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<SEC-DOCUMENT>0001206774-09-000952.txt : 20090505
<SEC-HEADER>0001206774-09-000952.hdr.sgml : 20090505
<ACCEPTANCE-DATETIME>20090505075452
ACCESSION NUMBER:		0001206774-09-000952
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20090328
FILED AS OF DATE:		20090505
DATE AS OF CHANGE:		20090505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VISHAY INTERTECHNOLOGY INC
		CENTRAL INDEX KEY:			0000103730
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS & ACCESSORIES [3670]
		IRS NUMBER:				381686453
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07416
		FILM NUMBER:		09795436

	BUSINESS ADDRESS:	
		STREET 1:		63 LINCOLN HWY
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6106441300

	MAIL ADDRESS:	
		STREET 1:		63 LINCOLN HIGHWAY
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>vishay_10q.htm
<DESCRIPTION>QUARTERLY REPORT
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<DIV align=center><FONT face=serif size=5></FONT><B><FONT face=serif size=2>UNITED STATES<BR></FONT></B><B><FONT face=serif size=2>SECURITIES AND
EXCHANGE COMMISSION<BR>Washington, D.C. 20549</FONT></B></DIV>
<P align=center><B><FONT face=serif size=2></FONT></B><B><FONT face=serif size=4>FORM 10-Q</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>(Mark
      One)</FONT></TD></TR>
  <TR>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%"><FONT face=serif size=2><FONT face=wingdings size=2>x</FONT></FONT></TD>
    <TD vAlign=top align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top align=left width="98%"><B><FONT face=serif size=2>QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><B><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the quarterly period
      ended&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March
      28,
      2009&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></B></TD></TR>
  <TR>
    <TD vAlign=top align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%"><FONT face=wingdings size=2>o</FONT></TD>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><B><FONT face=serif size=2>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><B><FONT face=serif size=2>&nbsp;</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><STRONG><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif>For the
      transition period
      from&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</U>&nbsp;to&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></FONT></STRONG></TD></TR></TABLE><BR>
<P align=center><B><FONT face=serif size=2>Commission File Number</FONT></B>
<B><U><FONT face=serif size=2>1-7416</FONT></U></B><FONT face=serif size=2></FONT></P>
<P align=center><B><FONT face=serif size=4>VISHAY INTERTECHNOLOGY,
INC.<BR></FONT></B><FONT face=serif size=2>(Exact name of registrant as
specified in its charter)</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="90%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="45%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>Delaware</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="49%">&nbsp;<B><FONT face=serif size=2>38-1686453</FONT></B>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="45%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(State or Other Jurisdiction of
    Incorporation)</FONT>&nbsp;</TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="49%">&nbsp;<FONT face=serif size=2>(I.R.S.
      Employer Identification Number)</FONT>&nbsp;</TD></TR>
  <TR>
    <TD align=center width="99%" colSpan=3>&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="45%">&nbsp;<B><FONT face=serif size=2>63
      Lancaster Avenue</FONT></B>&nbsp;</TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="49%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="45%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>Malvern, PA
19355-2143</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="5%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="49%">&nbsp;<B><FONT face=serif size=2>610-644-1300</FONT></B>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="45%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(Address of Principal Executive
    Offices)</FONT>&nbsp;</TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="49%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(Registrant&#146;s Area Code and Telephone
    Number)</FONT>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=justify><FONT size=2>Indicate by check mark whether the registrant (1)
has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. <FONT face=Wingdings>x</FONT><FONT face=serif> Yes&nbsp; </FONT><FONT face=Wingdings>o</FONT><FONT face=serif> No</FONT></FONT></P>
<P align=justify><FONT face=serif size=2>Indicate by check mark whether the
registrant has submitted electronically and posted on its corporate Web site, if
any, every Interactive Data File required to be submitted and posted pursuant to
Rule 405 of Regulation S-T (section 232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was required
to submit and post such files. </FONT><FONT face=Wingdings size=2>o</FONT><FONT face=serif size=2> Yes &nbsp;</FONT><FONT face=Wingdings size=2>o</FONT><FONT face=serif size=2> No</FONT></P>
<P align=justify><FONT size=2>Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, or a non-accelerated filer. See
definition of &#147;accelerated filer and large accelerated filer&#148; in Rule 12b-2 of
the Exchange Act. (Check one):</FONT></P>
<DIV align=center>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="48%"><FONT size=2>Large accelerated filer
      </FONT><FONT face=sans-serif size=2><FONT face=Wingdings size=2><FONT face=Wingdings>x</FONT></FONT></FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="51%"><FONT face=serif size=2>Accelerated
      filer </FONT><FONT face=Wingdings size=2>o</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%"><FONT face=serif size=2>Non-accelerated
      filer <FONT face=Wingdings size=2>o</FONT></FONT><FONT face=sans-serif size=2> </FONT><FONT face=serif size=2>(Do not check if smaller reporting
      company)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="51%"><FONT face=serif size=2>Smaller
      reporting company <FONT face=Wingdings size=2>o</FONT><FONT size=3>&nbsp;
      </FONT></FONT></TD></TR></TABLE></DIV>
<P align=justify><FONT face=serif size=2>Indicate by check mark whether the
registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
</FONT><FONT face=sans-serif size=2><FONT face=Wingdings>o</FONT><FONT face="Times New Roman"> </FONT></FONT><FONT size=2>Yes&nbsp; <FONT face=wingdings size=2>x</FONT> </FONT><FONT face=serif size=2>No</FONT></P>
<P align=justify><FONT face=serif size=2>As of April 30, 2009, the registrant
had 172,208,866 shares of its common stock and 14,352,888 shares of its Class B
common stock outstanding. </FONT></P>
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<P align=center><FONT face=serif size=2>2 </FONT></P>
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<P align=center><B><FONT face=serif><FONT size=2>VISHAY INTERTECHNOLOGY,
INC.</FONT></FONT></B></P>
<P align=center><B><FONT face=serif><FONT size=2>FORM
10-Q<BR></FONT></FONT></B><B><FONT face=serif><FONT size=2>MARCH 28,
2009</FONT></FONT></B></P>
<P align=center><B><FONT face=serif><FONT size=2>CONTENTS</FONT></FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

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    <TD noWrap align=left width="1%"></TD>
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    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>Page</FONT></TD></TR>
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    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="87%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=2>Number</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>PART I.</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><B><FONT face=serif size=2>FINANCIAL INFORMATION</FONT></B></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
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    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp;</TD>
    <TD noWrap align=left width="4%"></TD></TR>
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    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 1.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Financial Statements</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
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    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Consolidated Condensed Balance Sheets</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; (Unaudited) &#150; March 28, 2009 and
      December 31, 2008</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>4</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Consolidated Condensed Statements of Operations</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Unaudited) &#150; Fiscal Quarters
      Ended March 28, 2009 and</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 29, 2008</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>6</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Consolidated Condensed Statements of Cash Flows</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Unaudited) &#150; Three Fiscal
      Months Ended March 28, 2009 and</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 29, 2008</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>7</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Consolidated Condensed Statement of Equity</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Unaudited)</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>8</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Notes to Consolidated Condensed Financial Statements</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Unaudited)</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>9</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 2.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Management&#146;s Discussion and Analysis of Financial</FONT></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Condition and Results of
      Operations</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>25</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 3.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Quantitative and Qualitative Disclosures About Market
Risk</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>43</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 4.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Controls and Procedures</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>43</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=6>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>PART II.</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><B><FONT face=serif size=2>OTHER INFORMATION</FONT></B></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 1.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Legal Proceedings</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>44</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 1A.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Risk Factors</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>44</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 2.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Unregistered Sales of Equity Securities and Use of
    Proceeds</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>44</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 3.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Defaults Upon Senior Securities</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>44</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 4.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Submission of Matters to a Vote of Security Holders</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>44</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 5.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Other Information</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>44</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=2>Item 6.</FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Exhibits</FONT></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>44</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><B><FONT face=serif size=2>SIGNATURES</FONT></B></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>45</FONT></TD></TR></TABLE>
<P align=center><FONT face=serif size=2>3</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=2>PART I - FINANCIAL
INFORMATION</FONT></B></P>
<P align=justify><B><U><FONT face=serif size=2>Item 1</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Financial
Statements</FONT></U></B></P>
<P align=justify><B><FONT face=serif size=2>VISHAY INTERTECHNOLOGY, INC.
<BR></FONT></B><FONT face=serif size=2>Consolidated Condensed Balance
Sheets<BR></FONT><I><FONT face=serif size=2>(Unaudited - In
thousands)</FONT></I></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>March 28,</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>December 31,</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>2009</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><B><FONT face=serif size=2>Assets</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>(recast - see Note 1)</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Current assets:</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash
      equivalents</FONT></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>364,776</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>324,164</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable,
    net</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>274,138</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>311,197</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories:</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="9%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Finished goods</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>152,107</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>173,280</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Work in process</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>209,582</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>211,320</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Raw materials</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>142,967</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>153,419</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income
taxes</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>14,904</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>15,251</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other
      current assets</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>103,444</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>139,903</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>Total current
      assets</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>1,261,918</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>1,328,534</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Property and equipment, at cost:</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Land</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>97,550</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>98,827</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buildings and
      improvements</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>500,690</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>508,579</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Machinery and
    equipment</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>2,066,063</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>2,091,124</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction in
    progress</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>69,539</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>80,857</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for
      depreciation</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;
      (1,630,444</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,617,225</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>1,103,398</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>1,162,162</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Intangible assets, net</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>168,435</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>177,782</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Other assets</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>138,205</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>147,482</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Total assets</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>2,671,956</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%"><FONT face=serif size=2>2,815,960</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD></TR></TABLE><BR>
<P align=justify><B><I><FONT face=serif size=2>Continues on following
page.</FONT></I></B></P>
<P align=center><FONT face=serif size=2>4 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>VISHAY INTERTECHNOLOGY,
INC.<BR></FONT></B><FONT face=serif size=2>Consolidated Condensed Balance Sheets
(continued)<BR></FONT><I><FONT face=serif size=2>(Unaudited - In
thousands)</FONT></I><FONT face=serif size=2> </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>March 28,</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>December 31,</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>2009</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>(recast - see Note 1)</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><B><FONT face=serif size=2>Liabilities and equity</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>Current
      liabilities:</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="9%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes payable to
    banks</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>406</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>11,293</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts
    payable</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>78,974</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>104,608</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payroll and related
      expenses</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>108,989</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>117,197</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other accrued
    expenses</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>172,152</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>191,086</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>19,252</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>24,901</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current portion of long-term
      debt</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>27,009</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>13,044</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Total current liabilities</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>406,782</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>462,129</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Long-term debt less current portion</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>334,419</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>333,631</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>Deferred income
      taxes</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>13,040</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>18,842</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Deferred grant income</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>3,012</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>3,143</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>Other
      liabilities</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>113,451</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>123,207</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Accrued pension and other postretirement costs</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>311,528</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>325,112</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>Total
      liabilities</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>1,182,232</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>1,266,064</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Equity:</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>Vishay
      stockholders' equity</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="9%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>17,220</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>17,220</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class B convertible common
      stock</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>1,435</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>1,435</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital in excess of par
      value</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>2,316,477</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>2,315,851</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings (accumulated
      deficit)</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(894,744</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>(865,617</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulated other
      comprehensive income</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>44,341</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>75,969</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Vishay stockholders'
      equity</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>1,484,729</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>1,544,858</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Noncontrolling interests</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>4,995</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>5,038</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>Total
      equity</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>1,489,724</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>1,549,896</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Total liabilities and equity</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,671,956</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2><STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </STRONG>2,815,960</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR></TABLE>
<P align=justify><FONT face=serif></FONT><B><I><SUP><FONT face=serif>See
accompanying notes.</FONT></SUP></I></B></P>
<P align=center><FONT face=serif size=2>5 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>VISHAY INTERTECHNOLOGY,
INC.<BR></FONT></B><FONT face=serif size=2>Consolidated Condensed Statements of
Operations<BR></FONT><I><FONT face=serif size=2>(Unaudited - In thousands,
except earnings (loss) per share)</FONT></I></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD noWrap align=center width="19%" colSpan=7><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>March 28,</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>March 29,</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>(recast - see Note 1)</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Net revenues</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>449,511</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>733,313</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>Costs of products sold</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>381,487</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>560,850</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Gross profit</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>68,024</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>172,463</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Selling, general, and administrative expenses</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>87,454</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>119,063</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>Restructuring and severance costs</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>18,933</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>18,202</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Asset write-downs</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>4,195</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>Operating income (loss)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>(38,363</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>31,003</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Other income (expense):</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>(2,864</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>(12,714</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>12,883</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(198</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>10,019</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>(12,912</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Income (loss) from continuing operations before taxes</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(28,344</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>18,091</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Income taxes</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>710</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>6,173</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Income (loss) from continuing operations, net of tax</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(29,054</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>11,918</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Loss from discontinued operations, net of tax</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(42,136</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Net earnings (loss)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(29,054</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(30,218</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Less: net earnings attributable to noncontrolling
    interests</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>73</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>478</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Net earnings (loss) attributable to Vishay stockholders</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (29,127</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2><STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </STRONG>(30,696</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD width="100%" bgColor=#ffffff colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Basic earnings (loss) per share attributable to Vishay
      stockholders:*</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Continuing
operations</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>(0.16</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>0.06</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discontinued
    operations</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(0.23</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net earnings (loss)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>(0.16</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>(0.16</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Diluted earnings (loss) per share attributable to Vishay
      stockholders:*</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Continuing
operations</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>(0.16</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>0.06</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discontinued
    operations</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(0.23</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net earnings (loss)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>(0.16</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>(0.16</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Weighted average shares outstanding - basic</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>186,558</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>186,343</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Weighted average shares outstanding - diluted</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>186,558</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>186,540</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="81%" bgColor=#ffffff>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>Amounts attributable to Vishay stockholders:</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income (loss) from continuing
      operations, net of tax</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>(29,127</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>11,440</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discontinued operations, net
      of tax</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(42,136</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net earnings (loss)</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>(29,127</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%"><FONT face=serif size=2>(30,696</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR></TABLE>
<P align=justify><B><I><FONT face=serif size=2>See accompanying
notes.</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>* May not add due to rounding.
</FONT></P>
<P align=center><FONT face=serif size=2>6 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>VISHAY INTERTECHNOLOGY,
INC.<BR></FONT></B><FONT face=serif size=2>Consolidated Condensed Statements of
Cash Flows<BR></FONT><I><FONT face=serif size=2>(Unaudited - In
thousands)</FONT></I></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"></TD>
    <TD noWrap align=center width="19%" colSpan=7><B><FONT face=serif size=2>Three fiscal months ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>March 28,</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>March 29,</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>(recast - see Note 1)</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><B><FONT face=serif size=2>Continuing operating activities</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Net earnings
      (loss)</FONT></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(29,054</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>(30,218</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Adjustments to reconcile net earnings (loss) to</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; net cash provided by
      continuing operating activities:</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Loss on discontinued operations, net of tax</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>42,136</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Depreciation and amortization</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>54,571</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>54,898</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      (Gain) loss on disposal of property and equipment</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>79</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>30</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Accretion of interest on convertible notes</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>5,623</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Asset write-downs</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>4,195</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Inventory write-offs for obsolescence</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>6,376</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>6,205</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Deferred grant income</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>(209</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>(535</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Other</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(21,449</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>6,845</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Changes in operating assets and liabilities,</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="9%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      net of effects of businesses acquired</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#ffffff><B><FONT face=serif size=2>42,937</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>(50,946</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net cash provided by continuing operating activities</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>53,251</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>38,233</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="80%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="9%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><B><FONT face=serif size=2>Continuing investing activities</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Purchase of
      property and equipment</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(11,309</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>(25,829</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Proceeds from sale of property and equipment</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>308</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>415</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Other investing
      activities</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>100</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net cash used in continuing investing activities</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(11,001</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(25,314</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="80%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="9%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><B><FONT face=serif size=2>Continuing financing activities</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Principal
      payments on long-term debt and capital lease obligations</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(247</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>(326</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Proceeds of long-term debt, net of issuance costs</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>15,000</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Net changes in
      short-term borrowings</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(10,871</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>483</FONT></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Distributions to noncontrolling interests</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(116</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(359</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Proceeds from
      stock options exercised</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>16</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net cash (used in) provided by continuing financing
      activities</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>3,766</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>(186</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Effect of
      exchange rate changes on cash and cash equivalents</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>(2,404</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>19,248</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net increase in cash and cash equivalents</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif>from
      continuing activities</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>43,612</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>31,981</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="80%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net cash (used) provided by discontinued operating
    activities</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(3,000</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>3,470</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Net cash used by
      discontinued investing activities</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>(134</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net cash used by discontinued financing activities</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>-</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Net cash (used)
      provided by discontinued operations</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>(3,000</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>3,336</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net increase in cash and cash equivalents</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>40,612</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>35,317</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Cash and cash
      equivalents at beginning of period</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>324,164</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%"><FONT face=serif size=2>537,295</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Cash and cash equivalents at end of period</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364,776</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2><STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </STRONG>572,612</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR></TABLE>
<P align=justify><B><I><FONT face=serif size=2>See accompanying
notes.</FONT></I></B></P>
<P align=center><FONT face=serif size=2>7 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>VISHAY</FONT></B><B><FONT face=serif size=2> </FONT></B><B><FONT face=serif size=2>INTERTECHNOLOGY,</FONT></B><B><FONT face=serif size=2>
INC.<BR></FONT></B><FONT face=serif size=2>Consolidated</FONT><FONT face=serif size=2> </FONT><FONT face=serif size=2>Condensed</FONT><FONT face=serif size=2>
</FONT><FONT face=serif size=2>Statement</FONT><FONT face=serif size=2> of
Equity<BR></FONT><I><FONT face=serif size=2>(Unaudited</FONT></I><I><FONT face=serif size=2> - In </FONT></I><I><FONT face=serif size=2>thousands,</FONT></I><I><FONT face=serif size=2> except share
</FONT></I><I><FONT face=serif size=2>amounts)</FONT></I></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=center width="47%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Class B</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Retained</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=1>Accumulated</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Total</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="47%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Convertible</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Capital in</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Earnings</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=1>Other</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Vishay</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="47%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Common</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Common</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Excess of</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>(Accumulated</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=1>Comprehensive</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Stockholders'</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Noncontrolling</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Total</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="47%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Stock</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Stock</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Par Value</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Deficit)</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=1>Income
(Loss)</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Equity</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Interests</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1.5pt solid" noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Equity</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="47%" bgColor=#c0c0c0><FONT face=serif size=1>Balance at December 31, 2008 (recast - see Note 1)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>$</FONT></TD>
    <TD align=left width="3%" bgColor=#c0c0c0><FONT face=serif size=1>17,220</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>1,435</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>2,315,851</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>(865,617</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=1>$</FONT></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>75,969</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=1>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=1>1,544,858</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>5,038</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=1>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=1>1,549,896</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="47%"><FONT face=serif size=1>Net earnings
      (loss)</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>(29,127</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=1>)</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><B><FONT face=serif size=1>(29,127</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=1>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>73</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="4%"><B><FONT face=serif size=1>(29,054</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=1>)</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="47%" bgColor=#c0c0c0><FONT face=serif size=1>Other comprehensive income</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp; (31,628</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=1>(31,628</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=1>)</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=1>(31,628</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=1>)</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="47%"><FONT face=serif size=1>Comprehensive
      income</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><B><FONT face=serif size=1>(60,755</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><B><FONT face=serif size=1>)</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><FONT face=serif size=1>73</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><B><FONT face=serif size=1>(60,682</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><B><FONT face=serif size=1>)</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="47%" bgColor=#c0c0c0><FONT face=serif size=1>Distributions to noncontrolling interests</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=1>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>(116</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=1>(116</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=1>)</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="47%"><FONT size=1>Phantom and restricted
      stock issuances (5,000 shares)</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><B><FONT face=serif size=1>-</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><B><FONT face=serif size=1>-</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="47%" bgColor=#c0c0c0><FONT face=serif size=1>Stock compensation expense</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>626</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=1>626</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>-</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=1>626</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="47%"><FONT face=serif size=1>Balance at March
      28, 2009</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=1>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%"><FONT face=serif size=1>17,220</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=1>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT face=serif size=1>&nbsp; 1,435</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=1>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT face=serif size=1>&nbsp; 2,316,477</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=1>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT face=serif size=1>&nbsp; (894,744</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=1>)</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="1%"><FONT face=serif size=1>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><FONT face=serif size=1>&nbsp;44,341</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=1>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><B><FONT face=serif size=1>&nbsp; 1,484,729</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=1>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT face=serif size=1>4,995</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=1>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><B><FONT face=serif size=1>&nbsp; 1,489,724</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD></TR></TABLE>
<P align=justify><B><I><FONT face=serif size=2>See </FONT></I></B><B><I><FONT face=serif size=2>accompanying</FONT></I></B><B><I><FONT face=serif size=2>
notes.</FONT></I></B></P>
<P align=center><FONT face=serif size=2>8 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Vishay Intertechnology,
Inc.<BR></FONT></B><FONT face=serif size=2>Notes to Consolidated Condensed
Financial Statements<BR></FONT><I><FONT face=serif size=2>(Unaudited)</FONT></I></P>
<P align=justify><B><U><FONT face=serif size=2>Note 1 &#150; Basis of
Presentation</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>The accompanying unaudited consolidated
condensed financial statements of Vishay Intertechnology, Inc. (&#147;Vishay&#148; or the
&#147;Company&#148;) have been prepared in accordance with the instructions to Form 10-Q
and therefore do not include all information and footnotes necessary for
presentation of financial position, results of operations, and cash flows
required by accounting principles generally accepted in the United States for
complete financial statements. The information furnished reflects all normal
recurring adjustments which are, in the opinion of management, necessary for a
fair summary of the financial position, results of operations, and cash flows
for the interim periods presented. The financial statements should be read in
conjunction with the consolidated financial statements and notes thereto filed
with the Company&#146;s Annual Report on Form 10-K for the year ended December 31,
2008. The results of operations for the three fiscal months ended March 28, 2009
are not necessarily indicative of the results to be expected for the full year.
</FONT></P>
<P align=justify><FONT face=serif size=2>The Company reports interim financial
information for 13-week periods beginning on a Sunday and ending on a Saturday,
except for the first quarter, which always begins on January 1, and the fourth
quarter, which always ends on December 31. The four fiscal quarters in 2009 end
on March 28, 2009, June 27, 2009, September 26, 2009, and December 31, 2009. The
four fiscal quarters in 2008 ended on March 29, 2008, June 28, 2008, September
27, 2008, and December 31, 2008, respectively.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Retrospective Adoption of New
Accounting Standards </FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Effective January 1, 2009, Vishay
adopted two accounting standards that require retrospective adjustment to
previously issued financial statements. All prior period comparable data
presented in these consolidated condensed financial statements reflect the
retrospective adoption of these standards. </FONT></P>
<P align=justify><FONT face=serif size=2>In May 2008, the Financial Accounting
Standards Board staff issued Staff Position (&#147;FSP&#148;) APB 14-1, </FONT><I><FONT face=serif size=2>Accounting for Convertible Debt Instruments That May be
Settled in Cash upon Conversion (including partial cash
settlement).</FONT></I><FONT face=serif size=2> The guidance included in this
staff position significantly impacts the accounting for convertible bonds that
may be settled in cash. FSP APB 14-1 requires an issuer to separately account
for the liability and equity components of the instrument in a manner that
reflects the issuer&#146;s nonconvertible debt borrowing rate when interest cost is
recognized in subsequent periods. FSP APB 14-1 requires bifurcation of a
component of the debt, classification of that component in equity, and then
accretion of the resulting discount on the debt as part of the interest expense
being reflected in the statement of operations. </FONT></P>
<P align=justify><FONT face=serif size=2>The adoption of the FSP requires
retrospective application to all periods presented. Vishay adopted this FSP
effective January 1, 2009. Earlier adoption was prohibited.</FONT></P>
<P align=justify><FONT face=serif size=2>The guidance of the FSP apply only to
those instruments that will be presented in the annual financial statements for
the period of adoption, in other words, during the period January 1, 2007 to
December 31, 2009. A cumulative effect of adoption has been recorded in retained
earnings as of January 1, 2007. </FONT></P>
<P align=justify><FONT face=serif size=2>The FSP is applicable to the Company&#146;s
Convertible Subordinated Notes, due 2023. These notes were substantially all
repurchased on August 1, 2008. </FONT></P>
<P align=justify><FONT face=serif size=2>The retrospective application of FSP
APB 14-1 increased previously reported interest expense by $6.1 million, or
$0.03 per diluted share, for the first quarter of 2008. </FONT></P>
<P align=center><FONT face=serif size=2>9 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>In December 2007, the FASB issued
Statement of Financial Accounting Standards (&#147;SFAS&#148;) No. 160, </FONT><I><FONT face=serif size=2>Noncontrolling Interests in Consolidated Financial
Statements</FONT></I><FONT face=serif size=2>. SFAS No. 160 amends ARB No. 51 to
establish accounting and reporting standards for the noncontrolling interest in
a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a
noncontrolling interest in a subsidiary, which is sometimes referred to as
minority interest, is an ownership interest in the consolidated entity that
should be reported as equity in the consolidated financial statements. Among
other requirements, this statement requires consolidated net income to be
reported at amounts that include the amounts attributable to both the parent and
the noncontrolling interest. It also requires disclosure, on the face of the
consolidated income statement, of the amounts of consolidated net income
attributable to the parent and to the noncontrolling interest.</FONT></P>
<P align=justify><FONT face=serif size=2>The presentation and disclosure
requirements of SFAS No. 160 are to be applied retrospectively to all periods
presented. Vishay adopted this standard effective January 1, 2009. Earlier
adoption was prohibited.</FONT></P>
<P align=justify><FONT face=serif size=2>Concurrent with the adoption of SFAS
No. 160, the Company reclassified certain distributions to the holders of
noncontrolling interests on its consolidated statements of cash flows.
