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BUSINESS
September 25, 1990 | By Valerie Reitman, Inquirer Staff Writer
Vishay Intertechnology Inc., the Malvern maker of electronic resistors and sensors, said yesterday that it would pay $3.8 million in criminal and civil fines to the U.S. government to settle fraud charges against its Dale Electronics Inc. subsidiary. The fines were imposed after Dale pleaded guilty Friday in U.S. District Court in Omaha to submitting false statements certifying that its electronic resistors met or exceeded Defense Department standards when they did not. The three false reports occurred between September 1985 and February 1986, before Vishay's 1988 purchase of Dale.
BUSINESS
August 16, 1986 | The Inquirer Staff
Despite the slowdown in the electronics industry, Vishay Intertechnology Inc. yesterday reported an 18 percent increase in net earnings on a 4 percent rise in sales for the fiscal year ended June 30. Net earnings for the Malvern manufacturer of resistors and strain gauges were $9.3 million or $1.44 a share on sales of $58.6 million, up from $7.9 million or $1.22 a share on sales of $56.5 million. The company said it benefited primarily from improved profitability in overseas markets and from its equity interest in Dale Holdings Inc., a joint- venture acquisition, effective last Oct. 31, that makes resistors.
BUSINESS
March 22, 1988 | By Andrea Knox, Inquirer Staff Writer
For years, Vishay Intertechnology Inc. was the Rodney Dangerfield of Wall Street. The Malvern company did a great job of making resistors and of making money. But with only $60 million in annual revenues and only sluggish growth in sight, it couldn't get no respect from the nation's biggest investment advisers. That was no small thorn in the side of founder, president and chief executive officer Felix Zandman, who owns 1.2 million of the company's eight million outstanding shares.
BUSINESS
May 15, 1990 | By Andrea Knox, Inquirer Staff Writer
What a difference a year makes! Last year, Vishay Intertechnology Inc. was only 71st in size among the Philadelphia area's publicly held industrial companies. This year it's No. 15. No, the market for Vishay's resistors and stress-measurement devices hasn't taken off overnight. It's just that Vishay has bought itself a much bigger chunk of that market. Two major acquisitions accounted for nearly all of Vishay's spurt, to $415.6 million in annual sales from $244.4 million the year before.
BUSINESS
August 15, 1992 | By Anthony Gnoffo Jr., INQUIRER STAFF WRITER
With support from the government of Israel and a degree of confidence about economic prospects, Vishay Intertechnology Inc. said yesterday that it would boost its production of electronic components in Israel. The company, with headquarters in Malvern, said that over the next five years it would create about 800 jobs in Dimona, Israel, where the company already makes electronic resistors. Under terms of an agreement with the Israeli government, Vishay will receive a tax-free grant of about $30,000 for each job it produces.
BUSINESS
October 24, 1988 | By Valerie Reitman, Inquirer Staff Writer
Vishay Intertechnology Inc. has gobbled up three companies in little more than a year. But is Felix Zandman, the chief executive and founder of Vishay, worried about digestion problems? Hardly. Decentralization is a principal tenet of the 26-year-old Malvern electronic-components firm. Since Vishay has sought only well-managed companies interested in a friendly takeover, Zandman is content to let well enough alone. "There's no central command in terms of policies and personnel or other internal matters," says Zandman, who met last week for two days with officials of his newest acquisitions at the Four Seasons Hotel.
BUSINESS
August 22, 1990 | By Valerie Reitman, Inquirer Staff Writer
Vishay Intertechnology Inc. said yesterday that it had lost its bid to buy a British manufacturer of electronic resistors whose shareholders instead tendered their shares to a rival British bidder. However, Felix Zandman, chairman of the Malvern resistor maker, said Vishay still would try to buy the U.S. operations of Crystalate Holdings PLC. The U.S. division supplied Crystalate with about one-third of its $180 million in sales last year. Vishay said TT Group PLC had succeeded in acquiring more than 56 percent of the common shares of Crystalate by Friday, making Vishay's bid moot.
NEWS
April 2, 1998 | By Herb Drill, INQUIRER CORRESPONDENT
Joseph W. Mintzer Sr., 81, who was a commercial artist, singer and advertising manager, died Sunday at the Elm Terrace Gardens retirement community in Lansdale. During World War II service with the First Marine Division, he strung wires between telephone poles in the South Pacific, including duty on Guadalcanal and Eniwetok. While off duty, he often sketched - in watercolors, crayon and pencil - what he observed from the tops of those poles. He also painted crosses marking the graves of those who fell in the battle for the Marshall Islands.
BUSINESS
August 10, 1990 | The Inquirer Staff
Cost-cutting efforts paid off in a big way in the second quarter at Vishay Intertechnology Inc., the Malvern maker of electronic resistors, sensors and other components. The company said its profits rose by nearly two-thirds on a modest increase in sales. "We are pleased that the effects of our planned cost-reduction programs are now starting to be seen in our results," said Felix Zandman, chairman and chief executive officer. "These programs will continue to be a high priority.
BUSINESS
August 10, 1989 | By Terry Bivens, Inquirer Staff Writer
Vishay Intertechnology Inc., the Malvern manufacturer of electronics components, yesterday announced that its Dale Electronics Inc. subsidiary was under investigation by the U.S. Department of Defense for alleged reporting irregularities. Neither Vishay nor federal officials would comment on the investigation or the allegations. However, Vishay said it had met with federal officials to discuss whether Dale might be prohibited from further government contracts under a process known as debarment.
