 08:58 EST
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Date:Feb 12, 1993
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