</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Other Recently Adopted Accounting
Standards </FONT></I></B></P>
<P align=justify><FONT face=serif size=2>In September 2006, the Financial
Accounting Standards Board (&#147;FASB&#148;) issued SFAS No. 157, </FONT><I><FONT face=serif size=2>Fair Value Measurements</FONT></I><FONT face=serif size=2>.
This statement defines fair value, provides guidance for measuring fair value,
and requires additional disclosures. This statement does not require any new
fair value measurements, but rather applies to all other accounting
pronouncements that require or permit fair value measurements. SFAS No. 157 was
to be effective for Vishay as of January 1, 2008. In February 2008, the FASB
issued FSP SFAS 157-2, which provided a one-year delayed
application of SFAS No. 157 for nonfinancial assets and liabilities, except for
items that are recognized or disclosed at fair value in the financial statements
on a recurring basis. Accordingly, Vishay has only partially applied SFAS No.
157 as of January 1, 2008. The partial application of this standard did not have
a material effect on the Company&#146;s financial position, results of operations, or
liquidity, and the adoption of the remaining aspects which were deferred by FSP
SFAS 157-2 did not have a material effect on the Company&#146;s financial position,
results of operations, or liquidity. </FONT></P>
<P align=justify><FONT face=serif size=2>In December 2007, the FASB issued SFAS
No. 141-R, </FONT><I><FONT face=serif size=2>Business
Combinations</FONT></I><FONT face=serif size=2>. While retaining the fundamental
requirements of SFAS No. 141, this new statement makes various modifications to
the requirements of SFAS No. 141 in regards to the accounting for contingent
consideration, preacquisition contingencies, purchased in-process research and
development, acquisition-related transaction costs, acquisition-related
restructuring costs, and changes in tax valuation allowances and tax uncertainty
accruals. Vishay adopted this standard effective January 1, 2009. Earlier
adoption was prohibited.</FONT></P>
<P align=justify><FONT face=serif size=2>In March 2008, the FASB issued SFAS No.
161, </FONT><I><FONT face=serif size=2>Disclosures about Derivative Instruments
and Hedging Activities. </FONT></I><FONT face=serif size=2>This statement will
require enhanced disclosures about an entity&#146;s derivative and hedging
activities, and therefore improves the transparency of financial reporting.
Vishay adopted this standard effective January 1, 2009. The adoption of this
standard did not have a material effect on the Company&#146;s financial position,
results of operations, or liquidity. </FONT></P>
<P align=justify><FONT face=serif size=2>In April 2008, the FASB staff issued
FSP SFAS 142-3, </FONT><I><FONT face=serif size=2>Determination of the Useful
Life of Intangible Assets. </FONT></I><FONT face=serif size=2>This guidance is
intended to improve the consistency between the useful life of a recognized
intangible asset under SFAS No. 142, and the period of expected cash flows used
to measure the fair value of the asset under SFAS No. 141-R when the underlying
arrangement includes renewal or extension of terms that would require
substantial costs or require a material modification to the asset upon renewal
or extension. Companies estimating the useful life of a recognized intangible
asset must now consider their historical experience in renewing or extending
similar arrangements or, in the absence of historical experience, must consider
assumptions that market participants would use about renewal or extension as
adjusted by SFAS No. 142&#146;s entity-specific factors. Vishay adopted this FSP
effective January 1, 2009. The adoption of this guidance did not have a material
effect on the Company&#146;s financial position, results of operations, or liquidity.
</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Reclassifications
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>In addition to changes due to the
retrospective adoption of new accounting standards described above, certain
prior period amounts have been reclassified to conform to the current financial
statement presentation. </FONT></P>
<P align=center><FONT face=serif size=2>10 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 2 &#150; Acquisition and
Divestiture Activities</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>As part of its growth strategy, the
Company seeks to expand through the acquisition of other manufacturers of
electronic components that have established positions in major markets,
reputations for product quality and reliability, and product lines with which
the Company has substantial marketing and technical expertise. </FONT></P>
<P align=justify><FONT face=serif size=2>In the current uncertain economic
conditions, the Company is not actively pursuing acquisitions, but will consider
special opportunities should they arise. </FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Sale of Automotive Modules and
Subsystems Business </FONT></I></B></P>
<P align=justify><FONT face=serif size=2>On April 7, 2008, Vishay sold the
automotive modules and subsystems business unit (&#147;ASBU&#148;) to a private equity
firm. ASBU was originally acquired by Vishay as part of the April 1, 2007
acquisition of International Rectifier&#146;s Power Control Systems (&#147;PCS&#148;) business.
Vishay determined that ASBU would not satisfactorily complement Vishay&#146;s
operations.</FONT></P>
<P align=justify><FONT face=serif size=2>During Vishay&#146;s period of ownership of
ASBU, the assets and liabilities of ASBU were separately reported in the
consolidated condensed balance sheet as &#147;assets held for sale&#148; and &#147;liabilities
related to assets held for sale.&#148; Long-lived assets held for sale were not
depreciated or amortized. The Company allocated no goodwill to ASBU in the
purchase accounting for the PCS business. </FONT></P>
<P align=justify><FONT face=serif size=2>Financial results of discontinued
operations for the fiscal quarter ended March 29, 2008 and year ended December
31, 2008 are as follows </FONT><I><FONT face=serif size=2>(in
thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="79%">&nbsp; </TD>
    <TD noWrap align=center width="9%" colSpan=3><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B> </TD>
    <TD noWrap align=center width="3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="9%" colSpan=3><B><FONT face=serif size=2>Year ended</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%" colSpan=3><B><FONT face=serif size=2>March 29, 2008</FONT></B> </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%" colSpan=3><B><FONT face=serif size=2>December 31, 2008</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0><FONT face=serif size=2>Net revenues</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT face=serif size=2>$<FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>10,995</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>10,995</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0><FONT face=serif size=2>Loss before income taxes</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>(38,224</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>(43,345</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%"><FONT face=serif size=2>Tax expense
      (benefit)</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><FONT face=serif size=2>3,912</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="3%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><FONT face=serif size=2>4,481</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0><FONT face=serif size=2>Loss from discontinued operations, net of tax</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="5%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>(42,136</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="5%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>(47,826</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT> </TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>The loss before income taxes for the
fiscal quarter ended March 29, 2008 includes an impairment charge of $32.3
million to reduce the carrying value of the net assets held for sale to the
proceeds received on April 7, 2008. The selling price for ASBU was subject to a
net working capital adjustment. </FONT></P>
<P align=justify><FONT face=serif size=2>The Company retained responsibility for
the collection of certain customer accounts receivable on behalf of the buyer.
These amounts were remitted to the buyer upon collection. The Company also
retained responsibility for certain severance costs and lease termination costs
associated with ASBU.</FONT></P>
<P align=justify><FONT face=serif size=2>The Company recorded an additional
after tax loss of $5.7 million during the fourth quarter of 2008 subsequent to
the resolution of a net working capital adjustment and the resolution of certain
disputes with the buyer. A portion of this amount was paid during the first
quarter of 2009 and reflected on the accompanying consolidated condensed
statement of cash flows as cash flow from discontinued operations. </FONT></P>
<P align=center><FONT face=serif size=2>11 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 3 &#150; Restructuring and
Severance Costs and Related Asset Write-Downs</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>Restructuring and severance costs
reflect the cost reduction programs currently being implemented by the Company.
These include the closing of facilities and the termination of employees.
Restructuring and severance costs include onetime exit costs recognized pursuant
to SFAS No. 146, </FONT><I><FONT face=serif size=2>Accounting for Costs
Associated with Exit or Disposal Activities</FONT></I><FONT face=serif size=2>,
severance benefits pursuant to an on-going benefit arrangement recognized
pursuant to SFAS No. 112, </FONT><I><FONT face=serif size=2>Employers&#146;
Accounting for Postemployment Benefits, </FONT></I><FONT face=serif size=2>and
related pension curtailment and settlement charges recognized pursuant to SFAS
No. 88, </FONT><I><FONT face=serif size=2>Employers&#146; Accounting for Settlements
and Curtailments of Defined Benefit Pension Plans and for Termination Benefits.
</FONT></I><B><I><FONT face=serif size=2></FONT></I></B><FONT face=serif size=2>Severance costs also include executive severance and charges for the fair
value of stock options of certain former employees which were modified such that
they did not expire at termination. Restructuring costs are expensed during the
period in which the Company determines it will incur those costs and all
requirements of accrual are met. Because these costs are recorded based upon
estimates, actual expenditures for the restructuring activities may differ from
the initially recorded costs. If the initial estimates are too low or too high,
the Company could be required either to record additional expenses in future
periods or to reverse part of the previously recorded charges. Asset write-downs
are principally related to buildings and equipment that will not be used
subsequent to the completion of restructuring plans presently being implemented,
and cannot be sold for amounts in excess of carrying value.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>First Quarter 2009
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>The Company recorded restructuring and
severance costs of $18,933,000 for the first quarter of 2009. Employee
termination costs were $17,687,000, covering technical, production,
administrative, and support employees in nearly every country in which the
Company operates. Severance costs include pension settlement charges of $805,000
for employees in the Republic of China (Taiwan). The Company also incurred
$1,246,000 of other exit costs during the quarter, principally lease termination
costs related to facility closures. The restructuring and severance costs were
incurred primarily in response to the declining business conditions experienced
in the second half of 2008 and first quarter of 2009.</FONT></P>
<P align=justify><FONT face=serif size=2>The following table summarizes activity
to date related to restructuring programs initiated in 2009</FONT><I><FONT face=serif size=2> (in thousands, except for number of
employees):</FONT></I></P>
<P align=justify>
<TABLE cellSpacing=0 cellPadding=0 width="90%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="58%">&nbsp; </TD>
    <TD noWrap align=center width="7%" colSpan=3>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="7%" colSpan=3>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="7%" colSpan=3>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="6%" colSpan=2><B><FONT face=serif size=2>Employees</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%">&nbsp; </TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>Severance</FONT></B> </TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>Other</FONT></B> </TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="7%" colSpan=3>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="6%" colSpan=2><B><FONT face=serif size=2>to
      be</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>Costs</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%">&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>Exit Costs</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%">&nbsp; &nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>Total</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=2><B><FONT face=serif size=2>Terminated</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0><FONT face=serif size=2>Restructuring and severance costs</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>17,687</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>1,246</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>18,933</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>2,392</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%"><FONT face=serif size=2>Utilized</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(4,335</FONT></B> </TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(168</FONT></B> </TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="5%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(4,503</FONT></B> </TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B>&nbsp; </TD>
    <TD noWrap align=right width="5%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(1,649</FONT></B> </TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0><FONT face=serif size=2>Foreign currency translation</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>285</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>1</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>286</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%"><FONT face=serif size=2>Balance at March
      28, 2009</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>13,637</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>1,079</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>14,716</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>743</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD></TR></TABLE>
<P align=justify><B><I><FONT face=serif size=2>First Quarter 2008
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>The Company recorded restructuring and
severance costs of $18,202,000 for the first quarter of 2008. Employee
termination costs were $16,284,000, covering 517 technical, production,
administrative, and support employees located in Austria, Brazil, Belgium, the
People&#146;s Republic of China, France, Germany, Hungary, and the United States. The
Company also incurred $1,918,000 of other exit costs during the quarter,
principally related to the closure of a facility in Brazil. The restructuring
and severance costs were incurred as part of the continuing cost reduction
programs currently being implemented by the Company.</FONT></P>
<P align=justify><FONT face=serif size=2>As a result of the decision to close
its facility in Brazil, the Company completed a long-lived asset impairment
analysis during the first quarter of 2008 and determined that various fixed
assets and intangible assets were impaired. The Company recorded fixed asset
write-downs of $3,419,000 and intangible asset write-downs of
$776,000.</FONT></P>
<P align=center><FONT face=serif size=2>12 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><I><FONT face=serif size=2>Year Ended December 31, 2008
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>The Company recorded restructuring and
severance costs of $62,537,000 for the year ended December 31, 2008. Employee
termination costs were $58,601,000, covering technical, production,
administrative, and support employees located in nearly every country in which
the Company operates. Through the first nine months of 2008, these restructuring
activities were part of the Company&#146;s on-going cost reduction initiatives. The
significant increase in restructuring activities during the fourth quarter of
2008 was substantially attributable to the declining business conditions
experienced in the second half of 2008. Severance costs for the year ended
December 31, 2008 also include executive severance and a pension settlement
charge of $2,894,000 related to employees in the Republic of China (Taiwan). The
Company also incurred $3,936,000 of other exit costs, principally related to the
closures of facilities in Brazil and Germany. The restructuring and severance
costs were incurred as part of the continuing cost reduction programs currently
being implemented by the Company. </FONT></P>
<P align=justify><FONT face=serif size=2>As a result of the decision to close
its facility in Brazil, the Company completed a long-lived asset impairment
analysis during the first quarter of 2008 and determined that various fixed
assets and intangible assets were impaired. The Company recorded fixed asset
write-downs of $3,419,000 and intangible asset write-downs of $776,000. During
the fourth quarter of 2008, the Company also recorded asset write-downs of
$878,000 to reduce the carrying value of buildings. The buildings had been
vacated as part of restructuring activities. These buildings are held-for-sale
and classified as &#147;other assets&#148; at December 31, 2008. </FONT></P>
<P align=justify><FONT face=serif size=2>Also during the year ended December 31,
2008, the Company sold land and buildings that had been vacated as part of its
restructuring programs and recognized a gain of $4,510,000, which is recorded
within selling, general, and administrative expenses. </FONT></P>
<P align=justify><FONT face=serif size=2>The following table summarizes activity
to date related to restructuring programs initiated in 2008</FONT><I><FONT face=serif size=2> (in thousands, except for number of
employees):</FONT></I><FONT face=serif size=2> </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="90%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=3>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=3>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=2>Employees</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Severance</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Other</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=3>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=2>to
      be</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Costs</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Exit Costs</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Total</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=2>Terminated</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Restructuring and severance costs</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$<FONT style="BACKGROUND-COLOR: #c0c0c0" size=3>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>58,601</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>3,936</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>62,537</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>3,245</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"><FONT face=serif size=2>Utilized</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>(32,774</FONT>
    </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT>&nbsp;
</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>(2,826</FONT>
</TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT>&nbsp;
</TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>(35,600</FONT>
    </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT>&nbsp;
</TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>(1,707</FONT>
</TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Foreign currency translation</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>(1,055</FONT>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>)</FONT>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>(478</FONT>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>)</FONT>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>(1,533</FONT>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>)</FONT>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"><FONT face=serif size=2>Balance at
      December 31, 2008</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT>&nbsp;
</TD>
    <TD noWrap align=right width="3%"><FONT size=+0><FONT face=serif size=2>24,772</FONT> </FONT></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%"><FONT size=+0><FONT face=serif size=2>$</FONT>&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%"><FONT size=+0><FONT face=serif size=2>632</FONT> </FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%"><FONT size=+0><FONT face=serif size=2>$</FONT>&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%"><FONT size=+0><FONT face=serif size=2>25,404</FONT> </FONT></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT size=+0><FONT face=serif size=2>1,538</FONT> </FONT></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Utilized</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(11,011</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(276</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(11,287</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(424</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"><FONT face=serif size=2>Foreign currency
      translation</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><FONT size=+0><B><FONT face=serif size=2>(694</FONT></B>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT size=+0>&nbsp;&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><FONT size=+0><B><FONT face=serif size=2>(9</FONT></B>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT size=+0>&nbsp;</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><FONT size=+0><B><FONT face=serif size=2>(703</FONT></B>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="3%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT size=+0>&nbsp;&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Balance at March 28, 2009</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>13,067</FONT></B>
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp; &nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>347</FONT></B>
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>13,414</FONT></B>
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>1,114</FONT></B>
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
&nbsp;</FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Most of the accrued restructuring
liability, currently shown in other accrued expenses, is expected to be paid by
December 31, 2009. The payment terms related to these restructuring programs
varies, usually based on local customs and laws. Most severance amounts are paid
in a lump sum at termination, while some payments are structured to be paid in
installments.</FONT></P>
<P align=center><FONT face=serif size=2>13 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 4 &#150; Income
Taxes</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>The provision for income taxes consists
of provisions for federal, state, and foreign income taxes. The effective tax
rates for the periods ended March 28, 2009 and March 29, 2008 reflect the
Company&#146;s expected tax rate on reported income from continuing operations before
income tax and tax adjustments. The Company operates in an international
environment with significant operations in various locations outside the United
States. Accordingly, the consolidated income tax rate is a composite rate
reflecting the Company&#146;s earnings and the applicable tax rates in the various
locations where the Company operates. </FONT></P>
<P align=justify><FONT face=serif size=2>During the three fiscal months ended
March 28, 2009, the liabilities for unrecognized tax benefits decreased by a net
$1.0 million, principally due to foreign currency effects. </FONT></P>
<P align=center><FONT face=serif size=2>14 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 5 &#150; Long-Term
Debt</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><B><I><FONT face=serif size=2>Israel Bank Loan
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>During the first quarter of 2009, a
subsidiary of the Company in Israel entered into a new bank loan. The principal
amount of the bank loan is $15 million. The loan bears interest at LIBOR plus
3.45%. Future maturities are as follows </FONT><I><FONT face=serif size=2>(in
thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="20%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="96%" bgColor=#c0c0c0><FONT face=serif size=2>2010</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>1,500</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="96%"><FONT face=serif size=2>2011</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>1,500</FONT>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="96%" bgColor=#c0c0c0><FONT face=serif size=2>2012</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>3,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="96%"><FONT face=serif size=2>2013</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>4,500</FONT>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="96%" bgColor=#c0c0c0><FONT face=serif size=2>2014</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>4,500</FONT> </TD></TR></TABLE><BR>
<P align=justify><B><I><FONT face=serif size=2>Credit Facility
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>The Company maintains a credit facility
with a consortium of banks led by Comerica Bank as administrative agent. The
credit facility consists of: </FONT></P>
<UL style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">
  <LI><FONT face=serif size=2>a revolving credit commitment of up to $250
  million available through April 20, 2012, and</FONT>
  <LI><FONT size=2>a term loan with original principal amount of $125 million
  payable through 2011.</FONT></LI></UL>
<P align=justify><FONT face=serif size=2>The borrowings under the amended credit
facility are secured by pledges of stock in certain significant subsidiaries and
certain guarantees by significant subsidiaries. The subsidiaries would be
required to perform under the guarantees in the event that the Company failed to
make principal or interest payments under the credit facility. Certain of the
Company&#146;s subsidiaries are permitted to borrow under the credit facility. Any
borrowings by these subsidiaries under the credit facility are guaranteed by the
Company.</FONT></P>
<P align=justify><FONT face=serif size=2>Interest on the revolving credit
commitment is payable at prime or other variable interest rate options.
Borrowings currently outstanding on the revolving credit facility, based on
current leverage ratios, bear interest at LIBOR plus 1.00%. The Company is also
required to pay facility commitment fees. The borrowings under the term loan,
based on current leverage ratios, bear interest at LIBOR plus 2.50%. Based on
expected financial results over the next several quarters, the Company expects
its leverage ratio to increase, which would result in an increase to the
variable rate of interest paid on outstanding borrowings under the existing
credit facility. </FONT></P>
<P align=justify><FONT face=serif size=2>The credit facility requires the
Company to comply with other covenants, including the maintenance of specific
financial ratios. The Company was in compliance with all covenants at March 28,
2009, and expects to continue to be in compliance based on current projections.
The Company also has mechanisms, including deferral of capital expenditures and
other discretionary spending, to facilitate on-going compliance. However, in the
current economic environment, there is a reasonable possibility that the Company
could fail certain financial covenants, particularly the fixed charge coverage
ratio covenant, at future measurement dates. </FONT></P>
<P align=justify><FONT face=serif size=2>If the Company is not in compliance
with all of the required financial covenants, the credit facility could be
terminated by the lenders, and all amounts outstanding pursuant to the credit
facility (including the term loan) could become immediately payable.
Additionally, the Company&#146;s Exchangeable Notes due 2102 have cross-default
provisions that could accelerate repayment in the event of continuing
non-compliance with the credit facility covenants. </FONT></P>
<P align=center><FONT face=serif size=2>15 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 6 &#150; Comprehensive Income
(Loss)</FONT></U></B></P>
<P align=justify><FONT face=serif size=2>Comprehensive income (loss) includes
the following components </FONT><I><FONT face=serif size=2>(in
thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="80%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="20%" colSpan=7><FONT size=+0><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>March 28,
      2009</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>March 29,
      2008</FONT></B> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net earnings (loss)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(29,054</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>(30,218</FONT> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>)</FONT>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Other
      comprehensive income (loss):</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="5%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0>&nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>Foreign currency translation</FONT>&nbsp;
</TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>adjustment</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(34,702</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>80,603</FONT> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Unrealized gain (loss) on available</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>for sale securities</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#ffffff><FONT size=+0><B><FONT face=serif size=2>(243</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#ffffff><FONT size=+0><FONT face=serif size=2>(217</FONT> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0><FONT face=serif size=2>)</FONT>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Pension and other postretirement</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>adjustments</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>3,317</FONT></B>
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>1,450</FONT>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff><FONT face=serif size=2>Total other comprehensive income (loss)</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#ffffff><FONT size=+0>&nbsp;&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#ffffff><FONT size=+0><B><FONT face=serif size=2>(31,628</FONT></B> </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#ffffff><FONT size=+0>&nbsp;&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#ffffff><FONT size=+0><FONT face=serif size=2>81,836</FONT>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0>&nbsp;&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Comprehensive income (loss)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(60,682</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>$</FONT>&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>51,618</FONT> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff><FONT face=serif size=2>Less: Comprehensive income (loss)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="3%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#ffffff>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>attributable to noncontrolling interets</FONT>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#ffffff><FONT size=+0><B><FONT face=serif size=2>73</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="5%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#ffffff><FONT size=+0><FONT face=serif size=2>478</FONT> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT size=+0>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Comprehensive income (loss) attributable</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0>&nbsp;&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>to
      Vishay stockholders</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(60,755</FONT></B> </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="5%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>$</FONT>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>51,140</FONT>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp; </FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Other comprehensive income (loss)
includes Vishay&#146;s proportionate share of other comprehensive income (loss) of
nonconsolidated subsidiaries accounted for under the equity method. </FONT></P>
<P align=center><FONT face=serif size=2>16 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 7 &#150; Pensions and Other
Postretirement Benefits</FONT></U></B><B><FONT face=serif size=2>
</FONT></B></P>
<P align=justify><FONT face=serif size=2>The Company maintains various
retirement benefit plans. </FONT></P>
<P align=justify><FONT face=serif size=2>The following table shows the
components of the net periodic pension cost for the first quarters of 2009 and
2008 for the Company&#146;s defined benefit pension plans </FONT><I><FONT face=serif size=2>(in thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="74%">&nbsp; </TD>
    <TD noWrap align=center width="12%" colSpan=7><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="12%" colSpan=7><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%">&nbsp; </TD>
    <TD noWrap align=center width="12%" colSpan=7><B><FONT face=serif size=2>March 28, 2009</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="12%" colSpan=7><B><FONT face=serif size=2>March 29, 2008</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>U.S.</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Non-U.S.</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>U.S.</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Non-U.S.</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Plans</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Plans</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Plans</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Plans</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%" bgColor=#c0c0c0><FONT face=serif size=2>Net service cost</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><B><FONT face=serif size=2>757</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,167</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,160</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%"><FONT face=serif size=2>Interest
      cost</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><B><FONT face=serif size=2>4,129</FONT></B> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><B><FONT face=serif size=2>2,649</FONT></B> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>4,163</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>3,277</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%" bgColor=#c0c0c0><FONT face=serif size=2>Expected return on plan assets</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><B><FONT face=serif size=2>(3,670</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><B><FONT face=serif size=2>(420</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>(5,224</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>(680</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%"><FONT face=serif size=2>Amortization of
      prior service credit</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><B><FONT face=serif size=2>(44</FONT></B> </TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><B><FONT face=serif size=2>-</FONT></B>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>(42</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT>&nbsp;
</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%" bgColor=#c0c0c0><FONT face=serif size=2>Amortization of losses</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><B><FONT face=serif size=2>2,969</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><B><FONT face=serif size=2>16</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>466</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>864</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%"><FONT face=serif size=2>Curtailments and
      settlements</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><B><FONT face=serif size=2>-</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><B><FONT face=serif size=2>805</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><FONT face=serif size=2>-</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%"><FONT face=serif size=2>-</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="74%" bgColor=#c0c0c0><FONT face=serif size=2>Net periodic benefit cost</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><B><FONT face=serif size=2>3,384</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><B><FONT face=serif size=2>3,807</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>530</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>4,621</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>The following table shows the
components of the net periodic benefit cost for the first quarters of 2009 and
2008 for the Company&#146;s other postretirement benefit plans </FONT><I><FONT face=serif size=2>(in thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="73%">&nbsp; </TD>
    <TD noWrap align=center width="12%" colSpan=6><FONT size=+0><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="12%" colSpan=6><FONT size=+0><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%">&nbsp; </TD>
    <TD noWrap align=center width="12%" colSpan=6><FONT size=+0><B><FONT face=serif size=2>March 28, 2009</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="12%" colSpan=6><FONT size=+0><B><FONT face=serif size=2>March 29, 2008</FONT></B> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>U.S.</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><FONT size=+0><B><FONT face=serif size=2>Non-U.S.</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>U.S.</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><FONT size=+0><B><FONT face=serif size=2>Non-U.S.</FONT></B> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>Plans</FONT></B>
    </FONT></TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><FONT size=+0><B><FONT face=serif size=2>Plans</FONT></B>&nbsp;</FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>Plans</FONT></B>
    </FONT></TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><FONT size=+0><B><FONT face=serif size=2>Plans</FONT></B>
    </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%" bgColor=#c0c0c0><FONT face=serif size=2>Service cost</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>42</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>78</FONT></B> </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>54</FONT> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>99</FONT> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%"><FONT face=serif size=2>Interest
      cost</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT size=+0><B><FONT face=serif size=2>201</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=right width="4%"><FONT size=+0><B><FONT face=serif size=2>93</FONT></B> </FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT size=+0><FONT face=serif size=2>275</FONT> </FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT size=+0><FONT face=serif size=2>103</FONT> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%" bgColor=#c0c0c0><FONT face=serif size=2>Amortization of prior service (credit) cost</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(75</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>-</FONT></B> </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>48</FONT> </FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>-</FONT> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%"><FONT face=serif size=2>Amortization of
      transition obligation</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%"><FONT size=+0><B><FONT face=serif size=2>19</FONT></B> </FONT></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=right width="4%"><FONT size=+0><B><FONT face=serif size=2>-</FONT></B> </FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%"><FONT size=+0><FONT face=serif size=2>19</FONT> </FONT></TD>
    <TD noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT size=+0><FONT face=serif size=2>-</FONT> </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%" bgColor=#c0c0c0><FONT face=serif size=2>Amortization of gains</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>(70</FONT></B>
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>-</FONT></B>
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>(157</FONT>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>)</FONT>&nbsp;
      </FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>-</FONT>
  </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%"><FONT face=serif size=2>Net periodic
      benefit cost</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%"><FONT size=+0><B><FONT face=serif size=2>117</FONT></B>
    </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0><B><FONT face=serif size=2>$</FONT></B>&nbsp;
      </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT size=+0><B><FONT face=serif size=2>171</FONT></B>
    </FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0><FONT face=serif size=2>$</FONT>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%"><FONT size=+0><FONT face=serif size=2>239</FONT> </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0>&nbsp; </FONT></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0><FONT face=serif size=2>$</FONT> </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT size=+0><FONT face=serif size=2>202</FONT>
  </FONT></TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>17 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 8 &#150; Stock-Based
Compensation</FONT></U></B></P>
<P align=justify><FONT face=serif size=2>The Company has various
stockholder-approved programs which allow for the grant of share-based
compensation to officers, employees, and non-employee directors.</FONT></P>
<P align=justify><FONT face=serif size=2>The amount of compensation cost related
to share-based payment transactions is measured based on the grant-date fair
value of the equity instruments issued. The fair value of each option award is
estimated on the date of grant using the Black-Scholes option-pricing model. The
Company determines compensation cost for restricted stock units (&#147;RSUs&#148;), phantom stock units, and
restricted stock based on the grant-date fair value of the underlying common
stock. Compensation cost is recognized over the period that an officer,
employee, or non-employee director provides service in exchange for the award.
