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Technology Stocks : Vishay Intertechnology

VSH 16.86

-0.7%

9:30 AM EST

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To: JakeStraw who wrote (289)	8/10/2000 7:59:24 PM
From: G.M. Flinn	of 384

VSH 5MM share buyback. biz.yahoo.com Thursday August 10, 5:15 pm Eastern Time Vishay sets 5 million share buypack NEW YORK, Aug 10 (Reuters) - Electronic components maker Vishay Intertechnology Inc. (NYSE:VSH - news) said on Thursday its board of directors set a 5 million common share buyback. ``We believe our shares are undervalued at the present time in the market and represent an attractive investment,'' chief executive Felix Zandman said in a statement. ``The decision to repurchase our shares reflects our optimism for the long-term performance of our Company.'' Vishay will lend money at market rates to its board members and certain managers to allow them to purchase stock on the open market, the company said. Vishay shares closed down 13/16 at 29 on Thursday on the New York Stock Exchange. The stock has traded between 12-3/8 and 62-5/8 in the past year.

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