Vishay Intertechnology Message Board

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Technology Stocks : Vishay Intertechnology

VSH 15.34

-4.8%

3:59 PM EST

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To: Jim Goodman who wrote (167)	8/5/1998 9:57:00 PM
From: Ron	Read Replies (1) of 384

Earnings report. Interesting stock action: (From CBS Marketwatch) Vishay Intertechnology Inc. (VSH) rose after the company fell below analysts' expectations for the second quarter. The electronic components manufacturer earned 25 cents a share, a nickel below the average estimate of analysts surveyed by First Call. The company blamed the strike at General Motors, economic problems in Asia, the strong U.S. dollar and price erosion for the disappointment. The company announced it will undertake restructuring efforts, and a stock buyback plan in which it will loan money to top management to repurchase shares. The stock rose 2 1/8 to close at 14 1/8.

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