</FONT></P>
<P align=justify><FONT face=serif size=2>The following table summarizes
share-based compensation expense recognized </FONT><I><FONT face=serif size=2>(in thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="60%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD noWrap align=center width="12%" colSpan=5><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>March 28, 2009</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>March 29, 2008</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Stock options</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>281</FONT></B> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>494</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Restricted stock
      units</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"><B><FONT face=serif size=2>271</FONT></B> </TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>-</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Phantom stock units</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>74</FONT></B> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>286</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Restricted
      stock</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><B><FONT face=serif size=2>-</FONT></B> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><FONT face=serif size=2>10</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Total</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>626</FONT></B> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>790</FONT>
</TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>The following table summarizes
unrecognized compensation cost and the weighted average remaining amortization
periods at March 28, 2009 </FONT><I><FONT face=serif size=2>(dollars in
thousands, amortization periods in years)</FONT></I><FONT face=serif size=2>:
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="60%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="83%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=2>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="10%"><B><FONT face=serif size=2>Weighted
      Average</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Unrecognized</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="10%"><B><FONT face=serif size=2>Remaining</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Compensation</FONT></B>&nbsp;</TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="10%"><B><FONT face=serif size=2>Amortization</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Cost</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="10%"><B><FONT face=serif size=2>Periods</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0><FONT face=serif size=2>Stock options</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>2,016</FONT></B> </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>4.7</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%"><FONT face=serif size=2>Restricted stock
      units</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"><B><FONT face=serif size=2>1,010</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="10%"><B><FONT face=serif size=2>1.6</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0><FONT face=serif size=2>Phantom stock units</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>0.0</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%"><FONT face=serif size=2>Total</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><B><FONT face=serif size=2>3,026</FONT></B> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="10%">&nbsp; </TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>18 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><I><FONT face=serif size=2>2007 Stock Incentive Plan
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>The Company&#146;s 2007 Stock Incentive
Program (the &#147;2007 Program&#148;) permits the grant of up to 3,000,000 shares of
restricted stock, unrestricted stock, RSUs, and stock
options, to officers, employees, and non-employee directors. Such instruments
are available for grant until May 22, 2017.</FONT></P>
<P align=justify><FONT face=serif size=2>The 2007 Program was originally
approved by stockholders of the Company on May 22, 2007, as the &#147;2007 Stock
Option Program.&#148; On May 28, 2008, the Company&#146;s stockholders approved amendments
to the 2007 Stock Option Program, which was then renamed the &#147;2007 Stock
Incentive Program.&#148; </FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Other Stock Option
Programs</FONT></I></B><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>In addition to stock options
outstanding pursuant to the 2007 Program, the Company has stock options
outstanding under previous stockholder-approved stock option programs. These
programs are more fully described in Note 12 to our consolidated financial
statements included in our Annual Report on Form 10-K. No additional options may
be granted pursuant to these programs. </FONT></P>
<P align=justify><FONT face=serif size=2>Option activity under the stock option
plans as of March 28, 2009 and changes during the three fiscal months then ended
are presented below </FONT><I><FONT face=serif size=2>(number of options in
thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="67%">&nbsp; </TD>
    <TD noWrap align=left width="10%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="10%" colSpan=2>&nbsp; &nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="9%"><B><FONT face=serif size=2>Weighted</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%">&nbsp; </TD>
    <TD noWrap align=left width="10%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=center width="10%" colSpan=2><B><FONT face=serif size=2>Weighted</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="9%"><B><FONT face=serif size=2>Average</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%">&nbsp; </TD>
    <TD noWrap align=center width="10%" colSpan=2><B><FONT face=serif size=2>Number</FONT></B> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=center width="10%" colSpan=2><B><FONT face=serif size=2>Average</FONT></B> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="9%"><B><FONT face=serif size=2>Remaining</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%">&nbsp; </TD>
    <TD noWrap align=center width="10%" colSpan=2><B><FONT face=serif size=2>of</FONT></B> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=center width="10%" colSpan=2><B><FONT face=serif size=2>Exercise</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="9%"><B><FONT face=serif size=2>Contractual</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="10%" colSpan=2><B><FONT face=serif size=2>Options</FONT></B> </TD>
    <TD noWrap align=left width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="10%" colSpan=2><B><FONT face=serif size=2>Price</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%"><B><FONT face=serif size=2>Life (Years)</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><B><FONT face=serif size=2>Outstanding:</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="8%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><FONT face=serif size=2>December 31,
      2008</FONT>&nbsp; </TD>
    <TD noWrap align=right width="9%"><B><FONT face=serif size=2>3,904</FONT></B> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=left width="2%"><B><FONT face=serif size=2>$</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=right width="8%"><B><FONT face=serif size=2>18.55</FONT></B> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="9%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=serif size=2>Granted</FONT>&nbsp; </TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="8%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><FONT face=serif size=2>Exercised</FONT>&nbsp; </TD>
    <TD noWrap align=right width="9%"><B><FONT face=serif size=2>-</FONT></B>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=right width="8%"><B><FONT face=serif size=2>-</FONT></B>
    </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="9%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=serif size=2>Cancelled</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="9%" bgColor=#c0c0c0><B><FONT face=serif size=2>(32</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%" bgColor=#c0c0c0><B><FONT face=serif size=2>18.98</FONT></B> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="9%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><B><FONT face=serif size=2>Outstanding
      at March 28, 2009</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%"><B><FONT face=serif size=2>3,872</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="2%"><B><FONT face=serif size=2>$</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="8%"><B><FONT face=serif size=2>18.55</FONT></B> </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%"><B><FONT face=serif size=2>2.29</FONT></B> </TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><B><FONT face=serif size=2>Vested and expected to vest</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="8%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0>&nbsp; &nbsp;
      &nbsp;<B><FONT face=serif size=2>at March 28, 2009</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%" bgColor=#c0c0c0><B><FONT face=serif size=2>3,872</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="2%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="8%" bgColor=#c0c0c0><B><FONT face=serif size=2>18.55</FONT></B> </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%" bgColor=#c0c0c0><B><FONT face=serif size=2>2.29</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><B><FONT face=serif size=2>Exercisable
      at March 28, 2009</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%"><B><FONT face=serif size=2>3,438</FONT></B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="2%"><B><FONT face=serif size=2>$</FONT></B>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="8%"><B><FONT face=serif size=2>18.82</FONT></B> </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="9%"><B><FONT face=serif size=2>1.61</FONT></B>
</TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>During the three fiscal months ended
March 28, 2009, 13,000 options vested. At March 28, 2009, there are 434,000
unvested options outstanding, with a weighted average grant-date fair value of
$9.80 per option. </FONT></P>
<P align=justify><FONT face=serif size=2>The pretax aggregate intrinsic value
(the difference between the closing stock price on the last trading day of the
first fiscal quarter of 2009 of $3.56 per share and the exercise price,
multiplied by the number of in-the-money options) that would have been received
by the option holders had all option holders exercised their options on March
28, 2009 is zero, because all outstanding options have exercise prices in excess
of market value. This amount changes based on changes in the market value of the
Company&#146;s common stock. No options were exercised during the three fiscal months
ended March 28, 2009. </FONT></P>
<P align=center><FONT face=serif size=2>19 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><I><FONT face=serif size=2>Restricted Stock
Units</FONT></I></B><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>RSU activity under the stock incentive
plan as of March 28, 2009 and changes during the three fiscal months then ended
are presented below </FONT><I><FONT face=serif size=2>(number of RSUs in
thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Grant</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><B><FONT face=serif size=2>Number</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>date</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><STRONG><FONT size=2>of</FONT></STRONG>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>fair value</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><STRONG><FONT size=2>RSUs</FONT></STRONG></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>per unit</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><B><FONT face=serif size=2>Outstanding:</FONT></B></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=serif size=2>December 31,
      2008</FONT></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>197</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><FONT face=serif size=2>Granted</FONT></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=serif size=2>Exercised</FONT></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><FONT face=serif size=2>Cancelled</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><B><FONT face=serif size=2>Outstanding
      at March 28, 2009</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>197</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%">&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=5>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><B><FONT face=serif size=2>Expected to vest at March 28, 2009</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>197</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp;
</TD></TR></TABLE><BR>
<P align=justify><B><I><FONT face=serif size=2>Phantom Stock Plan
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>The Company maintains a phantom stock
plan for certain senior executives. The Phantom Stock Plan authorizes the grant
of up to 300,000 phantom stock units to the extent provided for in employment
agreements with the Company. At January 1, 2009, the Company had such employment
arrangements with four of its executives. The arrangements provide for an annual
grant of 5,000 shares of phantom stock to each of these executives on the first
trading day of the year. If the Company later enters into other employment
arrangements with other individuals that provide for the granting of phantom
stock, those individuals also will be eligible for grants under the Phantom
Stock Plan. No grants may be made under the Phantom Stock Plan other than under
the terms of employment arrangements with the Company. Each phantom stock unit
entitles the recipient to receive a share of common stock at the individual&#146;s
termination of employment or any other future date specified in the employment
agreement. The phantom stock units are fully vested at all times. </FONT></P>
<P align=justify><FONT face=serif size=2>Phantom stock units activity under the
stock incentive plan as of March 28, 2009 and changes during the three fiscal
months then ended are presented below </FONT><I><FONT face=serif size=2>(number
of phantom stock units in thousands)</FONT></I><FONT face=serif size=2>:
</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Grant</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><B><FONT face=serif size=2>Number</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>date</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><STRONG><FONT size=2>of</FONT></STRONG>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>fair value</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><STRONG><FONT size=2>RSUs</FONT></STRONG></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>per unit</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><B><FONT face=serif size=2>Outstanding:</FONT></B></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=serif size=2>December 31,
      2008</FONT></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>100</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><FONT face=serif size=2>Granted</FONT></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>20</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>3.70</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=serif size=2>Redeemed
      for</FONT></TD>
    <TD noWrap align=left width="5%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; common stock</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><B><FONT face=serif size=2>Outstanding at March 28, 2009</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>120</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp;
</TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>20 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 9 &#150; Segment
Information</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>Vishay operates in two reportable
segments, Semiconductors and Passive Components. Semiconductors segment products
include transistors, diodes, rectifiers, certain types of integrated circuits,
and optoelectronic products. Passive Components segment products include
resistors, capacitors, and inductors. We include in the Passive Components
segment our Measurements Group, which manufactures and markets strain gages,
load cells, transducers, instruments, and weighing systems whose core components
are resistors that are sensitive to various types of mechanical stress.
</FONT></P>
<P align=justify><FONT face=serif size=2>The Company evaluates business segment
performance on operating income, exclusive of certain items (&#147;segment operating
income&#148;). Management believes that evaluating segment performance excluding
items such as restructuring and severance costs, asset write-downs, inventory
write-downs, gains or losses on purchase commitments, contract termination
charges, charges for in-process research and development, and other items is
meaningful because it provides insight with respect to intrinsic operating
results of the Company. These items, and unallocated corporate expenses,
represent reconciling items between segment operating income and consolidated
operating income. Business segment assets are the owned or allocated assets used
by each business. The following table sets forth business segment information
</FONT><I><FONT face=serif size=2>(in thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=center width="13%" colSpan=7><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><B><FONT face=serif size=2>Net revenues:</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><I><FONT face=serif size=2><U>Semiconductors</U></FONT></I> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Product sales</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2><STRONG>$</STRONG></FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2><STRONG>198,925</STRONG></FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>386,062</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royalty revenues</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><B><FONT face=serif size=2>70</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><FONT face=serif size=2>1,718</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Total Semiconductors</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>198,995</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>387,780</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><I><FONT face=serif size=2><U>Passive
      Components</U></FONT></I> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Product sales</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>248,436</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>345,533</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royalty revenues</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><B><FONT face=serif size=2>2,080</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><FONT face=serif size=2>-</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif>Total Passive Components</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>250,516</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>345,533</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0><B><FONT face=serif size=2>$</FONT></B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT size=+0><B><FONT face=serif size=2>449,511</FONT></B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0><FONT face=serif size=2>$</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT size=+0><FONT face=serif size=2>733,313</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><B><FONT face=serif size=2>Segment operating income:</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><FONT face=serif size=2>Semiconductors</FONT></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="4%"><B><FONT face=serif size=2>(20,372</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>36,911</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT face=serif size=2>Passive Components</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>6,623</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>23,739</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><FONT face=serif size=2>Corporate</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"><B><FONT face=serif size=2>(5,681</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>(7,250</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT face=serif size=2>Restructuring and severance costs</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;
      (18,933</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      (18,202</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><FONT face=serif size=2>Asset
      write-downs</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><FONT face=serif size=2>(4,195</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT face=serif size=2>Consolidated operating income (loss)</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>(38,363</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>$</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>31,003</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><B><FONT face=serif size=2>Restructuring
      and severance costs:</FONT></B></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT face=serif size=2>Semiconductors</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>7,209</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>1,131</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><FONT face=serif size=2>Passive
      Components</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><B><FONT face=serif size=2>11,724</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%"><FONT face=serif size=2>17,071</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>$</FONT></B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><B><FONT face=serif size=2>18,933</FONT></B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>$</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%" bgColor=#c0c0c0><FONT size=+0><FONT face=serif size=2>18,202</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%"><B><FONT face=serif size=2>Asset
      write-downs:</FONT></B></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%" bgColor=#c0c0c0><FONT face=serif size=2>Passive Components</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>4,195</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="86%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0><B><FONT face=serif size=2>$</FONT></B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT size=+0><B><FONT face=serif size=2>-</FONT></B>
</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT size=+0><FONT face=serif size=2>$</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="4%"><FONT size=+0><FONT face=serif size=2>4,195</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD></TR></TABLE>
<P align=center><FONT face=serif size=2>21 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 10 &#150; Earnings Per
Share</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>The following table sets forth the
computation of basic and diluted earnings (loss) per share attributable to
Vishay stockholders </FONT><I><FONT face=serif size=2>(in thousands, except
earnings (loss) per share)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="84%">&nbsp; </TD>
    <TD noWrap align=center width="16%" colSpan=7><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="8%" colSpan=3><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><B><FONT face=serif size=2>Numerator:</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>Numerator for
      basic earnings (loss) per share:</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="6%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Income (loss) from continuing operations</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(29,127</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>11,440</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Loss from discontinued operations</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="6%"><FONT face=serif size=2>(42,136</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT size=2><FONT style="BACKGROUND-COLOR: #c0c0c0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT face=serif>Net earnings (loss)</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>(29,127</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>(30,696</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>Adjustment to the numerator for continuing</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif>operations
      and net earnings (loss):</FONT></FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif>Interest savings assuming conversion of</FONT></FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="6%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      dilutive convertible and exchangeable</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="6%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      notes, net of tax</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="6%"><STRONG><FONT size=2>-</FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>Numerator for diluted earnings (loss) per share:</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Income (loss) from continuing operations</FONT></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(29,127</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%"><FONT face=serif size=2>11,440</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Loss from discontinued operations</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>(42,136</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Net earnings (loss)</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>(29,127</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="6%"><FONT face=serif size=2>(30,696</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><B><FONT face=serif size=2>Denominator:</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>Denominator for
      basic earnings (loss) per share:</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="6%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif>Weighted average shares</FONT></FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>186,558</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>186,343</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>Effect of dilutive securities:</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif>Convertible and exchangeable notes</FONT></FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="6%"><STRONG><FONT size=2>-</FONT></STRONG></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif>Employee stock options</FONT></FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>65</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif>Other</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%"><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="6%"><FONT face=serif size=2>132</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif>Dilutive potential common shares</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="5%" bgColor=#c0c0c0><STRONG><FONT size=2>-</FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>197</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>Denominator for diluted earnings (loss) per share:</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif>Adjusted weighted average shares</FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%"><B><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;
      186,558</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="6%"><FONT face=serif size=2><STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </STRONG>186,540</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>Basic earnings (loss) per share attributable to</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vishay
stockholders:*</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Continuing operations</FONT></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(0.16</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%"><FONT face=serif size=2>0.06</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Discontinued operations</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>(0.23</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Net earnings (loss)</FONT></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(0.16</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%"><FONT face=serif size=2>(0.16</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=8>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>Diluted earnings (loss) per share attributable to</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vishay
stockholders:*</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Continuing operations</FONT></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(0.16</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%"><FONT face=serif size=2>0.06</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Discontinued operations</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>(0.23</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Net earnings (loss)</FONT></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="5%"><B><FONT face=serif size=2>(0.16</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>)</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%"><FONT face=serif size=2>(0.16</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR></TABLE>____________________<BR>&nbsp;&nbsp;<BR><FONT face=serif size=2>* May not add due to rounding. </FONT>
<P align=center><FONT face=serif size=2>22 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>Diluted earnings (loss) per share for
the periods presented do not reflect the following weighted average potential
common shares, as the effect would be antidilutive </FONT><I><FONT face=serif size=2>(in thousands)</FONT></I><FONT face=serif size=2>: </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="82%">&nbsp; </TD>
    <TD noWrap align=center width="17%" colSpan=3><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="82%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%"><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%"><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="82%" bgColor=#c0c0c0><FONT face=serif size=2>Convertible and exchangeable notes:</FONT></TD>
    <TD noWrap align=left width="7%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="82%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible Subordinated
      Notes, due 2023</FONT></TD>
    <TD noWrap align=right width="7%"><B><FONT face=serif size=2>87</FONT></B></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>23,496</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="82%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchangeable Unsecured Notes,
      due 2102</FONT></TD>
    <TD noWrap align=right width="7%" bgColor=#c0c0c0><B><FONT face=serif size=2>6,176</FONT></B></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>6,176</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="82%"><FONT face=serif size=2>Weighted average
      employee stock options</FONT></TD>
    <TD noWrap align=right width="7%"><B><FONT face=serif size=2>3,893</FONT></B></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>4,299</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="82%" bgColor=#c0c0c0><FONT face=serif size=2>Weighted average warrants</FONT></TD>
    <TD noWrap align=right width="7%" bgColor=#c0c0c0><B><FONT face=serif size=2>8,824</FONT></B></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>8,824</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="82%"><FONT face=serif size=2>Weighted average
      other</FONT></TD>
    <TD noWrap align=right width="7%"><B><FONT face=serif size=2>320</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="9%"><STRONG><FONT size=2>-</FONT></STRONG></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>In periods in which they are dilutive,
if the potential common shares related to the exchangeable notes are included in
the computation, the related interest savings, net of tax, assuming exchange is
added to the net earnings used to compute earnings per share.</FONT></P>
<P align=justify><FONT face=serif size=2>The Company intends to waive its rights
to settle the principal amount of the Convertible Subordinated Notes, due 2023,
in shares of Vishay common stock. Accordingly, the notes are included in the
diluted earnings per share computation using the &#147;treasury stock method&#148;
(similar to options and warrants) rather than the &#147;if converted method&#148;
otherwise required for convertible debt. If the average market price is less
than $21.28, no shares are included in the diluted earnings per share
computation.</FONT></P>
<P align=center><FONT face=serif size=2>23 </FONT></P>
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<PAGE>
<P align=justify><B><U><FONT face=serif size=2>Note 11 &#150; Fair Value
Measurements</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>The Company adopted SFAS No. 157,
</FONT><I><FONT face=serif size=2>Fair Value Measurements,</FONT></I><FONT face=serif size=2> for financial assets and liabilities as of January 1, 2008,
and for nonfinancial assets and liabilities as of January 1, 2009 in accordance
with the provisions of FASB Staff Position SFAS 157-2. The adoption did not have
a material effect on the Company&#146;s financial position, results of operations, or
liquidity.</FONT></P>
<P align=justify><FONT face=serif size=2>SFAS No. 157 establishes a valuation
hierarchy of the inputs used to measure fair value. This hierarchy prioritizes
the inputs to valuation techniques used to measure fair value into three broad
levels. The following is a brief description of those three levels: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2>Level 1:
Observable inputs such as quoted prices (unadjusted) in active markets for
identical assets or liabilities.</FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2>Level 2:
Inputs other than quoted prices that are observable for the asset or liability,
either directly or indirectly. These include quoted prices for similar assets or
liabilities in active markets and quoted prices for identical or similar assets
or liabilities in markets that are not active. </FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2>Level 3:
Unobservable inputs that reflect the Company&#146;s own assumptions. </FONT></P>
<P align=justify><FONT face=serif size=2>An asset or liability&#146;s classification
within the hierarchy is determined based on the lowest level input that is
significant to the fair value measurement.</FONT></P>
<P align=justify><FONT face=serif size=2>The following table provides the
financial assets and liabilities carried at fair value measured on a recurring
basis as of March 28, 2009 </FONT><I><FONT face=serif size=2>(in
thousands)</FONT></I><FONT face=serif size=2>:</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="90%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="76%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=center width="4%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="17%" colSpan=8><B><FONT face=serif size=2>Fair value measurements at reporting
      date using:</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Total</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Level 1</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Level 2</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Level 3</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Fair Value</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Inputs</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Inputs</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=2>Inputs</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>Assets held in rabbi trusts</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>23,493</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>6,682</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>16,811</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><B><FONT face=serif size=2>-</FONT></B></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>The Company maintains non-qualified
trusts, referred to as &#147;rabbi&#148; trusts, to fund payments under deferred
compensation and non-qualified pension plans. Rabbi trust assets consist
primarily of marketable securities, classified as available-for-sale, valued
based upon level 1 inputs; and Company-owned life insurance assets valued based
upon level 2 inputs.</FONT></P>
<P align=justify><FONT face=serif size=2>The marketable securities held in the
rabbi trusts are valued using quoted market prices multiplied by the number of
shares held in the trust. The Company-owned life insurance assets are valued in
consultation with the Company&#146;s insurance brokers using the value of underlying
assets of the insurance contracts. </FONT></P>
<P align=center><FONT face=serif size=2>24 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2><U>Item 2</U></FONT></B>. <B><FONT face=serif size=2><U>Management&#146;s Discussion and Analysis of Financial Condition
and Results of Operations</U></FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Overview </FONT></B></P>
<P align=justify><FONT face=serif size=2>Vishay Intertechnology, Inc. is an
international manufacturer and supplier of discrete semiconductors and passive
electronic components, including power MOSFETs, power integrated circuits,
transistors, diodes, optoelectronic components, resistors, capacitors,
inductors, strain gages, load cells, force measurement sensors, displacement
sensors, and photoelastic sensors. Discrete semiconductors and passive
electronic components manufactured by Vishay are used in virtually all types of
electronic products, including those in the industrial, computer, automotive,
consumer electronic products, telecommunications, military/aerospace, and
medical industries. </FONT></P>
<P align=justify><FONT face=serif size=2>Vishay operates in two product
segments, Semiconductors and Passive Components. Semiconductors segment products
include transistors, diodes, rectifiers, certain types of integrated circuits,
and optoelectronic products. Passive Components segment products include
resistors, capacitors, and inductors. We include in the Passive Components
segment our Measurements Group, which manufactures and markets strain gages,
load cells, transducers, instruments, and weighing systems whose core components
are resistors that are sensitive to various types of mechanical stress. While
the passive components business had historically predominated at Vishay,
following several acquisitions of semiconductor businesses, revenues from our
Semiconductors and Passive Components segments were essentially split evenly
from 2003 through the first quarter of 2007. On April 1, 2007, Vishay acquired
the Power Control Systems (&#147;PCS&#148;) business of International Rectifier
Corporation, which has been included in the Semiconductors segment. </FONT></P>
<P align=justify><FONT face=serif size=2>As described in Note 1 to our
consolidated condensed financial statements, effective January 1, 2009, Vishay
adopted two accounting standards that require retrospective adjustment to
previously issued financial statements. All prior period amounts have been
adjusted to reflect the retrospective adoption of these new accounting
standards. We have published unaudited selected financial data reflecting the
retrospective adoption of these accounting standards, which was filed with the
U.S. Securities and Exchange Commission as Exhibit 99 to our current report on
Form 8-K dated April 13, 2009. </FONT></P>
<P align=justify><FONT face=serif size=2>Net revenues for the fiscal quarter
ended March 28, 2009 were $449.5 million, compared to $733.3 million for the
fiscal quarter ended March 29, 2008. The net loss attributable to Vishay
stockholders for the fiscal quarter ended March 28, 2009 was $29.1 million or
$0.16 per share, compared to a net loss attributable to Vishay stockholders of
$30.7 million or $0.16 per share for the fiscal quarter ended March 29, 2008.