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NEWS
September 30, 2011
Vishay Intertechnology Inc., Malvern producer of electronic components, said it paid $19.6 million for the resistor businesses of Huntington Electric Inc. "In the Company's recently announced growth plan, we indicated that niche acquisitions would supplement intensified internal growth. Our acquisition of Huntington fits well into this strategy, complementing our already broad and strong resistor product business," Gerald Paul, Vishay's president and chief executive officer, said in a prepared statement.
NEWS
April 2, 1998 | By Herb Drill, INQUIRER CORRESPONDENT
Joseph W. Mintzer Sr., 81, who was a commercial artist, singer and advertising manager, died Sunday at the Elm Terrace Gardens retirement community in Lansdale. During World War II service with the First Marine Division, he strung wires between telephone poles in the South Pacific, including duty on Guadalcanal and Eniwetok. While off duty, he often sketched - in watercolors, crayon and pencil - what he observed from the tops of those poles. He also painted crosses marking the graves of those who fell in the battle for the Marshall Islands.
BUSINESS
August 15, 1992 | By Anthony Gnoffo Jr., INQUIRER STAFF WRITER
With support from the government of Israel and a degree of confidence about economic prospects, Vishay Intertechnology Inc. said yesterday that it would boost its production of electronic components in Israel. The company, with headquarters in Malvern, said that over the next five years it would create about 800 jobs in Dimona, Israel, where the company already makes electronic resistors. Under terms of an agreement with the Israeli government, Vishay will receive a tax-free grant of about $30,000 for each job it produces.
BUSINESS
September 25, 1990 | By Valerie Reitman, Inquirer Staff Writer
Vishay Intertechnology Inc., the Malvern maker of electronic resistors and sensors, said yesterday that it would pay $3.8 million in criminal and civil fines to the U.S. government to settle fraud charges against its Dale Electronics Inc. subsidiary. The fines were imposed after Dale pleaded guilty Friday in U.S. District Court in Omaha to submitting false statements certifying that its electronic resistors met or exceeded Defense Department standards when they did not. The three false reports occurred between September 1985 and February 1986, before Vishay's 1988 purchase of Dale.
BUSINESS
August 22, 1990 | By Valerie Reitman, Inquirer Staff Writer
Vishay Intertechnology Inc. said yesterday that it had lost its bid to buy a British manufacturer of electronic resistors whose shareholders instead tendered their shares to a rival British bidder. However, Felix Zandman, chairman of the Malvern resistor maker, said Vishay still would try to buy the U.S. operations of Crystalate Holdings PLC. The U.S. division supplied Crystalate with about one-third of its $180 million in sales last year. Vishay said TT Group PLC had succeeded in acquiring more than 56 percent of the common shares of Crystalate by Friday, making Vishay's bid moot.
BUSINESS
August 10, 1990 | The Inquirer Staff
Cost-cutting efforts paid off in a big way in the second quarter at Vishay Intertechnology Inc., the Malvern maker of electronic resistors, sensors and other components. The company said its profits rose by nearly two-thirds on a modest increase in sales. "We are pleased that the effects of our planned cost-reduction programs are now starting to be seen in our results," said Felix Zandman, chairman and chief executive officer. "These programs will continue to be a high priority.
BUSINESS
May 15, 1990 | By Andrea Knox, Inquirer Staff Writer
What a difference a year makes! Last year, Vishay Intertechnology Inc. was only 71st in size among the Philadelphia area's publicly held industrial companies. This year it's No. 15. No, the market for Vishay's resistors and stress-measurement devices hasn't taken off overnight. It's just that Vishay has bought itself a much bigger chunk of that market. Two major acquisitions accounted for nearly all of Vishay's spurt, to $415.6 million in annual sales from $244.4 million the year before.
BUSINESS
May 4, 1990 | By Andrea Knox, Inquirer Staff Writer
Vishay Intertechnology Inc. of Malvern yesterday said that it would try to acquire a British company, Crystalate Holdings, that has asked Vishay to help it stave off an unsolicited tender offer. Vishay, which manufactures resistors, plans to make an offer for Crystalate before May 28, chief executive officer Felix Zandman said. The timing and amount of the offer will depend on how soon Vishay can get antitrust clearance from the Justice Department and on Crystalate's six-month financial results, due to be released in a few weeks, Zandman said.
BUSINESS
August 10, 1989 | By Terry Bivens, Inquirer Staff Writer
Vishay Intertechnology Inc., the Malvern manufacturer of electronics components, yesterday announced that its Dale Electronics Inc. subsidiary was under investigation by the U.S. Department of Defense for alleged reporting irregularities. Neither Vishay nor federal officials would comment on the investigation or the allegations. However, Vishay said it had met with federal officials to discuss whether Dale might be prohibited from further government contracts under a process known as debarment.
BUSINESS
October 24, 1988 | By Valerie Reitman, Inquirer Staff Writer
Vishay Intertechnology Inc. has gobbled up three companies in little more than a year. But is Felix Zandman, the chief executive and founder of Vishay, worried about digestion problems? Hardly. Decentralization is a principal tenet of the 26-year-old Malvern electronic-components firm. Since Vishay has sought only well-managed companies interested in a friendly takeover, Zandman is content to let well enough alone. "There's no central command in terms of policies and personnel or other internal matters," says Zandman, who met last week for two days with officials of his newest acquisitions at the Four Seasons Hotel.
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