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Politics : Formerly About Applied Materials

AMAT 228.45

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3:05 PM EST

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To: Ian@SI who wrote (45277)	4/10/2001 8:46:48 AM
From: Jerome	Read Replies (1) of 70976

Amid the doom there is some expansion going on......Vishay Tuesday April 10, 5:18 am Eastern Time Vishay Israel eyes $490 mln expansion-newspaper JERUSALEM, April 10 (Reuters) - The Israeli unit of U.S. electronic component maker Vishay Intertechnology (NYSE:VSH - news) will recommend to Vishay's board to go ahead with plans to invest $490 million in Israel, the Ha'aretz daily reported on Tuesday. The newspaper cited Vishay Israel president Marc Zandman as saying he believes he can receive approval from Vishay's board for the investment since the government raised its grant. Officials from Vishay Israel, a wholly owned subsidiary of the U.S. company, were not available for comment. Last year, Vishay said it would increase its investment in Israel by nearly $500 million over the next four to six years, but last month said it was rethinking its plans because it felt a government grant of 20 percent was too low in light of a slowing economy. Ha'aretz said the government raised its grant to 32 percent of the total investment for projects in southern Israel. Vishay Israel has said it plans to expand in both the south and north. The company, which makes resistors, capacitors and discrete semiconductors, has invested some $500 million in Israel in four plants. The Israeli unit posted sales of $700 million in 2000, 98 percent of which were exports. FWIW... Components that go into all tech toys are made by Vishay...considered by many to a leading indicator. Three companies dominate this area.. Vishay (VSH), Kemit (KEM) and AVX Corp. (AVX) . Of these three AVX reports earnings on Thursday.For those that scoff at these commodity makers a little research would indicate that VSH has split six times in six years. Jerome

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