</FONT></P>
<P align=justify><FONT face=serif size=2>The net loss attributable to Vishay
stockholders for the fiscal quarter ended March 28, 2009 was impacted by pretax
charges for restructuring and severance costs of $18.9 million, which had a
$0.08 per share after-tax effect on the net loss. </FONT></P>
<P align=justify><FONT face=serif size=2>The net loss attributable to Vishay
stockholders for the fiscal quarter ended March 29, 2008 was impacted by pretax
charges for restructuring and severance costs of $18.2 million and related asset
write-downs of $4.2 million. These items and their tax-related consequences had
a negative $0.10 per share effect on income from continuing operations
attributable to Vishay stockholders. The net loss for the fiscal quarter ended
March 29, 2008 also included a loss on discontinued operations of $42.1 million,
or $0.23 per share. </FONT></P>
<P align=justify><FONT face=serif size=2>The retrospective application of FSP
APB 14-1 increased previously reported interest expense by $6.1 million, or
$0.03 per diluted share, for the first quarter of 2008. </FONT></P>
<P align=justify><FONT face=serif size=2>Vishay&#146;s first quarter results have
been substantially impacted by the present global economic crisis. We realized
losses from operations due to a dramatic and broad decline of volume. Due to our
quick reaction to the crisis during the second half of 2008, we have mitigated
this loss of volume through significant reductions of fixed costs and
inventories, and have continued to generate positive cash flows from operations.
</FONT></P>
<P align=center><FONT face=serif size=2>25 </FONT></P>
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<PAGE>
<P align=justify><B><FONT face=serif size=2>Financial Metrics </FONT></B></P>
<P align=justify><FONT face=serif size=2>We utilize several financial metrics to
evaluate the performance and assess the future direction of our business. These
key financial measures and metrics include net revenues, gross profit margin,
end-of-period backlog, and the book-to-bill ratio. We also monitor changes in
inventory turnover and average selling prices (&#147;ASP&#148;). </FONT></P>
<P align=justify><FONT face=serif size=2>Gross profit margin is computed as
gross profit as a percentage of net revenues. Gross profit is generally net
revenues less costs of products sold, but also deducts certain other period
costs, particularly losses on purchase commitments and inventory write-downs.
Losses on purchase commitments and inventory write-downs have the impact of
reducing gross profit margin in the period of the charge, but result in improved
gross profit margins in subsequent periods by reducing costs of products sold as
inventory is used. Gross profit margin is clearly a function of net revenues,
but also reflects our cost management programs and our ability to contain fixed
costs. </FONT></P>
<P align=justify><FONT face=serif size=2>End-of-period backlog is one indicator
of future revenues. We include in our backlog only open orders that have been
released by the customer for shipment in the next twelve months. If demand falls
below customers&#146; forecasts, or if customers do not control their inventory
effectively, they may cancel or reschedule the shipments that are included in
our backlog, in many instances without the payment of any penalty. Therefore,
the backlog is not necessarily indicative of the results to be expected for
future periods. </FONT></P>
<P align=justify><FONT face=serif size=2>An important indicator of demand in our
industry is the book-to-bill ratio, which is the ratio of the amount of product
ordered during a period as compared with the product that we ship during that
period. A book-to-bill ratio that is greater than one indicates that our backlog
is building and that we are likely to see increasing revenues in future periods.
Conversely, a book-to-bill ratio that is less than one is an indicator of
declining demand and may foretell declining revenues. </FONT></P>
<P align=justify><FONT face=serif size=2>We focus on our inventory turnover as a
measure of how well we are managing our inventory. We define inventory turnover
for a financial reporting period as our costs of products sold for the four
fiscal quarters ending on the last day of the reporting period divided by our
average inventory (computed using each quarter-end balance) for this same
period. The inventory balance used for computation of this ratio includes
tantalum inventories in excess of one year supply, which are classified as other
assets in the consolidated balance sheet. See Note 14 to our consolidated
financial statements included in our Annual Report on Form 10-K for the year
ended December 31, 2008. A higher level of inventory turnover reflects more
efficient use of our capital.</FONT></P>
<P align=justify><FONT face=serif size=2>Pricing in our industry can be
volatile. We analyze trends and changes in average selling prices to evaluate
likely future pricing. The erosion of average selling prices of established
products is typical of the industry, especially for our Semiconductors segment
products. However, we attempt to offset this deterioration with ongoing cost
reduction activities and new product introductions. </FONT></P>
<P align=center><FONT face=serif size=2>26 </FONT></P>
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<PAGE>
<P align=justify><FONT face=serif size=2>The quarter-to-quarter trends in these
financial metrics can also be an important indicator of the likely direction of
our business. The following table shows net revenues, gross profit margin,
end-of-period backlog, book-to-bill ratio, inventory turnover, and changes in
ASP for our business as a whole during the five quarters beginning with the
first quarter of 2008 through the first quarter of 2009 </FONT><I><FONT face=serif size=2>(dollars in thousands)</FONT></I><FONT face=serif size=2>:</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="62%">&nbsp; </TD>
    <TD noWrap align=center width="6%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>1st Quarter</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2nd Quarter</FONT></B></FONT></TD>
    <TD noWrap align=center width="2%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=center width="6%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>3rd Quarter</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>4th Quarter</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>1st Quarter</FONT></B></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="62%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><FONT size=+0>&nbsp; <B><FONT face=serif size=2>2008</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2008</FONT></B></FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2008</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2008</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2009</FONT></B></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="62%" bgColor=#c0c0c0><FONT face=serif size=2>Net revenues</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$
      &nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>733,313</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>774,364</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>739,092</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=2>575,442</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>449,511</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR>
    <TD noWrap align=left width="62%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="62%" bgColor=#c0c0c0><FONT face=serif size=2>Gross profit margin*</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>23.5</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>23.2</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>21.6</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=2>14.8</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>15.1</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="62%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="62%" bgColor=#c0c0c0><FONT face=serif size=2>End-of-period backlog</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>696,700</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>695,900</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>619,000</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=2>459,700</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>400,400</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="62%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="62%" bgColor=#c0c0c0><FONT face=serif size=2>Book-to-bill ratio</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>1.04</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>1.00</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>0.92</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=2>0.74</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>0.89</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="62%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="62%" bgColor=#c0c0c0><FONT face=serif size=2>Inventory turnover</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>3.74</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>3.89</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>3.85</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=2>3.40</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>2.84</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="62%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="62%" bgColor=#c0c0c0><FONT face=serif size=2>Change in ASP vs. prior quarter</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>-0.4</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>-0.9</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>-1.4</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=2>0.0</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>-1.0</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR></TABLE>____________________<BR>&nbsp;&nbsp;<BR><FONT face=serif size=2>* Gross profit margin for the fourth quarter of 2008 includes
losses on adverse purchase commitments of $6.0 million. </FONT>
<P align=justify><FONT face=serif size=2>See &#147;Financial Metrics by Segment&#148;
below for net revenues, book-to-bill ratio, and gross profit margin broken out
by segment.</FONT></P>
<P align=justify><FONT face=serif size=2>As expected in light of the worldwide
economic downturn, net revenues for the first quarter of 2009 decreased 22%
sequentially, following a 22% sequential decrease in the fourth quarter of 2008.
During the first quarter of 2009, we continued to experience a very low
order-rate, which began in the third quarter of 2008, although orders seem to
have stabilized and we are beginning to see signs of recovery. Our
Semiconductors segment has already shown the first signs of a recovery in the
course of the first quarter and continuing into April. However, our Passive
Components segment may still decline slightly, with its stronger exposure to the
automotive and industrial segments in Europe and the United States. </FONT></P>
<P align=justify><FONT face=serif size=2>The sequential increase in gross profit
margin for the first quarter of 2009 is attributable to the absence of the
losses on adverse purchase commitments recorded in the fourth quarter of 2008,
partially offset by lower volume. The book-to-bill ratio improved to 0.89 from
0.74 in the fourth quarter of 2008. For the first quarter of 2009, the
book-to-bill ratios for distributors and original equipment manufacturers
(&#147;OEM&#148;) were 0.84 and 0.93, respectively, versus ratios of 0.65 and 0.83,
respectively, during the fourth quarter of 2008.</FONT></P>
<P align=justify><FONT face=serif size=2>We have continued to see relatively
modest pricing pressure, although we expect increasing pricing pressure in 2009
for Semiconductors segment products once the order intake increases. </FONT></P>
<P align=center><FONT face=serif size=2>27 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Financial Metrics by Segment
</FONT></B></P>
<P align=justify><FONT face=serif size=2>The following table shows net revenues,
book-to-bill ratio, and gross profit margin broken out by segment for the five
quarters beginning with the first quarter of 2008 through the first quarter of
2009 </FONT><I><FONT face=serif size=2>(dollars in thousands)</FONT></I><FONT face=serif size=2>:</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="68%">&nbsp; </TD>
    <TD noWrap align=center width="6%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>1st Quarter</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=center width="3%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2nd Quarter</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=center width="4%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>3rd Quarter</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=center width="8%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>4th Quarter</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=center width="6%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>1st Quarter</FONT></B></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2008</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2008</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2008</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="8%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2008</FONT></B></FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><FONT size=+0><B><FONT face=serif size=2>2009</FONT></B></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%"><I><U><FONT face=serif size=2>Semiconductors</FONT></U></I></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="4%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="6%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%" bgColor=#c0c0c0><FONT face=serif size=2>Net revenues</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>387,780</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>407,443</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>392,934</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>272,669</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>198,995</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="68%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="6%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%" bgColor=#c0c0c0><FONT face=serif size=2>Book-to-bill ratio</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>1.03</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>1.01</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>0.85</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>0.59</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>0.96</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="68%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="6%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%" bgColor=#c0c0c0><FONT face=serif size=2>Gross profit margin<SUP>(1)</SUP></FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>22.9</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>22.5</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>21.8</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>11.5</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>6.6</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="68%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="6%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%"><I><U><FONT face=serif size=2>Passive
      Components</FONT></U></I></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="6%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%" bgColor=#c0c0c0><FONT face=serif size=2>Net revenues</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>345,533</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>366,921</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>346,158</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>302,773</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>250,516</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="68%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="6%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%" bgColor=#c0c0c0><FONT face=serif size=2>Book-to-bill ratio</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>1.05</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>0.99</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>0.98</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>0.88</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>0.84</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="68%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="6%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="68%" bgColor=#c0c0c0><FONT face=serif size=2>Gross profit margin<SUP>(2)</SUP></FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>24.3</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>24.1</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>21.4</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>17.8</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>21.9</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR></TABLE>____________________<BR><BR><FONT face=serif size=2>(1) Gross profit margin for the Semiconductors segment for the
fourth quarter of 2008 includes losses on adverse purchase commitments of $3.8
million. </FONT>
<P></P>
<P align=justify><FONT face=serif size=2>(2) Gross profit margin for the Passive
Components segment for the fourth quarter of 2008 includes losses on adverse
purchase commitments of $2.3 million. </FONT></P>
<P align=justify><B><FONT face=serif size=2>Acquisition and Divestiture
Activity</FONT></B></P>
<P align=justify><FONT face=serif size=2>As part of our growth strategy, we seek
to expand through acquisition of other manufacturers of electronic components
that have established positions in major markets, reputations for product
quality and reliability, and product lines with which we have substantial
marketing and technical expertise. This includes exploring opportunities to
acquire smaller targets to gain market share, effectively penetrate different
geographic markets, enhance new product development, round out our product
lines, or grow our high margin niche market businesses. Also as part of this
growth strategy, we seek to explore opportunities with privately held developers
of electronic components, whether through acquisition, investment in
noncontrolling interests, or strategic alliances. </FONT></P>
<P align=justify><FONT face=serif size=2>In the current uncertain economic
conditions, we will not actively pursue acquisitions, but will consider special
opportunities should they arise. </FONT></P>
<P align=center><FONT face=serif size=2>28 </FONT></P>
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<PAGE>
<P align=justify><B><FONT face=serif size=2>Cost Management </FONT></B></P>
<P align=justify><FONT face=serif size=2>We place a strong emphasis on reducing
our costs. Since 2001, we have been implementing aggressive cost reduction
programs to enhance our competitiveness, particularly in light of the erosion of
average selling prices of established products that is typical of the industry.
</FONT></P>
<P align=justify><FONT face=serif size=2>Historically, our primary cost
reduction technique was through the transfer of production to the extent
possible from high-labor-cost markets, such as the United States and Western
Europe, to lower-labor-cost markets, such as the Czech Republic, Israel, India,
Malaysia, Mexico, the People&#146;s Republic of China, and the Philippines. The
percentage of our total headcount in lower-labor-cost countries is a measure of
the extent to which we are successful in implementing this program. Due to our
direct labor reductions in the last two quarters, this percentage was 73.2% at
the end of the first quarter of 2009, as compared to 74.6% at the end of 2008,
and 57% when this program began in 2001. Our target is to have between 75% and
80% of our headcount in lower-labor-cost countries. As we approach, and then
maintain, this target headcount allocation, our cost reduction efforts are more
directed towards consolidating facilities and other cost cutting measures to
control fixed costs, rather than transfers of production to lower-labor-cost
markets. </FONT></P>
<P align=justify><FONT face=serif size=2>These production transfers, facility
consolidations, and other long-term cost cutting measures require us to
initially incur significant severance and other exit costs and to record losses
on excess buildings and equipment. We anticipate that we will realize the
benefits of our restructuring through lower labor costs and other operating
expenses in future periods. Between 2001 and 2008, we recorded, in the
consolidated statements of operations, restructuring and severance costs
totaling $285 million and related asset write-downs totaling $86 million in
order to reduce our cost structure going forward. We have realized, and expect
to continue to realize, significant annual net cost savings associated with
these restructuring activities. </FONT></P>
<P align=justify><FONT face=serif size=2>A primary tenet of our business
strategy is the expansion within the electronic components industry through
acquisitions. Our acquisition strategy relies upon reducing selling, general,
and administrative expenses through the integration or elimination of redundant
sales offices and administrative functions at acquired companies, and achieving
significant production cost savings through the transfer and expansion of
manufacturing operations to countries where we can benefit from lower labor
costs and available tax and other government-sponsored incentives. These plant
closure and employee termination costs subsequent to acquisitions are also
integral to our cost reduction programs, although these amounts were not
significant in the years ended December 31, 2008, 2007, and 2006. </FONT></P>
<P align=justify><FONT face=serif size=2>Under previous accounting standards,
plant closure and employee termination costs that we incur in connection with
our acquisition activities are included in the costs of our acquisitions and do
not affect earnings or losses on our consolidated statement of operations.
Statement of Financial Accounting Standards (&#147;SFAS&#148;) No. 141-R, </FONT><I><FONT face=serif size=2>Business Combinations, </FONT></I><FONT face=serif size=2>which Vishay adopted effective January 1, 2009, requires such costs to be
recorded as expenses in our consolidated statement of operations, as such
expenses are incurred.</FONT></P>
<P align=justify><FONT face=serif size=2>We evaluate potential restructuring
projects based on an expected payback period. The payback period represents the
number of years of annual cost savings necessary to recover the initial cash
outlay for severance and other exit costs plus the noncash expenses recognized
for asset write-downs. In general, a restructuring project must have a payback
of less than 3 years to be considered beneficial. On average, our restructuring
projects have a payback of between 1 and 1.5 years. </FONT></P>
<P align=justify><FONT face=serif size=2>The perpetual erosion of average
selling prices of established products that is typical of our industry makes it
imperative that we continually seek ways to reduce our costs. Furthermore, our
long-term strategy is to grow through the integration of acquired businesses,
and the accounting standards for these integration costs has changed effective
January 1, 2009. For these reasons, we expect to have some level of
restructuring expenses each period for the foreseeable future. </FONT></P>
<P align=justify><FONT face=serif size=2>We expect these restructuring programs
to result in higher profitability through better gross margins and lower
selling, general, and administrative expenses. However, these programs to
improve our profitability also involve certain risks which could materially
impact our future operating results, as further detailed in Item 1A, &#147;Risk
Factors.&#148; </FONT></P>
<P align=center><FONT face=serif size=2>29 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>We expanded our restructuring programs
in 2008 to further reduce costs. Most of the costs related to our planned 2008
restructuring projects were recorded in the first quarter of 2008. These
projects include the transfer of production of resistor products from Brazil to
India and the Czech Republic and the transfer of certain processes in Belgium
and the United States to third party subcontractors. We also transferred certain
production from the Netherlands and the United States to Israel in 2008. We
expect the planned restructuring projects initiated in 2008 to generate
approximately $25 million of annual cost savings, of which approximately 60% of
the savings would reduce costs of products sold, and approximately 40% of the
savings would result in reduced selling, general, and administrative costs. We
began to realize some of these savings in the second half of 2008.</FONT></P>
<P align=justify><FONT face=serif size=2>In response to the economic downturn
during the latter half of 2008, we undertook significant measures to cut costs.
This included a strict adaptation of manufacturing capacity to sellable volume,
limiting the building of product for inventory. It also included permanent
employee terminations, temporary layoffs and shutdowns, and minimizing the use
of foundries and subcontractors in order to maximize the load of our owned
facilities.</FONT></P>
<P align=justify><FONT face=serif size=2>We incurred restructuring and severance
costs of $28.6 million during the fourth quarter of 2008, and incurred
additional restructuring and severance costs of $18.9 million during the first
quarter of 2009. These costs were incurred as part of our program to reduce
manufacturing and SG&amp;A fixed costs in 2009 by $150 million compared to the
year ended December 31, 2008. Our cost reduction programs are ahead of schedule.
Our fixed costs in the first quarter of 2009 decreased by $54 million compared
to the first quarter of 2008. Of this amount, approximately 40% reduced
manufacturing costs and approximately 60% reduced SG&amp;A expenses. We now
believe that we will be able to reduce fixed costs by $200 million for the full
year 2009 versus 2008, approximately equivalent to maintaining the present
run-rate. Of this amount, approximately 50% is expected to reduce manufacturing
costs and approximately 50% is expected to reduce SG&amp;A expenses.
Additionally, we intend to replace temporary measures with permanent measures to
defend this cost reduction going forward, even after sales return to more normal
levels.</FONT></P>
<P align=justify><FONT face=serif size=2>We originally expected to incur
restructuring and severance costs of approximately $25 million in 2009, but now
believe that the total restructuring and severance costs will be closer to $50
million. Including unpaid balances from 2008 programs, we expect the 2009 cash
outlay for restructuring and severance programs to be approximately $50 million,
with additional amounts to be paid in future periods.</FONT></P>
<P align=justify><FONT face=serif size=2>Our 2009 restructuring programs include
headcount reductions in virtually every facility and every country in which we
operate, as well as selected plant closures. In 2009, we plan to close two
facilities in the United States and consolidate manufacturing for these product
lines into other facilities. We also expect to consolidate certain Asian
locations.</FONT></P>
<P align=justify><FONT face=serif size=2>While streamlining and reducing fixed
overhead, we are exercising caution so that we will not negatively impact our
customer service or our ability to further develop products and processes. Our
cost management plans also include expansion of certain critical capacities,
which we hope will reduce average materials and processing costs.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Metals Purchase
Commitments</FONT></B></P>
<P align=justify><FONT face=serif size=2>Certain metals used in the manufacture
of our products are traded on active markets, and can be subject to significant
price volatility. Our policy is to enter into short-term commitments to purchase
defined portions of annual consumption of these metals if market prices decline
below budget. For much of 2008, these metals were trading near all-time
record-high prices. During the fourth quarter of 2008, as metals prices declined
significantly from these record-high prices, we entered into commitments to
purchase a portion of our estimated 2009 metals needs, principally for copper
and palladium. After entering into these commitments, the market prices for
these metals continued to decline. As a result, we recorded losses on these
adverse purchase commitments during the fourth quarter of 2008 totaling $6.0
million.</FONT></P>
<P align=center><FONT face=serif size=2>30</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Foreign Currency
Translation</FONT></B></P>
<P align=justify><FONT face=serif size=2>We are exposed to foreign currency
exchange rate risks, particularly due to transactions in currencies other than
the functional currencies of certain subsidiaries. While we have in the past
used forward exchange contracts to hedge a portion of our projected cash flows
from these exposures, we generally have not done so in recent
periods.</FONT></P>
<P align=justify><FONT face=serif size=2>Statement of Financial Accounting
Standards (&#147;SFAS&#148;) No. 52 requires that entities identify the &#147;functional
currency&#148; of each of their subsidiaries and measure all elements of the
financial statements in that functional currency. A subsidiary&#146;s functional
currency is the currency of the primary economic environment in which it
operates. In cases where a subsidiary is relatively self-contained within a
particular country, the local currency is generally deemed to be the functional
currency. However, a foreign subsidiary that is a direct and integral component
or extension of the parent company&#146;s operations generally would have the parent
company&#146;s currency as its functional currency. Vishay has both situations among
its subsidiaries.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Foreign Subsidiaries which use
the Local Currency as the Functional Currency</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>We finance our operations in Europe and
certain locations in Asia in local currencies, and accordingly, these
subsidiaries utilize the local currency as their functional currency. For those
subsidiaries where the local currency is the functional currency, assets and
liabilities in the consolidated balance sheets have been translated at the rate
of exchange as of the balance sheet date. Translation adjustments do not impact
the results of operations and are reported as a separate component of
stockholders&#146; equity. With the strengthening of the U.S. dollar during the first
quarter of 2009, we saw a decrease in the translation adjustment recorded in
accumulated other comprehensive income on our balance sheet. See Note 6 to our
consolidated condensed financial statements.</FONT></P>
<P align=justify><FONT face=serif size=2>For those subsidiaries where the local
currency is the functional currency, revenues and expenses are translated at the
average exchange rate for the year. While the translation of revenues and
expenses into U.S. dollars does not directly impact the statement of operations,
the translation effectively increases or decreases the U.S. dollar equivalent of
revenues generated and expenses incurred in those foreign currencies. As a
result of a strengthening of the U.S. dollar versus several foreign currencies
during the first quarter of 2009, the translation of foreign currency revenues
and expenses into U.S. dollars has decreased reported revenues and expenses as
compared to the prior year period.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Foreign Subsidiaries which use
the U.S. Dollar as the Functional Currency</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Our operations in Israel and most
significant locations in Asia are largely financed in U.S. dollars, and
accordingly, these subsidiaries utilize the U.S. dollar as their functional
currency. For those foreign subsidiaries where the U.S. dollar is the functional
currency, all foreign currency financial statement amounts are remeasured into
U.S. dollars. Exchange gains and losses arising from remeasurement of foreign
currency-denominated monetary assets and liabilities are included in the results
of operations. While these subsidiaries transact most business in U.S. dollars,
they may have significant costs, particularly payroll-related, which are
incurred in the local currency. The cost of products sold and selling, general,
and administrative expense for first quarter of 2009 have been favorably
impacted (compared to the prior year period) by local currency transactions of
subsidiaries which use the U.S. dollar as their functional currency,
particularly our subsidiaries in Israel.</FONT></P>
<P align=center><FONT face=serif size=2>31</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Results of Operations</FONT></B></P>
<P align=justify><FONT face=serif size=2>Statement of operations&#146; captions as a
percentage of net revenues and the effective tax rates were as follows:
</FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="23%" colSpan=5><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>Cost of products sold</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>84.9</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>%</FONT></B></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>76.5</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"><FONT face=serif size=2>Gross
      profit</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><B><FONT face=serif size=2>15.1</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>%</FONT></B></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>23.5</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>Selling, general &amp; administrative expenses</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>19.5</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>%</FONT></B></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>16.2</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"><FONT face=serif size=2>Operating income
      (loss)</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><B><FONT face=serif size=2>-8.5</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>%</FONT></B></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>4.2</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>Income (loss) from continuing operations</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; before taxes</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>-6.3</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>%</FONT></B></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>2.5</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"><FONT face=serif size=2>Income (loss)
      from continuing operations</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><B><FONT face=serif size=2>-6.5</FONT></B></TD>
    <TD noWrap align=left width="1%"><B><FONT face=serif size=2>%</FONT></B></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>1.6</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>Net earnings (loss) attributable to</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif>Vishay
      stockholders</FONT></FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>-6.5</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>%</FONT></B></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>-4.2</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="76%">______&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"></TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>Effective tax rate</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>-2.5</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>%</FONT></B></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>34.1</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR></TABLE><BR>
<P align=justify><B><I><FONT face=serif size=2>Net Revenues</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Net revenues were as
follows</FONT><I><FONT face=serif size=2> (dollars in thousands)</FONT></I><FONT face=serif size=2>:</FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="15%" colSpan=6><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="8%" colSpan=3><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=2><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>Net revenues</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>449,511</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=2>733,313</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%"><FONT face=serif size=2>Change versus
      comparable prior year period</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="4%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>(283,802</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>Percentage change versus</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="84%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; comparable prior year
      period</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>-38.7</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Changes in net revenues were
attributable to the following: </FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="55%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>vs. Prior Year</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>Quarter</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><B><FONT face=serif size=2>Change attributable to:</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Decrease in
      volume</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>-36.2</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Decrease in average selling prices</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>-2.2</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Foreign currency
      effects</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>-3.0</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Acquisitions</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>0.3</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Other</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="10%"><FONT face=serif size=2>2.4</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Net change</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>-38.7</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>All regions and all of our end-use
markets are heavily impacted by the global economic slow-down, which was most
strongly seen in the decline in sales of our Semiconductors segment products in
the first quarter of 2009 compared to the prior year period. The relatively
stronger U.S. dollar further decreased the amount reported for revenues in the
first quarter of 2009 compared to the prior year period.</FONT></P>
<P align=center><FONT face=serif size=2>32</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>We deduct, from the sales that we
record to distributors, allowances for future credits that we expect to provide
for returns, scrapped product, and price adjustments under various programs made
available to the distributors. We make deductions corresponding to particular
sales in the period in which the sales are made, although the corresponding
credits may not be issued until future periods. We estimate the deductions based
on sales levels to distributors, inventory levels at the distributors, current
and projected market trends and conditions, recent and historical activity under
the relevant programs, changes in program policies, and open requests for
credits. We recorded deductions from gross sales under our distributor incentive
programs of $15.5 million and $21.9 million for the three fiscal months ended
March 28, 2009 and March 29, 2008, respectively, or 3.3% and 2.9% of gross
sales, respectively. Actual credits issued under the programs during the three
fiscal months ended March 28, 2009 and March 29, 2008, were $16.0 million and
$18.6 million, respectively. Increases and decreases in these incentives are
largely attributable to the then-current business climate.</FONT></P>
<P align=justify><FONT face=serif size=2>Royalty revenues, included in net
revenues on the consolidated condensed statements of operations, were
approximately $2.1 million and $1.7 million for the fiscal quarters ended March
28, 2009 and March 29, 2008, respectively.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Gross Profit and
Margins</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Gross profit margins for the fiscal
quarter ended March 28, 2009 were 15.1%, versus 23.5% for the comparable prior
year period. This decrease in gross profit margin reflects significantly lower
volume and modestly lower average selling prices, partially offset by our fixed
cost reduction programs and favorable currency impacts.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Segments</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Analysis of revenues and gross profit
margins for our Semiconductors and Passive Components segments is provided
below.</FONT></P>
<P align=justify><I><U><FONT face=serif size=2>Semiconductors</FONT></U></I></P>
<P align=justify><FONT face=serif size=2>Net revenues of the Semiconductors
segment were as follows</FONT><I><FONT face=serif size=2> (dollars in
thousands):</FONT></I></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="83%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="16%" colSpan=6><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="8%" colSpan=3><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=2><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0><FONT face=serif size=2>Net revenues</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>198,995</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>387,780</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%"><FONT face=serif size=2>Change versus
      comparable prior year period</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="6%"><FONT face=serif size=2>(188,785</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="6%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0><FONT face=serif size=2>Percentage change versus</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; comparable prior year
      period</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=serif size=2>-48.7</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Changes in Semiconductors segment net
revenues were attributable to the following: </FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="55%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>vs. Prior Year</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>Quarter</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><B><FONT face=serif size=2>Change attributable to:</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Decrease in
      volume</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>-46.4</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Decrease in average selling prices</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>-5.4</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Foreign currency
      effects</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>-1.4</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Acquisitions</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>0.0</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Other</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="10%"><FONT face=serif size=2>4.5</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Net change</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>-48.7</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>33</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>Gross profit as a percentage of net
revenues for the Semiconductors segment was as follows:</FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="23%" colSpan=5><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>Gross margin percentage</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>6.6</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>22.9</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>The decrease in gross profit margin
percentage reflects significantly lower volume and lower average selling prices,
partially offset by our fixed cost reduction programs.</FONT></P>
<P align=justify><FONT face=serif size=2>Our Semiconductors segment has suffered
significantly from the weakness in Asian consumer, European automotive, mobile
phone, and notebook computer markets. Profitability has suffered in an
unprecedented manner due to the low sales volume during the quarter, although
the first signs of a recovery are beginning to emerge.</FONT></P>
<P align=justify><I><U><FONT face=serif size=2>Passive
Components</FONT></U></I></P>
<P align=justify><FONT face=serif size=2>Net revenues of the Passive Components
segment were as follows</FONT><I><FONT face=serif size=2> (dollars in
thousands):</FONT></I></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="23%" colSpan=6><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Net revenues</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>250,516</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>345,533</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"><FONT face=serif size=2>Change versus
      comparable prior year period</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%"><FONT face=serif size=2>(95,017</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="10%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Percentage change versus</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="9%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; comparable prior year
      period</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>-27.5</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0>&nbsp;
</TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Changes in Passive Components segment
net revenues were attributable to the following: </FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="55%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>vs. Prior Year</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>Quarter</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><B><FONT face=serif size=2>Change attributable to:</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="10%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Decrease in
      volume</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>-24.7</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Increase in average selling prices</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>0.6</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Foreign currency
      effects</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>-4.7</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Acquisitions</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>0.5</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%"><FONT face=serif size=2>Other</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="10%"><FONT face=serif size=2>0.8</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT face=serif size=2>%</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="87%" bgColor=#c0c0c0><FONT face=serif size=2>Net change</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>-27.5</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Gross profit as a percentage of net
revenues for the Passive Components segment was as follows:</FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="23%" colSpan=5><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=serif size=2>Gross margin percentage</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>21.9</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>24.3</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2>The decrease in gross profit margin
percentage reflects significantly lower volume, partially offset by our fixed
cost reduction programs.</FONT></P>
<P align=justify><FONT face=serif size=2>In light of the economic challenges,
our Passive Components segment has maintained a respectable gross margin
percentage. Average selling prices have increased slightly sequentially and
versus the prior year period. While foreign currency effects reduced reported
revenues, the general strengthening of the U.S. dollar improved margins versus
the prior year period. While we have seen signs of overall market recovery, due
to more substantial exposure to automotive and industrial sectors, our Passive
Components segment revenues and profitability may decline further in the second
quarter of 2009.</FONT></P>
<P align=center><FONT face=serif size=2>34</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><I><FONT face=serif size=2>Selling, General, and
Administrative Expenses</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Selling, general, and administrative
(&#147;SG&amp;A&#148;) expenses are summarized as follows </FONT><I><FONT face=serif size=2>(dollars in thousands):</FONT></I></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="23%" colSpan=7><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=3><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Total SG&amp;A expenses</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>87,454</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="9%" bgColor=#c0c0c0><FONT face=serif size=2>119,063</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#ffffff><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; as a percentage of
      revenues</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>19.5</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>%</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="9%" bgColor=#ffffff><FONT face=serif size=2>16.2</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff><FONT face=serif size=2>%</FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>The overall decrease in SG&amp;A
expenses are primarily attributable to lower sales and our cost containment
initiatives. The increase in SG&amp;A as a percentage of revenues is primarily
due to the decrease in revenues. Additionally, several items included in
SG&amp;A expenses impact the comparability of these amounts, as summarized below
</FONT><I><FONT face=serif size=2>(in thousands):</FONT></I></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="23%" colSpan=5><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Amortization of intangible assets</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>5,743</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>4,754</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"><FONT face=serif size=2>Patent
      infringement case</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>-</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>2,300</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Transition services agreements</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>-</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><FONT face=serif size=2>600</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%"><FONT face=serif size=2>Net (gain) loss
      on sales of assets</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>79</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="10%"><FONT face=serif size=2>30</FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>The increase in amortization expense
for the fiscal quarter ended March 28, 2009 is principally due to the
acquisitions of our partner&#146;s 51% interest in the Indian transducers joint
venture, of Powertron GmbH, and of the wet tantalum capacitor business of KEMET
Corporation, all in the third quarter of 2008. Amortization expense also
increased for the fiscal quarter ended March 28, 2009 compared to the prior year
period due to the initiation of amortization of certain tradenames after
determining that these indefinite-lived intangible assets were impaired during
the third quarter of 2008.</FONT></P>
<P align=justify><FONT face=serif size=2>The transition services agreements were
associated with our acquisition of the PCS business in 2007.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Restructuring and Severance Costs
and Related Asset Write-Downs</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Our restructuring programs have been
on-going since 2001. Our restructuring activities have been designed to reduce
both fixed and variable costs. These activities include the closing of
facilities and the termination of employees. Because costs are recorded based
upon estimates, actual expenditures for the restructuring activities may differ
from the initially recorded costs. If the initial estimates are too low or too
high, we could be required either to record additional expenses in future
periods or to reverse previously recorded expenses. We anticipate that we will
realize the benefits of our restructuring through lower labor costs and other
operating expenses in future periods. We continued our restructuring activities
during the three fiscal months ended March 28, 2009, recording restructuring and
severance costs of $18.9 million. We expect to continue to incur restructuring
expenses to reduce our fixed costs, particularly in light of the current
economic environment, as further explained in &#147;Cost Management&#148; above, in Note 4
to our consolidated financial statements included in our Annual Report on Form
10-K for the year ended December 31, 2008, and in Note 3 to our consolidated
condensed financial statements included in Part I of this document.</FONT></P>
<P align=center><FONT face=serif size=2>35</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><I><FONT face=serif size=2>Other Income
(Expense)</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Interest expense for the fiscal quarter
ended March 28, 2009 decreased by $9.9 million versus the comparable prior year
period. This decrease is primarily due to the repayment of the convertible
subordinated notes on August 1, 2008 and lower interest rates on our variable
rate debt. Interest expense for the fiscal quarter ended March 29, 2008 has been
recast for the retrospective adoption of FSP APB 14-1, which increased
previously reported interest expense for the first quarter of 2008 by
approximately $6.1 million.</FONT></P>
<P align=justify><FONT face=serif size=2>The following tables analyze the
components of the line &#147;Other&#148; on the consolidated condensed statement of
operations </FONT><I><FONT face=serif size=2>(in thousands):</FONT></I></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="73%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="20%" colSpan=6><B><FONT face=serif size=2>Fiscal quarter ended</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=2><B><FONT face=serif size=2>March 28, 2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="8%" colSpan=3><B><FONT face=serif size=2>March 29, 2008</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=2>Change</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%" bgColor=#c0c0c0><FONT face=serif size=2>Foreign exchange gain (loss)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD noWrap align=right width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>11,792</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>(4,780</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>16,572</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%"><FONT face=serif size=2>Interest
      income</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="10%"><B><FONT face=serif size=2>985</FONT></B></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="6%">&nbsp;</TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>4,125</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>(3,140</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%" bgColor=#c0c0c0><FONT face=serif size=2>Other</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="10%" bgColor=#c0c0c0><B><FONT face=serif size=2>106</FONT></B></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>457</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>(351</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><B><FONT face=serif size=2>$</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="10%"><B><FONT face=serif size=2>12,883</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="6%"><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="1%"><FONT face=serif size=2>(198</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=2>)</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%"><FONT face=serif size=2>13,081</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%"></TD></TR></TABLE><BR>
<P align=justify><B><I><FONT face=serif size=2>Income Taxes</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Due to losses in lower-tax-rate
jurisdictions, the effective tax rate for the fiscal quarter ended March 28,
2009 was negative. The effective tax rate for the fiscal quarter ended March 29,
2008 was 34.1%.</FONT></P>
<P align=justify><FONT face=serif size=2>We operate in an international
environment with significant operations in various locations outside the United
States. Accordingly, the consolidated income tax rate is a composite rate
reflecting our earnings and the applicable tax rates in the various locations
where we operate. Part of our strategy is to achieve cost savings through the
transfer and expansion of manufacturing operations to countries where we can
take advantage of lower labor costs and available tax and other
government-sponsored incentives. Accordingly, our effective tax rate is
generally less than the U.S. statutory tax rate. Changes in the effective tax
rate are largely attributable to changes in the mix of pretax income among our
various taxing jurisdictions.</FONT></P>
<P align=justify><FONT face=serif size=2>The effective tax rates reflect the
fact that we could not recognize for accounting purposes the tax benefit of
losses incurred in certain jurisdictions, although these losses are available to
offset future taxable income. Under applicable accounting principles, we may not
recognize deferred tax assets for loss carryforwards in jurisdictions where
there is a recent history of cumulative losses, where there is no taxable income
in the carryback period, where there is insufficient evidence of future earnings
to overcome the loss history and where there is no other positive evidence, such
as the likely reversal of taxable temporary differences, that would result in
the utilization of loss carryforwards for tax purposes.</FONT></P>
<P align=justify><FONT face=serif size=2>During the three fiscal months ended
March 28, 2009, the liabilities for unrecognized tax benefits decreased by a net
$1.0 million, principally due to foreign currency effects.</FONT></P>
<P align=center><FONT face=serif size=2>36</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Financial Condition, Liquidity, and
Capital Resources</FONT></B></P>
<P align=justify><FONT face=serif size=2>A worldwide financial crisis became
more pronounced and intensified significantly in the latter half of 2008 and
continued into the first quarter of 2009. This has resulted in significant
volatility in capital and commodities markets, decreased access to credit
markets, and produced recessionary pressures through most of the world&#146;s
economies.</FONT></P>
<P align=justify><FONT face=serif size=2>We believe that Vishay has adequate
financial resources to weather the current recessionary environment, and we
remain confident for the long-term prospects for the electronics industry.
However, the factors driving the current economic crisis are different than in
previous recessions, and as a result, there is somewhat limited historical
experience available to guide our business strategy. Nevertheless, thus far, we
are seeing a familiar sequence of events for the electronics industry during
this recession.</FONT></P>
<P align=justify><FONT face=serif size=2>We focus on our ability to generate
cash flows from operations. The cash generated from operations is used to fund
our capital expenditure plans, and cash in excess of our capital expenditure
needs is available to fund our acquisition strategy and to reduce debt levels.
Vishay has generated cash flows from operations in excess of $200 million in
each of the past 7 years, and cash flows from operations in excess of $100
million in each of the past 14 years.</FONT></P>
<P align=justify><FONT face=serif size=2>We refer to the amount of cash
generated from operations in excess of our capital expenditure needs and net of
proceeds from the sale of assets as &#147;free cash,&#148; a measure which management uses
to evaluate our ability to fund acquisitions and repay debt. Vishay has
generated positive &#147;free cash&#148; in each of the past 12 years, and &#147;free cash&#148; in
excess of $80 million in each of the past 7 years. In light of the current
economic slow down, we intend to continue to focus on the generation of free
cash, including an emphasis on cost controls.</FONT></P>
<P align=justify><FONT face=serif size=2>We continued to generate strong cash
flows from operations and free cash during the first quarter of 2009 despite the
challenging economic environment. There is no assurance, however, that we will
be able to continue to generate cash flows from operations and free cash during
the current downturn.</FONT></P>
<P align=justify><FONT face=serif size=2>The following table summarizes the
components of net debt at March 28, 2009 and December 31, 2008 </FONT><I><FONT face=serif size=2>(in thousands)</FONT></I><FONT face=serif size=2>:</FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="9%" colSpan=3><B><FONT face=serif size=2>March 28,</FONT></B></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%" colSpan=2><B><FONT face=serif size=2>December 31,</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%" colSpan=3><B><FONT face=serif size=2>2009</FONT></B></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="8%" colSpan=2><B><FONT face=serif size=2>2008</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Credit facility - revolving debt</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      125,000</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>125,000</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Credit facility
      - term loan</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="7%"><FONT face=serif size=2>112,500</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="7%"><FONT face=serif size=2>112,500</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Exchangeable unsecured notes, due 2102</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>105,000</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>105,000</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Convertible
      subordinated notes, due 2023</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="7%"><FONT face=serif size=2>1,870</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="7%"><FONT face=serif size=2>1,870</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Other debt</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>17,058</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>2,305</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%"><FONT face=serif size=2>Total
    debt</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="7%"><FONT face=serif size=2>361,428</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="7%"><FONT face=serif size=2>346,675</FONT></TD></TR>
  <TR>
    <TD noWrap width="99%" colSpan=8>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Cash and cash equivalents</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>364,776</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>324,164</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="80%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="7%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="7%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="80%" bgColor=#c0c0c0><FONT face=serif size=2>Net debt</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>(3,348</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>$</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="7%" bgColor=#c0c0c0><FONT face=serif size=2>22,511</FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Measurements such as &#147;free cash&#148; and
&#147;net debt&#148; do not have uniform definitions and are not recognized in accordance
with generally accepted accounting principles (&#147;GAAP&#148;). Such measures should not
be viewed as alternatives to GAAP measures of performance or liquidity. However,
management believes that &#147;free cash&#148; is a meaningful measure of our ability to
fund acquisitions and repay debt, and that an analysis of &#147;net debt&#148; assists
investors in understanding aspects of our cash and debt management. These
measures, as calculated by Vishay, may not be comparable to similarly titled
measures used by other companies.</FONT></P>
<P align=center><FONT face=serif size=2>37</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>Over 95% of the March 28, 2009 cash and
cash equivalents balance was held by our non-U.S. subsidiaries. We expect that
we will need to repatriate additional cash to repay a portion of the term loan
outstanding under our credit facility. At the present time, we expect the
remaining cash and profits generated by foreign subsidiaries will continue to be
reinvested outside of the United States indefinitely. If additional cash needed
to be repatriated to the United States, we would be subject to additional U.S.
income taxes (subject to an adjustment for foreign tax credits), state income
taxes, incremental foreign income taxes, and withholding taxes payable to
various foreign countries.</FONT></P>
<P align=justify><FONT face=serif size=2>Our financial condition as of March 28,
2009 continued to be strong, with a current ratio (current assets to current
liabilities) of 3.1 to 1, as compared to a ratio of 2.9 to 1 at December 31,
2008. This increase is primarily due to changes in working capital. Our ratio of
total debt to Vishay stockholders&#146; equity was 0.24 to 1 at March 28, 2009, as
compared to 0.22 to 1 as of December 31, 2008. The increase in this ratio is
primarily due to a decrease in net equity (accumulated other comprehensive income)
resulting from the strengthening of the U.S. dollar and an increase in total
debt subsequent to obtaining a new $15 million bank loan in Israel.</FONT></P>
<P align=justify><FONT face=serif size=2>Cash flows provided by continuing
operating activities were $53.3 million for the fiscal quarter ended March 28, 2009, as compared to cash flows provided by continuing operating activities of
$38.2 million for the fiscal quarter ended March 29, 2008. This increase is
principally due to favorable changes in net working capital during the first
quarter of 2009 compared to the first quarter of 2008.</FONT></P>
<P align=justify><FONT face=serif size=2>Cash used by discontinued operating
activities of $3.0 million reflect payments to settle certain outstanding
disputes with the buyer of the ASBU business during the first quarter of 2009.
The expenses associated with these cash payments were accrued in the fourth
quarter of 2008. Cash provided by discontinued operating activities of $3.5
million for the fiscal quarter ended March 29, 2008 primarily reflects a
decrease in working capital of ASBU business.</FONT></P>
<P align=justify><FONT face=serif size=2>Cash paid for property and equipment
for the fiscal quarter ended March 28, 2009 was $11.3 million, as compared to
$25.8 million for the fiscal quarter ended March 29, 2008. Our total capital
expenditures are projected to be significantly lower in 2009 as a result of the
economic uncertainty. We now estimate that 2009 capital expenditures will be
less than $50 million, lower than our previously published estimates. This
reduced level of annual capital spending is temporary and not sustainable in an
expanding economy.</FONT></P>
<P align=justify><FONT face=serif size=2>We maintain a credit facility, which
provides a revolving commitment of up to $250 million through April 20, 2012,
and a term loan which requires semi-annual principal payments through 2011. At
March 28, 2009, the term loan balance was $112.5 million, and $125 million was
outstanding under the revolving credit facility.</FONT></P>
<P align=justify><FONT face=serif size=2>Interest on the credit facility is
payable at prime or other variable interest rate options. We are required to pay
facility commitment fees. The credit facility also restricts us from paying cash
dividends and requires us to comply with other covenants, including the
maintenance of specific financial measures and ratios.</FONT></P>
<P align=justify><FONT face=serif size=2>The financial maintenance covenants
include (a) tangible net worth (as defined in the credit facility) of $1 billion
plus 50% of net income (without offset for losses) and 75% of net proceeds of
equity offerings since December 31, 2006; (b) a leverage ratio of not more than
3.50 to 1; (c) a fixed charge coverage ratio of not less than 2.50 to 1; and a
senior debt (as defined in the credit facility) to consolidated EBITDA ratio of
not more than 2.00 to 1. The computation of these ratios is more fully described
in Article 7 of the Vishay Intertechnology, Inc. Fourth Amended and Restated
Credit Agreement, which has been filed with the SEC as Exhibit 10.1 to our
current report on Form 8-K filed June 25, 2008, and is hereby incorporated by
reference.</FONT></P>
<P align=justify><FONT face=serif size=2>We were in compliance with all
covenants at March 28, 2009. Our tangible net worth, calculated pursuant to the
terms of the credit facility, was $1,274 million, which is $209 million more
than the minimum required under the related credit facility covenant. Our
leverage ratio, fixed charge coverage ratio, and senior debt ratio were 1.18 to
1, 4.53 to 1, and 0.85 to 1, respectively.</FONT></P>
<P align=justify><FONT face=serif size=2>We expect to continue to be in
compliance with these covenants based on current projections. We also have
mechanisms, including deferral of capital expenditures and other discretionary
spending, to facilitate on-going compliance. However, in the current economic
environment, there is a reasonable possibility that we could fail certain
financial covenants, particularly the fixed charge coverage ratio covenant, at
future measurement dates.</FONT></P>
<P align=center><FONT face=serif size=2>38</FONT></P>
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<PAGE>
<P align=justify><FONT face=serif size=2>If we are not in compliance with all of
the required financial covenants, the credit facility could be terminated by the
lenders, and all amounts outstanding pursuant to the credit facility (including
the term loan) could become immediately payable. Additionally, our Exchangeable
Notes due 2102 have cross-default provisions that could accelerate repayment in
the event of continuing non-compliance with the credit facility
covenants.</FONT></P>
<P align=justify><FONT face=serif size=2>Based on expected financial results
over the next several quarters, we expect our leverage ratio to increase, which
would result in an increase to the variable rate of interest paid on outstanding
borrowings under the credit facility.</FONT></P>
<P align=justify><FONT face=serif size=2>Borrowings under the credit facility
are secured by pledges of stock in certain significant subsidiaries and certain
guarantees by significant subsidiaries. The subsidiaries would be required to
perform under the guarantees in the event that Vishay failed to make principal
or interest payments under the credit facility. Certain of our subsidiaries are
permitted to borrow under the credit facility. Any borrowings by these
subsidiaries under the credit facility are guaranteed by Vishay.</FONT></P>
<P align=justify><FONT face=serif size=2>While the timing and location of
scheduled payments for certain liabilities will require us to draw additional
amounts on our credit facility from time to time, for the next twelve months,
management expects that cash on-hand and cash flows from operations will be
sufficient to meet our normal operating requirements, to meet our obligations
under restructuring and acquisition integration programs, to fund scheduled debt
maturities, and to fund our research and development and capital expenditure
plans. Acquisition activity may require additional borrowing under our credit
facility or may otherwise require us to incur additional debt.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Economic Outlook and Impact on
Operations and Future Financial Results</FONT></B></P>
<P align=justify><FONT face=serif size=2>The worldwide financial crisis will
have direct and indirect impacts on our business operations and the amounts
reported in our consolidated financial statements. Many of these impacts are
related to inherent risks of our business, as more fully described in Part I,
Item 1A, &#147;Risk Factors,&#148; of our Annual Report on Form 10-K. Specifically, these
impacts could include, but are not limited to, the following:</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Orders, Revenues, and
Margins</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>A decline in product demand on a global
basis could result in order cancellations and deferrals, lower total revenues,
and lower average selling prices. Our customers may cancel orders if business is
weak and their inventories are excessive. We have experienced substantial
cancellations and/or deferrals of orders to future periods in the current
economic environment. A slowdown in demand or recessionary trends in the global
economy make it more difficult for us to predict our future sales and manage our
operations.</FONT></P>
<P align=justify><FONT face=serif size=2>Declines in demand are driven by market
conditions in the end-use markets for our products. Changes in the demand mix,
needed technologies, and these end-use markets may adversely affect our ability
to match our products, inventory, and capacity to meet customer demand. This may
result in a material increase in excess or obsolete inventory and excess
capacity, which will reduce gross margins.</FONT></P>
<P align=justify><FONT face=serif size=2>Furthermore, a reduction in sales
volume may, in turn, result in a reduction of production volume. A reduction in
production volume would reduce the number of units available to absorb fixed
costs, increasing the costs of individual units produced and resulting in lower
gross margins when those units are sold.</FONT></P>
<P align=center><FONT face=serif size=2>39</FONT></P>
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<PAGE>
<P align=justify><B><I><FONT face=serif size=2>Debt Covenants
</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Our credit facility requires us to
comply with other covenants, including the maintenance of specific financial
measures and ratios. We were in compliance with all covenants at March 28, 2009,
and we expect to continue to be in compliance with these covenants based on
current projections. We also have mechanisms, including deferral of capital
expenditures and other discretionary spending, to facilitate on-going
compliance. However, in the current economic environment, there is a reasonable
possibility that we could fail certain financial covenants, particularly the
fixed charge coverage ratio covenant, at future measurement dates. </FONT></P>
<P align=justify><FONT face=serif size=2>If we are not in compliance with all of
the required financial covenants, the credit facility could be terminated by the
lenders, and all amounts outstanding pursuant to the credit facility (including
the term loan) could become immediately payable. Additionally, our Exchangeable
Notes due 2102 have cross-default provisions that could accelerate repayment in
the event of continuing non-compliance with the credit facility covenants.
</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Access to Capital Markets
</FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>In the United States, we presently have
a revolving credit facility with approximately $114 million of unused borrowing
capacity at March 28, 2009. We also have other committed and uncommitted lines
of credit available on a short-term basis in various countries around the world.
In light of the current environment, credit markets are functioning differently
than in the past, with key interest rate spreads increasing substantially, and
banks tightening lending standards. If Vishay were to require additional
capital, either to sustain normal operations, fund debt maturities, repay the
credit facility in the event of default, or to pursue a strategic acquisition,
we may be unable to obtain financing on terms which we consider acceptable, if
at all.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Interest Rates
</FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>We are exposed to changes in interest
rates as a result of our borrowing activities and our cash balances. Our credit
facility and our exchangeable notes due 2102 bear interest at variable rates
based on LIBOR. LIBOR has fluctuated significantly over the past nine months. A
significant increase in LIBOR would significantly increase our interest expense.
A general increase in interest rates would be largely offset by an increase in
interest income earned on our cash balances. However, their can be no assurance
that the interest rate earned on cash balances will move in tandem with the
interest rate paid on our variable-rate debt. </FONT></P>
<P align=justify><FONT face=serif size=2>Additionally, the interest rate paid on
outstanding balances under our credit facility could vary based on our leverage
ratio. Based on expected financial results over the next several quarters, we
expect our leverage ratio to increase, resulting in an increase to the variable
rate of interest paid on outstanding borrowings under the credit
facility.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Prices of Raw
Materials</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>The prices of certain raw materials
used in our products, particularly precious metals, are highly volatile. From
time to time, we enter into purchase commitments to acquire these materials at
fixed prices. Our policy is to enter into short-term commitments to purchase
defined portions of annual consumption of these metals if market prices decline
below budget. For periods when the prices of these materials are declining, we
may be required to record losses on adverse purchase commitments, as we did in
the fourth quarter of 2008 as a result of rapid declines in the market prices
for copper, palladium, and certain other metals. Such declines might also
require us to write down our inventory carrying costs for these raw materials,
because we record our inventory at the lower of cost or market. Depending on the
extent of the difference between market price and our carrying cost or committed
purchase price, this write-down could have a material adverse effect on our net
earnings. For periods when the prices of these materials are increasing, we may
be unable to pass on the increased cost to our customers, which would result in
decreased margins for the products in which these materials are used.</FONT></P>
<P align=center><FONT face=serif size=2>40 </FONT></P>
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<PAGE>
<P align=justify><B><I><FONT face=serif size=2>Collectibility of Accounts
Receivable </FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>Due to Vishay&#146;s large number of
customers and their dispersion across many countries and industries, we have
limited exposure to concentrations of credit risk. However, further
deterioration of economic conditions could result in customers defaulting on
payment or delaying payment, which could have a material impact on our cash
flows and results of operations.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Acquisitions </FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>Our growth strategy historically has
included expansion through acquisition of other manufacturers of electronic
components that have established positions in major markets, reputations for
product quality and reliability, and product lines with which we have
substantial marketing and technical expertise. In response to the uncertain
economic conditions, we do not plan to actively pursue acquisitions, but will
consider special opportunities should they arise. The failure to pursue
acquisitions could impede our future growth. Furthermore, if a special
opportunity should arise, our ability to finance the acquisition may be limited,
particularly in light of the current credit crisis.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Impairment of Assets
</FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>During 2008, we recorded material
impairment charges to reduce the carrying value of our goodwill to zero, and to
reduce the carrying value of certain intangible assets and certain property and
equipment. These impairments are generally measured based on expected future
cash flows. A continued decline in market conditions could require us to assess
whether or not our assets are further impaired, and may require additional,
material impairment charges.</FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Capital Expenditures
</FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>To preserve cash, we plan to defer
certain capital expenditures. This could limit our new product introductions or
our ability to meet customer demands. As a result, when the economy rebounds, we
may not have adequate manufacturing capacity, or we may have difficulty
expanding our manufacturing capacity, to satisfy demand.</FONT><B><I><FONT face=serif size=2> </FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Research and
Development</FONT></I></B><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>Our regular R&amp;D programs are
continuing and we will continue to roll out the new products that the market
demands. Some of our R&amp;D activities, however, have very long-term goals. To
reduce costs, we have deferred certain projects.</FONT><B><I><FONT face=serif size=2> </FONT></I></B></P>
<P align=justify><B><I><FONT face=serif size=2>Pension and Other Postretirement
Benefits </FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>Accounting for defined benefit pension
and other postretirement plans involves numerous assumptions and estimates, as
further described in Item 7 to our Annual Report on Form 10-K under the heading
&#147;Critical Accounting Policies and Estimates &#150; Pension and Other Postretirement
Benefits.&#148; Events in the financial markets have led to declines in the fair
value of investment securities held by our pension plans. Negative investment
returns are deferred as an actuarial item and amortized over future periods,
which has the effect of significantly increasing pension costs for 2009 and
possibly future periods. Furthermore, negative investment returns could
ultimately affect the funded status of the plans, requiring additional cash
contributions.</FONT></P>
<P align=justify><FONT face=serif size=2>In December 2008, the President of the
United States signed the Worker, Retiree, and Employer Recovery Act of 2008
(&#147;WRERA&#148;). WRERA provides certain relief from defined benefit plan funding
requirements. We are still evaluating the impact of WRERA on our U.S. defined
benefit pension plans. We anticipate making contributions to U.S. defined
benefit pension plans of between $15 million and $25 million in 2009, although
this amount could materially change based on our evaluation of WRERA.
</FONT></P>
<P align=center><FONT face=serif size=2>41 </FONT></P>
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<PAGE>
<P align=justify><B><I><FONT face=serif size=2>Restructuring</FONT></I></B></P>
<P align=justify><FONT face=serif size=2>Due to recessionary pressures, we
expect to restructure our operations to reduce our cost structure and to remain
competitive. In such restructuring programs, we seek to eliminate redundant
facilities and staff positions and move operations, where possible, to
jurisdictions with lower labor costs. During this process, we may experience
under-utilization of certain plants in high-labor-cost regions and capacity
constraints in plants located in low-labor-cost regions. This under-utilization
may result initially in production inefficiencies and higher costs. These costs
include those associated with compensation in connection with work force
reductions and increased depreciation costs in connection with the initiation or
expansion of production in lower-labor-cost regions. In addition, as we
implement transfers of certain of our operations we may experience strikes or
other types of labor unrest as a result of lay-offs or termination of our
employees in high-labor-cost countries.</FONT><B><I><FONT face=serif size=2>
</FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Income Taxes </FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>We have recorded deferred tax assets
representing future tax benefits, but may not be able to generate sufficient
income to realize these future tax benefits in certain jurisdictions. A
sustained decline in economic conditions could affect the ultimate realizability
of these deferred tax assets and could require us to record a valuation
allowance for these deferred tax assets.</FONT><B><I><FONT face=serif size=2>
</FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>Based on our anticipated U.S. cash
requirements, we expect that we will need to repatriate additional cash to repay
the term loan outstanding under our credit facility, and have recorded
additional tax expense in 2008 on this expected transaction because such
earnings are not deemed to be indefinitely reinvested outside of the United
States. Depending on the length and severity of the recession, we may have
additional U.S. cash needs which may require us to repatriate additional cash
from our non-U.S. subsidiaries and incur additional tax expense. </FONT></P>
<P align=justify><B><I><FONT face=serif size=2>Foreign Currency
</FONT></I></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>Foreign currency exchange rates have
fluctuated significantly over the past year. We are exposed to foreign currency
exchange rate risks, particularly due to transactions in currencies other than
the functional currencies of certain subsidiaries. Economic uncertainty in the
current environment exacerbates the possibility of significant adverse movements
in foreign currency exchange rates which could, in turn, have a significantly
adverse effect on our operating results. See also &#147;Foreign Currency Translation&#148;
above for additional discussion and analysis of the effects of foreign
currency.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Contractual Commitments
</FONT></B></P>
<P align=justify><FONT face=serif size=2>Our Annual Report on Form 10-K includes
a table of contractual commitments as of December 31, 2008. There were no
material changes to these commitments during the three fiscal months ended March
28, 2009. </FONT></P>
<P align=center><FONT face=serif size=2>42 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Safe Harbor Statement
</FONT></B></P>
<P align=justify><FONT face=serif size=2>From time to time, information provided
by us, including but not limited to statements in this report, or other
statements made by or on our behalf, may contain &#147;forward-looking&#148; information
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
statements involve a number of risks, uncertainties, and contingencies, many of
which are beyond our control, which may cause actual results, performance, or
achievements to differ materially from those anticipated.</FONT></P>
<P align=justify><FONT face=serif size=2>Such statements are based on current
expectations only, and are subject to certain risks, uncertainties, and
assumptions. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, estimated, or projected. Among the factors
that could cause actual results to materially differ include: general business
and economic conditions, particularly the current recessionary environment; difficulties
in integrating acquired companies, the inability to realize anticipated
synergies and expansion possibilities, and other unanticipated conditions
adversely affecting the operation of these companies; difficulties in new
product development;</FONT><B><FONT face=serif size=2> </FONT></B><FONT face=serif size=2>changes in competition and technology in the markets that we
serve and the mix of our products required to address these changes; an
inability to attract and retain highly qualified personnel, particularly in
respect of our acquired businesses; changes in foreign currency exchange rates;
difficulties in implementing our cost reduction strategies such as labor unrest
or legal challenges to our lay-off or termination plans, underutilization of
production facilities in lower-labor-cost countries, operation of redundant
facilities due to difficulties in transferring production to lower-labor-cost
countries;</FONT><B><FONT face=serif size=2> </FONT></B><FONT face=serif size=2>and other factors affecting our operations, markets, products, services,
and prices that are set forth in our Annual Report on Form 10-K for the year
ended December 31, 2008, filed with the Securities and Exchange Commission (the
&#147;SEC&#148;). We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events, or otherwise.</FONT></P>
<P align=justify><B><U><FONT face=serif size=2>Item 3</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Quantitative and
Qualitative Disclosures About Market Risk</FONT></U></B><B><FONT face=serif size=2> </FONT></B><FONT face=serif size=2></FONT></P>
<P align=justify><FONT face=serif size=2>There have been no material changes in
the market risks previously disclosed in Part II, Item 7A, &#147;Quantitative and
Qualitative Disclosures About Market Risk,&#148; of our Annual Report on Form 10-K
for the year ended December 31, 2008, filed with the SEC on February 26, 2009.
</FONT></P>
<P align=justify><B><U><FONT face=serif size=2>Item 4</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Controls and
Procedures</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Conclusion Regarding the
Effectiveness of Disclosure Controls and Procedures </FONT></B></P>
<P align=justify><FONT face=serif size=2>An evaluation was performed under the
supervision and with the participation of our management, including the Chief
Executive Officer (&#147;CEO&#148;) and Chief Financial Officer (&#147;CFO&#148;), of the
effectiveness of the design and operation of our disclosure controls and
procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e)
promulgated under the Securities Exchange Act of 1934, as amended (the &#147;Exchange
Act&#148;). Based on that evaluation, our CEO and CFO concluded that our disclosure
controls and procedures were effective as of the end of the period covered by
this quarterly report to ensure that information required to be disclosed in
reports that we file or submit under the Exchange Act are: (1) recorded,
processed, summarized, and reported within the time periods specified in the
SEC&#146;s rules and forms; and (2) accumulated and communicated to our management,
including our CEO and CFO, as appropriate to allow timely decisions regarding
required disclosure.</FONT><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Changes in Internal Control Over
Financial Reporting </FONT></B></P>
<P align=justify><FONT face=serif size=2>There were no changes in our internal
control over financial reporting during the period covered by this report that
have materially affected, or are reasonably likely to materially affect, our
internal control over financial reporting. </FONT></P>
<P align=center><FONT face=serif size=2>43 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=2>PART II - OTHER INFORMATION
</FONT></B></P>
<P align=justify><B><U><FONT face=serif size=2>Item 1</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Legal
Proceedings</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>Not applicable. </FONT></P>
<P align=justify><B><U><FONT face=serif size=2>Item 1A</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Risk
Factors</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>There have been no material changes
from the risk factors previously disclosed in Part I, Item 1A, &#147;Risk Factors,&#148;
of our Annual Report on Form 10-K for the year ended December 31, 2008, filed
with the SEC on February 26, 2009. </FONT></P>
<P align=justify><B><U><FONT face=serif size=2>Item 2</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Unregistered Sales
of Equity Securities and Use of Proceeds</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>Not applicable. </FONT></P>
<P align=justify><B><U><FONT face=serif size=2>Item 3</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Defaults Upon
Senior Securities</FONT></U></B><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>Not applicable. </FONT></P>
<P align=justify><B><U><FONT face=serif size=2>Item 4</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Submission of
Matters to a Vote of Security Holders</FONT></U></B><B><FONT face=serif size=2>
</FONT></B></P>
<P align=justify><FONT face=serif size=2>None. </FONT></P>
<P align=justify><B><U><FONT face=serif size=2>Item 5</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Other
Information</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>Not applicable. </FONT></P>
<P align=justify><B><U><FONT face=serif size=2>Item 6</FONT></U></B><B><FONT face=serif size=2>. </FONT></B><B><U><FONT face=serif size=2>Exhibits</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>10.1</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%">
      <P align=justify><FONT face=serif size=2>Vishay Intertechnology, Inc. 2007
      Stock Incentive Program (as amended and restated effective February
      2009).</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>31.1</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%">
      <P align=justify><FONT face=serif size=2>Certification pursuant to Rule
      13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as
      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Dr.
      Gerald Paul, Chief Executive Officer.</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>31.2</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%">
      <P align=justify><FONT face=serif size=2>Certification pursuant to Rule
      13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as
      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Dr.
      Lior E. Yahalomi, Chief Financial Officer.</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>32.1</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%">
      <P align=justify><FONT face=serif size=2>Certification Pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002 &#150; Dr. Gerald Paul, Chief Executive
      Officer.</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>32.2</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%">
      <P align=justify><FONT face=serif size=2>Certification Pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002 &#150; Dr. Lior E. Yahalomi, Chief Financial
      Officer.</FONT></P></TD></TR></TABLE>
<P align=center><FONT face=serif size=2>44 </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=2>SIGNATURES </FONT></B></P>
<P align=justify><FONT face=serif size=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly authorized.
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%" colSpan=2><FONT face=serif size=2>VISHAY
      INTERTECHNOLOGY, INC.</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="50%"></TD>
    <TD width="50%" colSpan=2>&nbsp; </TD></TR>
  <TR>
    <TD width="50%"></TD>
    <TD width="50%" colSpan=2>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="22%"><FONT face=serif size=2>/s/ Lior E. Yahalomi</FONT>&nbsp; </TD>
    <TD noWrap align=left width="28%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%" colSpan=2><FONT face=serif size=2>Dr.
      Lior E. Yahalomi</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%" colSpan=2><FONT face=serif size=2>Executive Vice President and Chief Financial Officer</FONT>&nbsp;
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%" colSpan=2><FONT face=serif size=2>(as a
      duly authorized officer and principal financial officer)</FONT>&nbsp;
  </TD></TR>
  <TR>
    <TD width="50%"></TD>
    <TD width="50%" colSpan=2>&nbsp; </TD></TR>
  <TR>
    <TD width="50%"></TD>
    <TD width="50%" colSpan=2>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="22%"><FONT face=serif size=2>/s/ Lori Lipcaman</FONT>&nbsp; </TD>
    <TD noWrap align=left width="28%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%" colSpan=2><FONT face=serif size=2>Lori
      Lipcaman</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%" colSpan=2><FONT face=serif size=2>Executive Vice President and Chief Accounting Officer</FONT>&nbsp;
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%" colSpan=2><FONT face=serif size=2>(as a
      duly authorized officer and principal accounting officer)</FONT>&nbsp;
  </TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Date: May 5, 2009</FONT></P>
<P align=center><FONT face=serif size=2>45 </FONT></P>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit_10-1.htm
<DESCRIPTION>VISHAY INTERTECHNOLOGY, INC. 2007 STOCK INCENTIVE PROGRAM
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
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<BODY bgcolor="#ffffff">

<P align=right><B><FONT face=serif size=2>Exhibit 10.1 </FONT></B></P>
<P align=center><B><FONT face=serif size=2>Vishay Intertechnology, Inc. 2007
Stock Incentive Program <BR>(as amended and restated effective February 2009)
</FONT></B></P>
<P align=left><FONT face=serif size=2>1.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Purpose</FONT></U><FONT face=serif size=2>
</FONT></P>
<P align=justify><FONT face=serif size=2>The Vishay Intertechnology, Inc. 2007
Stock Incentive Program (the &#147;Program&#148;) provides for the grant of stock options,
restricted stock and restricted stock units to executive officers, key employees
and directors of Vishay Intertechnology, Inc. (the &#147;Company&#148;) and its
subsidiaries. The purpose of the Program is to enhance the long-term performance
of the Company and to provide the selected individuals with an incentive to
improve the growth and profitability of the Company by acquiring a proprietary
interest in the success of the Company. </FONT></P>
<P align=left><FONT face=serif size=2>2.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Definitions</FONT></U><FONT face=serif size=2>
</FONT></P>
<P align=justify><FONT face=serif size=2>Whenever used in the Program, the
masculine pronoun shall be deemed to include the feminine, the singular to
include the plural, unless the context clearly indicates otherwise, and the
following capitalized words and phrases shall have the meaning set forth below
unless the context plainly requires a different meaning: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>(a)</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;Agreement&#148; means the
      written agreement between the Company and a Participant, or other
      documentation, evidencing an Award.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(b)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;Award&#148; means a Stock
      Option, Restricted Stock, Unrestricted Stock or Restricted Stock
      Unit.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(c)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;Board&#148; means the
      Board of Directors of the Company.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(d)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Cause&#148; means conduct by a
      Participant amounting to (1) fraud or dishonesty against the Company, (2)
      willful misconduct, repeated refusal to follow the reasonable directions
      of the Board of Directors of the Company, or knowing violation of law in
      the course of performance of the duties of Participant's employment with
      the Company, (3) repeated absences from work without a reasonable excuse,
      (4) intoxication with alcohol or drugs while on the Company's premises
      during regular business hours, (5) a conviction or plea of guilty or no
      contest to a felony or a crime involving dishonesty, or (6) a breach or
      violation of any Company policies regarding employee conduct, or a breach
      or violation of the terms of any employment or other agreement between
      Participant and the Company.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(e)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;Class B Common Stock&#148;
      means the Class B common stock, $0.10 par value per share, of the
      Company.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(f)</FONT>&nbsp;</TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;Code&#148; means the
      Internal Revenue Code of 1986, as amended.</FONT></TD></TR></TABLE>
<P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>(g)</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Committee&#148; means the
      Compensation Committee of the Board of Directors of the
    Company.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(h)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Common Stock&#148; means the common
      stock, par value $0.10 per share of the Company, other than Class B Common
      Stock.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(i)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Company&#148; means Vishay
      Intertechnology, Inc. a Delaware corporation, or any successor
      organization.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(j)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Consent&#148; has the meaning
      prescribed in Section 13 below.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(k)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Disability&#148; means a physical or
      mental condition which, in the judgment of the Committee, permanently
      prevents a Participant from performing his usual duties for the Company or
      such other position or job which the Company makes available to him and
      for which the Participant is qualified by reason of his education,
      training and experience. In making its determination the Committee may,
      but is not required to, rely on advice of a physician competent in the
      area to which such Disability relates. The Committee may make the
      determination in its sole discretion and any decision of the Committee
      shall be binding on all parties.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(l)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Employee&#148; means a full-time,
      nonunion, salaried employee, as that term is understood under the common
      law, of the Company.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(m)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Exercise Price&#148; means the price
      per share at which Common Stock may be purchased upon exercise of a Stock
      Option.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(n)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Expiration Date&#148; means the last
      date upon which a Stock Option can be exercised, as described in Section
      6(b).</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(o)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Fair Market Value&#148; means, for
      any particular date, the last sale price of the Common Stock on the New
      York Stock Exchange or, if no reported sales take place on the applicable
      date, the average of the high bid and low asked price of the Common Stock
      as reported for such date or, if no such quotation is made on such date,
      on the next preceding day on which there were quotations, provided that
      such quotations shall have been made within the ten (10) business days
      preceding the applicable date. In the event that the Fair Market Value
      cannot be thus determined, it shall be determined in good faith by the
      Committee.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(p)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Involuntary Termination&#148; means a
      Termination of Employment but does not include a Termination of Employment
      for Cause or a Voluntary Resignation.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(q)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%">
      <P><FONT face=serif size=2>&#147;Participant&#148; means an individual to whom an
      Award is granted pursuant to the Program.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(r)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Program&#148; means the 2007 Vishay
      Intertechnology, Inc. Stock Incentive Program.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(s)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>&#147;Program Action&#148; has the meaning
      prescribed in Section 13 below.</FONT></P></TD></TR></TABLE>
<P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>(t)</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>&#147;Restricted
      Stock&#148; means restricted shares of Common Stock that may not be transferred
      until vested and are forfeitable.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(u)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>&#147;Restricted
      Stock Unit&#148; or &#147;RSU&#148; means the right to receive a share of Common Stock on
      a date determined by the Committee and set forth in the applicable
      Agreement.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(v)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>&#147;Retirement&#148;
      means a Termination of Employment from the Company or a Subsidiary, with
      the consent of the Company, on or after the &#147;normal retirement age&#148;
      defined under any tax qualified retirement plan maintained by the
      Company.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(w)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>&#147;Stock
      Option&#148; or &#147;Option&#148; means a right to purchase shares of Common Stock
      granted pursuant to Section 6 of this Program, which shall not be treated
      as an incentive stock option under section 422 of the Code.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(x)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>&#147;Subsidiary&#148;
      means any corporation (other than the Company) in an unbroken chain of
      corporations beginning with the Company if, at the time of the granting of
      the Award, each of the corporations other than the last corporation in the
      unbroken chain owns stock equal to 50% or more of the total combined
      voting power of all classes of stock in one of the other corporations in
      the chain.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(y)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>&#147;Termination
      of Employment&#148; means the termination of the employee-employer relationship
      between an Employee and the Company or a Subsidiary, or the termination of
      service as a member of the Board, regardless of the fact that severance or
      similar payments are made to the Participant, for any reason, including,
      but not limited to, a Voluntary Resignation, Involuntary Termination,
      termination for Cause, death, Disability or Retirement. The Committee
      shall, in its absolute discretion, determine the effect of all matters and
      questions relating to a <FONT face=serif size=2>Termination of Employment,
      including, but not by way of limitation, the question of whether a leave
      of absence constitutes a Termination of Employment, or whether a
      Termination of Employment is for Cause. If a Participant is both an
      Employee and a member of the Board or if a Participant ceases to be an
      Employee or Board member and immediately commences service in the other
      capacity, then a <FONT face=serif size=2>Termination of Employment shall
      occur when the Participant is neither an Employee nor a member of the
      Board.</FONT></FONT></FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(z)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>&#147;Unrestricted Stock&#148; means unrestricted shares of Common
      Stock.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(aa)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>&#147;Voluntary
      Resignation&#148; means a Termination of Employment as a result of the
      Participant's resignation.</FONT></TD></TR></TABLE>
<P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=left><FONT face=serif size=2>3.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Administration</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>a)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>The
Program shall be administered by the Committee, which shall consist of at least
two directors who are not Employees of the Company or a Subsidiary. The members
of the Committee shall be appointed by, and serve at the pleasure of, the Board.
To the extent required for transactions under the Program to qualify for the
exemptions available under Rule 16b-3 promulgated under the Securities Exchange
Act of 1934, the members of the Committee shall be &#147;non-employee directors&#148;
within the meaning of Rule 16b-3. To the extent required for compensation
realized from Awards to be deductible by the Company pursuant to section 162(m)
of the Code, the members of the Committee shall be &#147;outside directors&#148; within
the meaning of section 162(m). Notwithstanding the foregoing, no grant of an
Award shall be invalidated if the Committee is not so constituted. If the
Committee does not exist, or for any other reason determined by the Board, the
Board may take any action under the Plan that would otherwise be the
responsibility of the Committee. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>b)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>The
Committee shall have full authority, in its discretion, (a) to determine the
Employees of the Company or any Subsidiary to whom Awards shall be granted and
the terms and provisions of each Award, subject to the provisions of this
Program, (b) to exercise all of the powers granted to it under this Program, (c)
to construe, interpret and implement the Program and any Agreement, (d) to
prescribe, amend and rescind rules and regulations relating to this Program,
including rules governing its own operations, (e) to determine the terms and
provisions of the respective Agreement with each Participant, (f) to make all
determinations necessary or advisable in administering the Program, and (g) to
correct any defect, supply any omission and reconcile any inconsistency in the
Program. The Committee's determinations under the Program need not be uniform
and may be made by it selectively among persons who receive, or are eligible to
receive, Awards under the Program (whether or not such persons are similarly
situated). The Committee's decisions shall be final and binding on all
Participants. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>c)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Action of
the Committee shall be taken by the vote of a majority of its members. The
determination of the Committee on all matters relating to the Program or any
Agreement (including, without limitation, the determination as to whether an
event has occurred resulting in a forfeiture or a termination or reduction of
the Company's obligations in accordance with the terms of this Program) shall be
final, binding and conclusive. No member of the Committee shall be liable for
any action or determination made in good faith with respect to the Program or
any award thereunder. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>d)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Notwithstanding any other provision of the Plan, the Committee (or the
Board acting instead of the Committee), may delegate to one or more officers of
the Company the authority to designate the individuals (other than such
officer(s) or any member of the Board), among those eligible to receive awards
pursuant to the terms of the Program, who will receive Awards and the size of
each such grant, to the fullest extent permitted by Section 157 of the Delaware
General Corporation Law (or any successor provision thereto). </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>e)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>With
respect to Awards granted to members of the Board who are not employees of the
Company, the Plan shall be administered (as otherwise set forth in this Section
3), including determining which individuals shall receive Awards and the terms
of any such Awards, solely by the Board. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=left><FONT face=serif size=2>4.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Shares Available</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>a)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Subject to
adjustment in accordance with Section 4(b), the number of shares of Common Stock
for which Awards may be granted under this Program is 3,000,000, which may
consist of treasury shares or authorized but unissued shares. The maximum number
of shares of Common Stock subject to Awards granted under this Program to any
participating Employee for any year shall not exceed 300,000 shares, subject to
adjustment in accordance with Section 4(b), below. To the extent permitted by
law, any shares of Common Stock attributable to the unexercised or otherwise
unsettled portion of any Stock Option that is forfeited, canceled, expires or
terminates for any reason without being exercised or otherwise settled in full
shall again be available for the grant of Awards under this Program, and any
shares of Common Stock tendered to the Company in payment of the Exercise Price
of a Stock Option shall also be available for the grant of Awards under this
Program, provided that no more than 3,000,000 shares of Common Stock
cumulatively shall be available under this Program at any time. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>b)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>If there
is any change in the outstanding shares of Common Stock by reason of a stock
dividend or distribution, or stock split-up, or by reason of any merger,
consolidation, spinoff or other corporate reorganization in which the Company is
the surviving corporation, the number of shares that may be delivered under the
Program and the number of shares subject to each outstanding Option award, and,
if appropriate, the Exercise Price under each such Option, shall be equitably
adjusted by the Committee, whose determination shall be final, binding and
conclusive. After any adjustment made pursuant to this Section 4(b), the number
of shares subject to each outstanding Option shall be rounded down to the
nearest whole number. </FONT></P>
<P align=left><FONT face=serif size=2>5.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Eligibility</FONT></U><FONT face=serif size=2>
</FONT></P>
<P align=justify><FONT face=serif size=2>Officers, other Employees of the
Company or a Subsidiary, and members of the Board, who are responsible for or
contribute to the management, growth, and profitability of the business of the
Company or a Subsidiary are eligible for participation in this Program. The
selection of individuals for participation in the Program shall be made by the
Committee, based on a subjective evaluation of each individual's performance and
expected future contribution to the Company and its Subsidiaries, and may take
into account the recommendations of the Chief Executive Officer of the Company.
</FONT></P>
<P align=left><FONT face=serif size=2>6.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Granting of Stock Options</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>a)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Grant
of Stock Options</FONT></U><FONT face=serif size=2>. The Committee, in its
discretion, may grant Stock Options during any year that this Program is in
effect to any eligible Employee. The terms of each Stock Option shall be
contained in an Agreement, which shall contain the number of shares of Common
Stock covered by the Option, the period during which the Option may be
exercised, the Exercise Price, and any additional terms and conditions not
inconsistent with this Program that the Committee deems to be appropriate. The
Committee shall have complete discretion in determining the number of shares of
Common Stock subject to each Option grant (subject to the share limitations set
forth in Section 4(a)) and, consistent with the provisions of this Program, the
terms, conditions and limitations pertaining to each Option. The terms of
Options need not be uniform among Participants. By accepting a Stock Option, a
Participant thereby </FONT><FONT face=serif size=2>agrees that the </FONT><FONT face=serif size=2>Option shall be subject to all of the terms and conditions of
this Program and the applicable Agreement. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>b)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Option
Term</FONT></U><FONT face=serif size=2>. The duration of each Option shall be
specified in the Agreement and shall not exceed ten (10) years. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>c)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Option
Price</FONT></U><FONT face=serif size=2>. The Exercise Price of the Common Stock
purchasable under any Stock Option shall be determined by the Committee and set
forth in each Agreement, subject to adjustment in accordance with Section 4(b).
The Exercise Price shall not be less than the Fair Market Value of a share of
Common Stock on the date the Option is granted. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>d)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Exercise of Stock Options</FONT></U><FONT face=serif size=2>. Each
Agreement shall contain a vesting schedule, which shall specify when the Stock
Option shall become vested and thus exercisable; provided, however, that
subsequent to the grant of an Option, the Committee, at any time before complete
termination of such Option, may accelerate the time or times at which such
Option may be exercised in whole or in part, and may permit the Participant or
any other designated person acting for the benefit of the Participant to
exercise all or any part of the Option during all or part of the remaining
Option term specified in Section 6(a), notwithstanding any provision of the
Agreement to the contrary. </FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>e)</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Termination of Employment</FONT></U><FONT face=serif size=2>. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(i)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Death or Disability</FONT></U><FONT face=serif size=2>. If a Participant
has a Termination of Employment as a result of death or Disability, the time at
which the unexercised portion of any Option becomes exercisable may be
accelerated, including to make the Option immediately exercisable in full.
Except as otherwise provided in an applicable Agreement, the Option, to the
extent that it is not exercisable on the date of termination, shall expire and
terminate on such date of termination and the Option, to the extent that it is
exercisable (including after any acceleration of vesting) on such date of
termination, shall expire and terminate on the earlier of the Expiration Date or
first anniversary of the Participant's death or disability. Any exercise of an
Option following a Participant's death shall be made only by the Participant's
executor or administrator, unless the Participant's will specifically disposes
of such award, in which case such exercise shall be made only by the recipient
of such specific disposition. If a Participant's personal representative or the
recipient of a specific disposition shall be entitled to exercise an Option
pursuant to the preceding sentence, such representative or recipient shall be
bound by all the terms and conditions of the Program and the applicable
Agreement which would have applied to the Participant. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(ii)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Retirement</FONT></U><FONT face=serif size=2>. If a Participant has a
Termination of Employment due to Retirement, the time at which the unexercised
portion of an Option becomes exercisable may be accelerated, including to make
the Option immediately exercisable in full. Except as otherwise provided in an
applicable Agreement, the Option, to the extent that it is not exercisable on
the date of retirement, shall expire and terminate on such date of retirement
and the Option, to the extent that it is exercisable (including after any
acceleration of vesting) on such date of retirement, shall expire and terminate
on the earlier of the last day of the Option term or the first anniversary of
the Participant's retirement. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(iii)</FONT><FONT face=serif size=2> </FONT><U><FONT face=serif size=2>Other Termination</FONT></U><FONT face=serif size=2>. Except
as otherwise provided in an applicable Agreement, if a Participant has a
Termination of Employment for reasons other than as provided in subsections (i)
and (ii) above, the Option, to the extent that it is not exercisable on the date
of termination, shall expire and terminate on such date of termination and the
Option, to the extent that it is exercisable (including after any acceleration
of vesting) on such date of termination, shall expire and terminate on the
earlier of the Expiration Date of the Option or on the 60th day after the
Participant's termination; provided, however, that the unexercised portion of
any Option (including any vested portion) shall expire and terminate immediately
upon a Termination of Employment for Cause.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(iv)</FONT><FONT face=serif size=2> </FONT><FONT face=serif size=2>In the event that</FONT><U><FONT face=serif size=2> </FONT></U><FONT face=serif size=2>the Company in its sole discretion determines that the
Participant has, at any time during the 12-month period following Termination of
Employment violated the terms of any agreement with the Company or a Subsidiary
regarding (i) engaging in a business that competes with the business of the
Company or any Subsidiary, (ii) interfering in any material respect with any
contractual or business relationship of the Company or any Subsidiary, or (iii)
soliciting the employment of any person who was during such 12-month period, a
director, officer, partner, Employee, agent or consultant of the Company or a
Subsidiary, then (x) all outstanding unexercised Stock Options issued to the
holder pursuant to the Program shall be forfeited and (y) upon written request
from the Company, the Participant shall pay to the Company any gain realized
upon the exercise of an Option within the 12-month period preceding the
violation or such other period as may be set forth in the applicable Agreement.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>f)</FONT><FONT face=serif size=2> </FONT><U><FONT face=serif size=2>Transfer of Option</FONT></U><FONT face=serif size=2>. Unless the
Committee determines otherwise at the time an Option is granted, no Option
granted under the Program shall be assignable or transferable other than by will
or by the laws of descent and distribution, and all Options shall be exercisable
during the life of the Participant only by the Participant or his legal
representative. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>g)</FONT><FONT face=serif size=2> </FONT><U><FONT face=serif size=2>Substituted Options</FONT></U><FONT face=serif size=2>. Notwithstanding
anything to the contrary in this Section 6, any Option issued in substitution
for an Option previously issued by another entity, which substitution occurs in
connection with a transaction to which Code section 424(a) is applicable, may
provide for an exercise price computed in accordance with such Code section and
the regulations thereunder and may contain such other terms and conditions as
the Committee may prescribe to cause such substitute Option to contain as nearly
as possible the same terms and conditions (including the applicable vesting and
termination provisions) as those contained in the previously issued Option being
replaced thereby. </FONT></P>
<P align=justify><FONT face=serif size=2>7.</FONT><FONT face=serif size=2>
</FONT><U><FONT face=serif size=2>Exercise of Stock Options</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>A Stock Option shall be exercised by
the delivery of a written notice of exercise to the Vice President and Secretary
of the Company, or such other person specified by the Committee, setting forth
the number of shares of Common Stock with respect to which the Option is to be
exercised, accompanied by full payment of the Exercise Price and any required
withholding taxes. Payment of the Exercise Price for the shares of Common Stock
being purchased shall be made: (a) by certified or official bank check (or the
equivalent thereof acceptable to the Company), or (b) at the discretion of the
Committee and to the extent permitted by law, by such other provision as the
Committee may from time to time prescribe. The Committee may allow </FONT><FONT face=serif size=2>exercises to be made by means of a &#147;cashless exercise,&#148; with
the delivery of payment as permitted under Federal Reserve Board Regulation T,
subject to applicable securities law restrictions, or by any other means which
the Committee determines to be consistent with the Program's purpose and
applicable law. Payment shall be made on the date that the Option or any part
thereof is exercised, and no shares shall be issued or delivered upon exercise
of an Option until full payment has been made by the Participant. Promptly after
receiving payment of the full Exercise Price, the Company shall, subject to the
provisions of Section 13, deliver to the Participant, or to such other person as
may then have the right to exercise the Option, a certificate for the shares of
Common Stock for which the Option has been exercised. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>8.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Employees Based Outside of the United
States</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>Notwithstanding any provision of this
Program to the contrary, in order to foster and promote the achievement of the
purposes of the Program, or to comply with these provisions in other countries
in which the Company or any Subsidiary operates or has Employees, the Committee,
in its sole discretion, shall have the power and authority to (i) determine
which Employees employed outside the United States are eligible to participate
in the Program, (ii) modify the terms and conditions of any options granted to
Employees who are employed outside the United States (including the grant of
stock appreciation rights, as described in the following paragraph, in lieu of
stock options), and (iii) establish subprograms, modified Option exercise
procedures and other terms and procedures to the extent such actions may be
necessary or advisable. </FONT></P>
<P align=justify><FONT face=serif size=2>The Committee in its discretion may
grant stock appreciation rights in lieu of Stock Options to Employees employed
outside the United States. A stock appreciation right shall provide an Employee
the right to receive in cash the difference between the Fair Market Value of a
share of Common Stock on the grant date and the exercise date, and otherwise
shall have the same terms and conditions as a Stock Option granted hereunder.
Stock appreciation rights granted under this Section 8 shall be considered as
Stock Options for the application of the limitations in Section 4(a) of the
Program. </FONT></P>
<P align=justify><FONT face=serif size=2>9.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>No Rights as a Stockholder</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>No Participant (or other person having
the right to exercise an Option) shall have any of the rights of a stockholder
of the Company with respect to shares subject to an Option until the issuance of
a stock certificate to such person for such shares or the establishment of an
account evidencing ownership of such shares in uncertificated form, except as
otherwise provided in Section 4(b). </FONT></P>
<P align=justify><FONT face=serif size=2>10.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Restricted Stock</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>a)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Restricted Stock Grants</FONT></U><FONT face=serif size=2>. The Committee
may grant Restricted Stock to such key persons, in such amounts, and subject to
such vesting and forfeiture provisions and other terms and conditions as the
Committee shall determine in its sole discretion, subject to the provisions of
the Program. The terms of a grant of Restricted Stock shall be contained in an
Agreement, which shall contain the number of shares of Restricted Stock granted,
when the Restricted Stock vests and any additional terms and conditions not
inconsistent with this Program that the Committee deems to be appropriate If the
Restricted Stock is newly issued by the Company, the </FONT><FONT face=serif size=2>Participant must make payment to the Company or its exchange agent in an
amount at least equal to the par value of the shares as required by the
Committee and in accordance with the Delaware General Corporation Law.
</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>b)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Issuance of Stock Certificate(s)</FONT></U><FONT face=serif size=2>.
Promptly after the Committee grants Restricted Stock to a Participant, the
Company or its exchange agent shall issue to the Participant a stock certificate
or stock certificates for the shares of Common Stock covered by the Award or
shall establish an account evidencing ownership of the stock in uncertificated
form. Upon the issuance of such stock certificate(s) or establishment of such
account, the Participant shall have the rights of a stockholder with respect to
the restricted stock, subject to: (i) the nontransferability restrictions and
forfeiture provision described in Sections 10(d) and 10(e); (ii) in the
Committee&#146;s discretion, a requirement that any dividends paid on such shares
shall be held in escrow until all restrictions on such shares have lapsed; and
(iii) any other restrictions and conditions contained in the applicable
Agreement. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>c)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Custody
of Stock Certificate(s)</FONT></U><FONT face=serif size=2>. Unless the Committee
shall otherwise determine, any stock certificates issued evidencing shares of
restricted stock shall remain in the possession of the Company until such shares
are free of any restrictions specified in the applicable Agreement. The
Committee may direct that such stock certificate(s) bear a legend setting forth
the applicable restrictions on transferability or, if the Restricted Stock is in
book entry form, that such book entry or account be subject to electronic coding
or stop order indicating that such shares of Restricted Stock are restricted by
the terms of the Program. Such legend, electronic coding or stop order shall not
be removed until such shares of Restricted Stock vest. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>d)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Nontransferability</FONT></U><FONT face=serif size=2>. Restricted Stock
may not be sold, assigned, transferred, pledged or otherwise encumbered or
disposed of except as otherwise specifically provided in this Program or the
applicable Agreement. The Committee at the time of grant shall specify the date
or dates (which may depend upon or be related to a period of continued
employment with the Company, the attainment of performance goals or other
conditions or a combination of such conditions) on which the nontransferability
of the restricted stock shall laps. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>e)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Termination of Employment</FONT></U><FONT face=serif size=2>. Except as
may otherwise be provided by the Committee at any time prior to a Participant&#146;s
termination of employment, a Participant&#146;s termination of employment for any
reason (including death) shall cause the immediate forfeiture of all Restricted
Stock that has not yet vested as of the date of such termination of employment.
Unless the Board or the Committee determines otherwise, all dividends paid on
such shares also shall be forfeited, whether by termination of any escrow
arrangement under which such dividends are held, by the Participant&#146;s repayment
of dividends received directly, or otherwise. </FONT></P>
<P align=justify><FONT face=serif size=2>11.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Unrestricted Stock</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>The Committee may grant (or sell at a
purchase price at least equal to par value) shares of Common Stock free of
restrictions under the Program, to such key persons and in such amounts as the
Committee shall determine in its sole discretion. Shares may be thus granted or
sold in respect of past services or other valid consideration. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>12.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Restricted Stock Units</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>a)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Restricted Stock Unit Grants</FONT></U><FONT face=serif size=2>. The
Committee may grant Restricted Stock Units to such key persons, in such amounts,
and subject to such terms and conditions as the Committee shall determine in its
discretion, subject to the provisions of the Program. The terms of a grant of
Restricted Stock Units shall be contained in an Agreement, which shall contain
the number of Restricted Stock Units granted, when the Restricted Stock Units
vest, when the shares of Common Stock will be issued and any additional terms
and conditions not inconsistent with this Program that the Committee deems to be
appropriate. Unless the applicable Agreement provides otherwise, a share of
Common Stock will be issued immediately upon vesting of a Restricted Stock Unit.
RSUs may be awarded independently of or in connection with any other Award under
the Program. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>b)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Vesting</FONT></U><FONT face=serif size=2>. Restricted stock units may
not be sold, assigned, transferred, pledged or otherwise encumbered or disposed
of except as otherwise specifically provided in this Program or the applicable
Agreement. The Committee at the time of grant shall specify the date or dates
(which may depend upon or be related to a period of continued employment with
the Company, the attainment of performance goals or other conditions or a
combination of such conditions) on which the RSUs shall vest. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>c)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Termination of Employment</FONT></U><FONT face=serif size=2>. Except as
may otherwise be provided by the Committee at any time prior to a Participant&#146;s
termination of employment, a Participant&#146;s termination of employment for any
reason (including death) shall cause the immediate forfeiture of all RSUs that
have not yet vested as of the date of such termination of employment.
</FONT></P>
<P align=justify><FONT face=serif size=2>13.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Consents and Approvals</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>If the Committee shall at any time
determine that any Consent (as hereinafter defined) is necessary or desirable as
a condition of, or in connection with, the issuance of shares under the Program
or the taking of any other action thereunder (each such action being hereinafter
referred to as a &#147;Program Action&#148;), then such Program Action shall not be taken,
in whole or in part, unless and until such Consent shall have been effected or
obtained to the full satisfaction of the Committee. The term &#147;Consent&#148; as used
herein with respect to any Program Action means (a) any and all listings,
registrations or qualifications in respect thereof upon any securities exchange
or under any federal, state or local law, rule or regulation, (b) any and all
written agreements and representations by the Participant with respect to the
disposition of shares, or with respect to any other matter, which the Committee
shall deem necessary or desirable to comply with the terms of any such listing,
registration or qualification or to obtain an exemption from the requirement
that any such listing, qualification or registration be made and (c) any and all
consents, clearances and approvals in respect of a Program Action by any
governmental or other regulatory bodies. </FONT></P>

<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>14.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Change in Control</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>a)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Change
in Control Defined</FONT></U><FONT face=serif size=2>. A &#147;Change in Control&#148;
shall be deemed to have occurred at such time as: </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(i)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>a &#147;person&#148; or &#147;group&#148; within the meaning of Section 13(d) of the
Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) (other than the Company or
any of its Subsidiaries or any employee benefit plans of the Company or any of
its Subsidiaries or any Permitted Holders) becomes the direct or indirect
&#147;beneficial owner&#148;, as defined in Rule 13d-3 under the Exchange Act, of 50% or
more, in the aggregate, of the voting power of the (x) Common Stock and Class B
Common Stock then outstanding or (y) other capital stock into which the Common
Stock or Class B Common Stock is reclassified or changed; </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(ii)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>the consummation of any share exchange, consolidation or merger of the
Company pursuant to which the Common Stock will be converted into cash,
securities or other property or any sale, lease or other transfer in one
transaction or a series of transactions of all or substantially all of the
consolidated assets of the Company and its Subsidiaries, taken as a whole, to
any person other than to a Subsidiary of the Company; provided, however, that a
transaction where the holders of the Common Stock and the Class B Common Stock
immediately prior to such transaction own, directly or indirectly, more than 50%
of aggregate voting power of all classes of common equity of the continuing or
surviving corporation or transferee entitled to vote generally in the election
of directors immediately after such event shall not be a Change in Control;
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(iii)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>the Continuing Directors cease to constitute at least a majority of the
Company&#146;s board of directors; or </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(iv)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>the stockholders of the Company approve any plan or proposal for the
liquidation or dissolution of the Company. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>&#147;Permitted Holder&#148; means each of Dr. Felix Zandman or his
wife, children or lineal descendants, the Estate of Mrs. Luella B. Slaner or her
children or lineal descendants, any trust established for the benefit of such
persons, or any &#147;person&#148; (as such term is used in Section 13(d) or 14(d) of the
Exchange Act), directly or indirectly, controlling, controlled by or under
common control with any such person mentioned in this paragraph or any trust
established for the benefit of such persons or any charitable trust or
non-profit entry established by a Permitted Holder, or any group in which such
Permitted Holders hold more than a majority of the voting power of the Common
Stock and Class B Common Stock deemed to be beneficially owned by such group.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>&#147;Continuing Director&#148; means a director who either was a member
of the Board of Directors on April 1, 2008 or who becomes a member of the Board
of Directors subsequent to that date and whose election, appointment or
nomination for election by the stockholders of the Company is duly approved by a
majority of the Continuing Directors on the Board of Directors at the time of
such approval, either by a specific vote or by approval of the proxy statement
issued by the Company on behalf of the Board of Directors in which such
individual is named as nominee for director. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>b)</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Effect of a Change in Control</FONT></U><FONT face=serif size=2>.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(i)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Upon the occurrence of a Change in Control, the Committee may cause all
or some of the Awards outstanding under the Plan to be fully vested as of the
effective date of the Change in Control. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(ii)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Upon the occurrence of a Change in Control that results in (i) a
dissolution or liquidation of the Company, (ii) a sale of all or substantially
all of the Company&#146;s assets, (iii) a merger or consolidation involving the
Company in which the Company is not the surviving corporation or (iv) a merger
or consolidation involving the Company in which the Company is the surviving
corporation but the holders of shares of Common Stock receive securities of
another corporation and/or other property, including cash, the Committee shall,
in its absolute discretion (which may include not treating all options
uniformly), elect to either: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>1.</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>amend each Stock Option so that
      it becomes exercisable in full at least two weeks before the occurrence of
      such event and expires upon the occurrence of such event;</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>2.</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>cancel, effective immediately
      prior to the occurrence of such event, each Stock Option outstanding
      immediately prior to such event (whether or not then exercisable), and, in
      full consideration of such cancellation, pay to the Participant an amount
      in cash, for each share of Common Stock subject to such Stock Option equal
      to the excess of (x) the value, as determined by the Committee in its
      absolute discretion, of the property (including cash) received by the
      holder of a share of Common Stock as a result of such event over (y) the
      exercise price of such Stock Option; or</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>3.</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>provide for the exchange of each
      Stock Option outstanding immediately prior to such event (whether or not
      then exercisable) for an option on some or all of the property which a
      holder of the number of shares of Common Stock subject to such Stock
      Option would have received and, incident thereto, make an equitable
      adjustment as determined by the Committee in its absolute discretion in
      the exercise price of the Stock Option, or the number of shares or amount
      of property subject to the Stock Option or, if appropriate, provide for a
      cash payment to the Participant in partial consideration for the exchange
      of the Stock Option.</FONT></P></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2>15.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Limitations Imposed by Section
162(m)</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>a)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Qualified Performance-Based Compensation</FONT></U><FONT face=serif size=2>. The Committee may make the granting and/or vesting of an Award subject
to the attainment of one or more pre-established objective performance goals
during a performance period, as set forth below. It is intended that the
compensation realized by the Participant from such Awards would qualify as
&#147;qualified performance-based compensation&#148; within the meaning of Code section
162(m). </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(i)</FONT><FONT face=serif size=2> </FONT><U><FONT face=serif size=2>Performance Goals</FONT></U><FONT face=serif size=2>. Prior to the
ninety-first (91st) day of the applicable performance period or during such
other period as may be permitted under section 162(m) of the Code, the Committee
shall establish one or more objective performance goals with respect to
</FONT><FONT face=serif size=2>such performance period. Such performance goals
shall be expressed in terms of one or more of the following criteria: (a)
earnings (either in the aggregate or on a per-share basis, reflecting dilution
of shares as the Committee deems appropriate and, if the Committee so
determines, net of or including dividends); (b) adjusted net income (meaning net
income, excluding restructuring and related severance costs, inventory
write-downs and related purchase commitment charges, write-offs of purchased
research and development, and individually material one-time gains or charges);
(c) gross or net sales; (d) cash flow(s) (including either operating or net cash
flows); (e) financial return ratios; (f) total shareholder return, shareholder
return based on growth measures or the attainment by the shares of a specified
value for a specified period of time, share price or share price appreciation;
(g) value of assets, return or net return on assets, net assets or capital
(including invested capital); (h) adjusted pre-tax margin; (i) margins, profits
and expense levels; (j) dividends; (k) market share, market penetration or other
performance measures with respect to specific designated products or product
groups and/or specific geographic areas; (l) reduction of losses, loss ratios or
expense ratios; (m) reduction in fixed costs; (n) operating cost management; (o)
cost of capital; (p) debt reduction; (q) productivity improvements; (r)
inventory turnover measurements; or (s) customer satisfaction based on specified
objective goals or a Company-sponsored customer survey. Each such performance
goal (A) may be expressed (1) with respect to the Company as a whole or with
respect to one or more divisions or business units, (2) on a pre-tax or
after-tax basis, (3) on an absolute and/or relative basis, and (B) may employ
comparisons with past performance of the Company (including one or more
divisions) and/or the current or past performance of other companies, and in the
case of earnings-based measures, may employ comparisons to capital,
stockholders' equity and shares outstanding. </FONT></P>
<P align=justify><FONT face=serif size=2>To the extent applicable, the measures
used in performance goals set under the Program shall be determined in
accordance with generally accepted accounting principles (&#147;GAAP&#148;) and in a
manner consistent with the methods used in the Company's regular reports on
Forms 10-K and 10-Q, without regard to any of the following, unless otherwise
determined by the Committee consistent with the requirements of section
162(m)(4)(C) and the regulations thereunder: </FONT></P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>1.</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>all items of gain,
      loss or expense for a fiscal year that are related to special, unusual or
      non-recurring items, events or circumstances affecting the Company or the
      financial statements of the Company;</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>2.</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>all items of gain,
      loss or expense for a fiscal year that are related to (i) the disposal of
      a business or discontinued operations or (ii) the operations of any
      business acquired by Company during the fiscal year; and</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>3.</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>all items of gain,
      loss or expense for a fiscal year that are related to changes in
      accounting principles or to changes in applicable law or
      regulations.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>4.</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>To the extent any
      objective performance goals are expressed using any earnings or
      sales-based measures that require deviations from GAAP, such deviations
      shall be at the discretion of the Committee and established at the time
      the applicable performance goals are
established.</FONT></TD></TR></TABLE>
<P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(ii)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Performance Period</FONT></U><FONT face=serif size=2>. The Committee in
its sole discretion shall determine the length of each performance period.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>b)</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif size=2>Nonqualified Deferred Compensation</FONT></U><FONT face=serif size=2>.
Notwithstanding any other provision hereunder, if and to the extent that the
Committee determines the Company&#146;s federal tax deduction in respect of an Award
may be limited as a result of section 162(m) of the Code, the Committee may take
the following actions: </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(i)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>With respect to Options, the Committee may delay the exercise or payment,
as the case may be, in respect of such Options until a date that is within 30
days after the date that compensation paid to the grantee no longer is subject
to the deduction limitation under section 162(m) of the Code. In the event that
a Participant exercises an Option at a time when the grantee is a 162(m) covered
employee, and the Committee determines to delay the exercise or payment, as the
case may be, in respect of such Option, the Committee shall credit a cash amount
equal to the Fair Market Value of the Common Stock payable to the Participant to
a book account. The Participant shall have no rights in respect of such book
account and the amount credited thereto shall not be transferable by the
Participant other than by will or laws of descent and distribution. The
Committee may credit additional amounts to such book account as it may determine
in its sole discretion. Any book account created hereunder shall represent only
an unfunded, unsecured promise by the Company to pay the amount credited thereto
to the Participant in the future. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(ii)</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>With respect to Restricted Stock or RSUs, the Committee may require the
Participant to surrender to the Committee any certificates with respect to
Restricted Stock and agreements with respect to RSUs, in order to cancel the
awards of such Restricted Stock or RSUs. In exchange for such cancellation, the
Committee shall credit to a book account a cash amount equal to the Fair Market
Value of the shares of Common Stock subject to such Awards. The amount credited
to the book account shall be paid to the Participant within 30 days after the
date that compensation paid to the grantee no longer is subject to the deduction
limitation under section 162(m) of the Code. The Participant shall have no
rights in respect of such book account and the amount credited thereto shall not
be transferable by the Participant other than by will or laws of descent and
distribution. The Committee may credit additional amounts to such book account
as it may determine in its sole discretion. Any book account created hereunder
shall represent only an unfunded, unsecured promise by the Company to pay the
amount credited thereto to the Participant in the future. </FONT></P>
<P align=justify><FONT face=serif size=2>16.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Tax Withholding</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>The Company shall withhold any taxes
required to be withheld by federal, state or local government in connection with
an Award. The Company shall have the right to require a Participant to remit to
the Company an amount sufficient to satisfy any federal, state and local
withholding tax requirements prior to the delivery of any certificate or
certificates for shares. A Participant may pay the withholding tax in cash, or,
if the Agreement provides, a Participant may also elect to have the number of
shares of Common Stock he is to receive reduced by the smallest number of whole
shares of Common Stock which, when multiplied by the Fair Market Value of the
shares determined as of the date on which the amount of tax to be withheld is
determined, is sufficient to satisfy federal, state and local, if any,
withholding taxes arising from </FONT><FONT face=serif size=2>the Award. Any
such election must be made on or before the date on which the amount of tax
required to be withheld is determined. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>17.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Right of Discharge Reserved</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>Nothing in the Program or in any
Agreement shall confer upon any Participant the right to continue as an Employee
or executive officer of the Company or any Subsidiary, or affect any right which
the Company may have to terminate such Employee or executive officer.
</FONT></P>
<P align=justify><FONT face=serif size=2>18.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Amendment</FONT></U><FONT face=serif size=2>
</FONT></P>
<P align=justify><FONT face=serif size=2>The Board may amend the Program, and
the Committee may amend any outstanding Agreement, in any respect whatsoever,
except that, other than pursuant to Section 14(b), no amendment to an
outstanding Agreement shall materially impair any rights or materially increase
any obligations of any Participant under any Award without the consent of the
Participant (or, after the Participant's death, the person succeeding to the
Participant&#146;s interests with respect to the Award). An amendment shall be
subject to stockholder approval to the extent necessary for compliance with Code
section 162(m) and other applicable law or regulation. </FONT></P>
<P align=justify><FONT face=serif size=2>19.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Term of the Program</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>This Program initially became effective
on May 22, 2007, the date approved by the stockholders of the Company. The
Program, as amended and restated, is effective on April 11, 2008, the date the
amendment and restatement was adopted by the Board. The Program shall terminate
upon the earlier of (i) the date on which all Common Stock available under this
Program have been issued, (ii) the tenth anniversary of the effective date, or
(iii) the termination of this Program by the Committee subject to approval of
the Board of Directors of the Company. No Award may be granted after the
termination of the Program. Any outstanding Awards as of the date the Program
terminates shall remain in full force and effect, subject to the terms of the
Program and the relevant Agreement relating to such Award. </FONT></P>
<P align=justify><FONT face=serif size=2>20.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Indemnification</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>Each person who is or shall have been a
member of the Committee, or of the Board of Directors, shall be indemnified and
held harmless by the Company from and against any loss, cost, liability or
expense that may be imposed upon or reasonably incurred by such person in
connection with or resulting from any claim, action, suit or proceeding to which
such person may be a party or in which such person may be involved by reason of
any action taken or failure to act under the Program and against and from any
and all amounts paid by such person in settlement thereof with the Company's
approval, or paid by such person in satisfaction of any judgment in any such
action, suit or proceeding against such person, provided such person shall give
the Company an opportunity, at its own expense, to handle and defend the same
before such person undertakes to handle and defend it on such person's own
behalf. The foregoing right of indemnification shall not be exclusive of any
other rights of indemnification to which such persons may be entitled from the
Company, as a matter of law, or otherwise. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>21.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Successors</FONT></U><FONT face=serif size=2>
</FONT></P>
<P align=justify><FONT face=serif size=2>All obligations of the Company under
the Program, with respect to any Award granted hereunder, shall be binding on
any successor to the Company, whether the existence of such successor is the
result of a direct or indirect purchase, merger consolidation or otherwise, of
all or substantially all of the business and/or assets of the Company.
</FONT></P>
<P align=justify><FONT face=serif size=2>22.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Severability</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>In the event any provision of the
Program shall be held illegal or invalid for any reason, such illegality or
invalidity shall not affect the remaining parts of the Program, and the Program
shall be construed and enforced as if the illegal or invalid provision had not
been included. </FONT></P>
<P align=justify><FONT face=serif size=2>23.</FONT><FONT face=sans-serif>
</FONT><U><FONT face=serif size=2>Governing Law</FONT></U><FONT face=serif size=2> </FONT></P>
<P align=justify><FONT face=serif size=2>This Program and any grant of Awards
made and any action taken hereunder shall be subject to and construed and
interpreted in accordance with the laws of the State of Delaware, without giving
effect to principles of conflict of laws. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=5>VISHAY INTERTECHNOLOGY
INC.</FONT></B></P>
<P align=center><B><FONT face=serif size=2>ANNEX A - ISRAEL
<BR></FONT></B><B><U><FONT face=serif size=2>TO THE 2007 STOCK INCENTIVE
PROGRAM</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><U><FONT face=serif size=2>DEFINITIONS</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><FONT face=serif size=2>For purposes of this Annex and the
Agreement, the following definitions shall apply: </FONT></P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>(a)</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>Affiliate</FONT></B><FONT face=serif size=2>&#148; - any
      &#147;employing company&#148; within the meaning of Section 102(a) of the
      Ordinance.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(b)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>Approved 102 Award</FONT></B><FONT face=serif size=2>&#148; -
      an Award granted pursuant to Section 102(b) of the Ordinance and held in
      trust by a Trustee for the benefit of the Participant.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(c)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>Capital Gain Award (CGA)</FONT></B><FONT face=serif size=2>&#148; - an Approved 102 Award elected and designated by the Company to
      qualify under the capital gain tax treatment in accordance with the
      provisions of Section 102(b)(2) of the Ordinance.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(d)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>Controlling Shareholder</FONT></B><FONT face=serif size=2>&#148; - shall have the meaning ascribed to it in Section 32(9) of the
      Ordinance.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(e)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>Employee&#148; - </FONT></B><FONT face=serif size=2>a person
      who is employed by the Company or its Subsidiaries, including an
      individual who is serving as an office holder, but excluding any
      Controlling Shareholder, all as determined in Section 102 of the
      Ordinance.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(f)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>ITA&#148; - </FONT></B><FONT face=serif size=2>the Israeli
      Tax Authorities.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(g)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><B><FONT face=serif size=2>&#147;Non-Employee&#148; -
      </FONT></B><FONT face=serif size=2>a director of the Company who is not an
      Employee.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(h)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>Ordinary Income Award (OIA)</FONT></B><FONT face=serif size=2>&#148; - an Approved 102 Award elected and designated by the Company to
      qualify under the ordinary income tax treatment in accordance with the
      provisions of Section 102(b)(1) of the Ordinance.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(i)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><B><FONT face=serif size=2>&#147;102 Award&#148; -
      </FONT></B><FONT face=serif size=2>any Award granted to Employees pursuant
      to Section 102 of the Ordinance.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(j)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><B><FONT face=serif size=2>&#147;3(i) Option&#148; -
      </FONT></B><FONT face=serif size=2>an Option granted pursuant to Section
      3(i) of the Ordinance to any person who is a Non-Employee.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(k)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>Ordinance&#148; - </FONT></B><FONT face=serif size=2>the
      Israeli Income Tax Ordinance [New Version] 1961 as now in effect or as
      hereafter amended.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(l)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><B><FONT face=serif size=2>&#147;Section 102&#148; -
      </FONT></B><FONT face=serif size=2>Section 102 of the Ordinance and any
      regulations, rules, orders or procedures promulgated thereunder as now in
      effect or as hereafter amended.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(m)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><B><FONT face=serif size=2>&#147;Trustee&#148; -
      </FONT></B><FONT face=serif size=2>any individual appointed by the Company
      to serve as a trustee and approved by the ITA, all in accordance with the
      provisions of Section 102(a) of the Ordinance.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>(n)</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;</FONT><B><FONT face=serif size=2>Unapproved 102 Award</FONT></B><FONT face=serif size=2>&#148;
      - an Award granted pursuant to Section 102(c) of the Ordinance and not
      held in trust by a Trustee.</FONT></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2>For the avoidance of any doubt, it is
hereby clarified that any capitalized terms not specifically defined in this
Annex shall be construed according to the interpretation given to it in the
Program. </FONT></P>
<P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><U><FONT face=serif size=2>ANNEX A -
ISRAEL</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify><B><FONT face=serif size=2><U>1. GENERAL</U></FONT></B><FONT face=serif size=2> </FONT></P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>1.1.</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>This Annex (the:
      &#147;</FONT><B><FONT face=serif size=2>Annex</FONT></B><FONT face=serif size=2>&#148;) shall apply only to Participant who are residents of the State
      of Israel or those who are deemed to be residents of the State of Israel
      for the payment of tax. The provisions specified hereunder shall form an
      integral part of the 2007 Stock Incentive Program of Vishay
      Intertechnology Inc. (hereinafter: the </FONT><B><FONT face=serif size=2>&#147;Program&#148;</FONT></B><FONT face=serif size=2>), which applies to the
      issuance of Awards to purchase Shares of Vishay Intertechnology Inc.
      (hereinafter: the <B><FONT face=serif size=2>&#147;Company&#148;</FONT></B><FONT face=serif size=2>). All capitalized terms that are not defined in this
      Annex A shall have the meaning given to such term in the Program.
      According to the Program, Awards to purchase the Company&#146;s Shares may be
      issued to employees, and officers of the Company or its subsidiaries and
      members of the Board.</FONT></FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>1.2</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>This Annex is
      effective with respect to Awards granted following Amendment no. 132 of
      the Ordinance, which entered into force on January 1, 2003.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>1.3</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>This Annex is to be
      read as a continuation of the Program and only modifies awards granted to
      Israeli Participants so that they comply with the requirements set by the
      Israeli law in general, and in particular with the provisions of Section
      102 (as specified herein), as may be amended or replaced from time to
      time. For the avoidance of doubt, this Annex does not add to or modify the
      Program in respect of any other category of Participants.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>1.4</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>The Program and this
      Annex are complimentary to each other and shall be deemed as one. In any
      case of contradiction, whether explicit or implied, between the provisions
      of this Annex and the Program, the provisions set out in the Annex shall
      prevail.</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2><U>2. ISSUANCE OF AWARDS</U>
</FONT></B></P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>2.1</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>The persons eligible
      for participation in the Program as Participants shall include any
      Employees and/or Non-Employees; provided, however, that (i) Employees may
      only be granted 102 Awards; and (ii) Non-Employees and/or Controlling
      Shareholders may only be granted 3(i) Options.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>2.2</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>The Company may
      designate Awards granted to Employees pursuant to Section 102 as
      Unapproved 102 Awards or Approved 102 Awards.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>2.3</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>The grant of Approved
      102 Awards shall be made under this Annex adopted by the Board, and shall
      be conditioned upon the approval of this Annex by the ITA.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>2.4</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Approved 102 Awards
      may either be classified as Capital Gain Awards (&#147;</FONT><B><FONT face=serif size=2>CGAs</FONT></B><FONT face=serif size=2>&#148;) or Ordinary
      Income Awards (&#147;</FONT><B><FONT face=serif size=2>OIAs</FONT></B><FONT face=serif size=2>&#148;).</FONT></TD></TR></TABLE>
<P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>2.5</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>No Approved 102 Awards
      may be granted under this Annex to any eligible Employee, unless and
      until, the Company&#146;s election of the type of Approved 102 Awards as CGA or
      OIA granted to Employees (the: &#147;</FONT><B><FONT face=serif size=2>Election</FONT></B><FONT face=serif size=2>&#148;), is appropriately
      filed with the ITA. Such Election shall become effective beginning the
      first date of grant of an Approved 102 Award under this Annex and shall
      remain in effect at least until the end of the year following the year
      during which the Company first granted Approved 102 Awards. The Election
      shall obligate the Company to grant </FONT><I><FONT face=serif size=2>only
      </FONT></I><FONT face=serif size=2>the type of Approved 102 Award it has
      elected, and shall apply to all Participants who were granted Approved 102
      Awards during the period indicated herein, all in accordance with the
      provisions of Section 102(g) of the Ordinance. For the avoidance of doubt,
      such Election shall not prevent the Company from granting Unapproved 102
      Awards simultaneously.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>2.6</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>All Approved 102
      Awards must be held in trust by a Trustee, as described in Section 3
      below</FONT><B><FONT face=serif size=2>.</FONT></B></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>2.7</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>For the avoidance of
      doubt, the designation of Unapproved 102 Awards and Approved 102 Awards
      shall be subject to the terms and conditions set forth in Section
      102.</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2><U>3. TRUSTEE</U> </FONT></B></P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top><FONT face=serif size=2>3.1</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>Approved 102
      Awards which shall be granted under this Annex and/or any Shares allocated
      or issued upon exercise of such Approved 102 Awards and/or other shares
      received subsequently following any realization of rights, including
      without limitation bonus shares, shall be allocated or issued to the
      Trustee and held for the benefit of the Participants for such period of
      time as required by Section 102 or any regulations, rules or orders or
      procedures promulgated thereunder (the: &#147;</FONT><B><FONT face=serif size=2>Holding Period</FONT></B><FONT face=serif size=2>&#148;). In the case
      the requirements for Approved 102 Awards are not met, then the Approved
      102 Awards may be regarded as Unapproved 102 Awards, all in accordance
      with the provisions of Section 102.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>3.2</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>Notwithstanding anything to the contrary, the Trustee shall not
      release any Shares allocated or issued upon exercise of Approved 102
      Awards prior to the full payment of the Participant&#146;s tax liabilities
      arising from Approved 102 Awards which were granted to him and/or any
      Shares allocated or issued upon exercise of such Awards.</FONT></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>3.3</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=2><FONT face=serif size=2>With respect
      to any Approved 102 Award, subject to the provisions of Section 102 and
      any rules or regulation or orders or procedures promulgated thereunder, a
      Participant shall not sell or release from trust any Share received upon
      the exercise of an Approved 102 <FONT face=serif size=2>Award and/or any
      share received subsequently following any realization of rights, including
      without limitation, bonus shares, until the lapse of the Holding Period
      required under Section 102 of the Ordinance. Notwithstanding the above, if
      any such sale or release occurs during the Holding Period, the sanctions
      under Section 102 of the Ordinance and under any rules or regulation or
      orders or procedures promulgated thereunder shall apply to and shall be
      borne by such Participant.</FONT></FONT></TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>3.4</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>Upon receipt of Approved 102
      Award, the Participant will sign an undertaking to release the Trustee
      from any liability in respect of any action or decision duly taken and
      bona fide executed in relation with this Annex, or any Approved 102 Award
      granted to him thereunder.</FONT></P></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2><U>4. THE AWARDS</U> </FONT></B></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2>The terms
and conditions, upon which the Awards shall be issued and exercised, shall be as
specified in the Agreement to be executed pursuant to the Program and to this
Annex. Each Agreement shall state, inter alia, the number of Shares to which the
Award relates, the type of Award granted thereunder (whether a CGA, OIA,
Unapproved 102 Award or a 3(i) Option), the vesting provisions and the Exercise
Price. </FONT><B><FONT face=serif size=2></FONT></B></P>
<P align=justify><U><B><FONT face=serif size=2>5. FAIR MARKET
VALUE</FONT></B><FONT face=serif size=2> </FONT></U></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2>Without
derogating from the definition of &#147;Fair Market Value&#148; enclosed in the Program
and solely for the purpose of determining the tax liability pursuant to Section
102(b)(3) of the Ordinance, if at the date of grant the Company&#146;s shares are
listed on any established stock exchange or a national market system or if the
Company&#146;s shares will be registered for trading within ninety (90) days
following the date of grant of the CGAs, the fair market value of the Shares at
the date of grant shall be determined in accordance with the average value of
the Company&#146;s shares on the thirty (30) trading days preceding the date of grant
or on the thirty (30) trading days following the date of registration for
trading, as the case may be. </FONT></P>
<P align=justify><U><B><FONT face=serif size=2>6. EXERCISE OF
OPTIONS</FONT></B><FONT face=serif size=2> </FONT></U></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2>A Stock
Option shall be exercised by the delivery of a written notice of exercise to the
Vice President and Secretary of the Company, or such other person specified by
the Committee and, when applicable, by the Trustee, in accordance with the
requirements of Section 102, setting forth the number of shares of Common Stock
with respect to which the Option is to be exercised, accompanied by full payment
of the Exercise Price and any required withholding taxes. </FONT><FONT face=serif size=2>Payment of the Exercise Price for the shares of Common Stock
being purchased shall be made: (a) by certified or official bank check (or the
equivalent thereof acceptable to the Company), or (b) at the discretion of the
Committee and to the extent permitted by law, by such other provision as the
Committee may from time to time prescribe. The Committee may allow exercises to
be made by means of a &#147;cashless exercise,&#148; with the delivery of payment as
permitted under U.S. Federal Reserve Board Regulation T, subject to applicable
securities law restrictions, or by any other means which the Committee
determines to be consistent with the Program's purpose and applicable law.
Payment shall be made on the date that the Stock Option or any part thereof is
exercised, and no shares shall be issued or delivered upon exercise of a Stock
Option until full payment has been made by the Participant. Promptly after
receiving payment of the full Exercise Price, the Company shall, subject to the
provisions of Section 12 of the Program, deliver to the Participant, or to such
other person as may then have the right to exercise the Stock Option, a
certificate for the shares of Common Stock for which the Stock Option has been
exercised.</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2><U>7. ASSIGNABILITY AND SALE OF
AWARDS</U></FONT></B><FONT face=serif size=2> </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>7.1</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>Notwithstanding any other
      provision of the Program, no Award or any right with respect thereto,
      purchasable hereunder, whether fully paid or not, shall be assignable,
      transferable or given as collateral or any right with respect to them
      given to any third party whatsoever, and during the lifetime of the
      Participant each and all of such Participant's rights to purchase Shares
      hereunder shall be exercisable only by the Participant.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top>&nbsp;</TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>Any such action made directly or
      indirectly, for an immediate validation or for a future one, shall be
      void.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>7.2</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>As long as Stock Options or
      Shares purchased pursuant to thereto are held by the Trustee on behalf of
      the Participant, all rights of the Participant over the shares are
      personal, can not be transferred, assigned, pledged or mortgaged, other
      than by will or laws of descent and
distribution.</FONT></P></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2><U>8. INTEGRATION OF SECTION 102 AND
TAX ASSESSING OFFICER&#146;S PERMIT</U></FONT></B><FONT face=serif size=2>
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>8.1</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>With regards to Approved 102
      Awards, the provisions of the Program and/or the Annex and/or the
      Agreement shall be subject to the provisions of Section 102 and the Tax
      Assessing Officer&#146;s permit, and the said provisions and permit shall be
      deemed an integral part of the Program and of the Annex and of the
      Agreement.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>8.2</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>Any provision of Section 102
      and/or the said permit which is necessary in order to receive and/or to
      keep any tax benefit pursuant to Section 102, which is not expressly
      specified in the Program or the Annex or the Agreement, shall be
      considered binding upon the Company and the Participants, provided that
      such provision is not inconsistent with the
  Program.</FONT></P></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2><U>9. DIVIDEND</U> </FONT></B></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2>Subject to
the Company&#146;s Incorporation Documents, with respect to all Shares (but
excluding, for avoidance of any doubt, any unexercised Awards) allocated or
issued upon the exercise of options and held by the Participant or by the
Trustee as the case may be, the Participant shall be entitled to receive
dividends in accordance with the quantity of such shares, and subject to any
applicable taxation on distribution of dividends, and when applicable subject to
the provisions of Section 102 and the rules, regulations or orders promulgated
thereunder</FONT><I><FONT face=serif size=2> </FONT></I></P>

<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P><FONT size=2><STRONG><U>10. TAX CONSEQUENCES</U></STRONG><FONT face=serif>
</FONT></FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top><FONT face=serif size=2>10.1</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>Any tax consequences arising from
      the grant, vesting or exercise of any Award, from the payment for Shares
      covered thereby or from any other event or act (of the Company, and/or its
      Subsidiaries, and the Trustee or the Participant), hereunder, shall be
      borne solely by the Participant. The Company and/or its Subsidiaries,
      and/or the Trustee shall withhold taxes according to the requirements
      under the applicable laws, rules, and regulations, including withholding
      taxes at source. Furthermore, the Participant shall agree to indemnify the
      Company and/or its Subsidiaries and/or the Trustee and hold them harmless
      against and from any and all liability for any such tax or interest or
      penalty thereon, including without limitation, liabilities relating to the
      necessity to withhold, or to have withheld, any such tax from any payment
      made to the Participant.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top colSpan=3>&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top><FONT face=serif size=2>10.2</FONT></TD>
    <TD vAlign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>A Participant may pay the
      withholding tax in cash, or, if the Agreement provides, a Participant may
      also elect to have the number of shares of Common Stock he is to receive
      reduced by the smallest number of whole shares of Common Stock which, when
      multiplied by the Fair Market Value of the shares determined as of the
      date on which the amount of tax to be withheld is determined, is
      sufficient to satisfy the withholding taxes arising from the Award. Any
      such election must be made on or before the date on which the amount of
      tax required to be withheld is determined.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>10.3</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>The Company and/or, when
      applicable, the Trustee shall not be required to release any share
      certificate to a Participant until all required payments have been fully
      made.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top></TD>
    <TD vAlign=top><FONT face=serif size=2>10.4</FONT></TD>
    <TD vAlign=top></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=serif size=2>With respect to Unapproved 102
      Award, if the Participant ceases to be employed by the Company or any
      Affiliate, the Participant shall extend to the Company and/or its
      Affiliate a security or guarantee for the payment of tax due at the time
      of sale of Shares, all in accordance with the provisions of Section 102
      and the rules, regulation or orders promulgated
  thereunder.</FONT></P></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2><U>11. GOVERNING LAW &amp;
JURISDICTION</U> </FONT></B></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2>This Annex,
as it relates to section 102 of the Ordinance, shall be governed by and
construed and enforced in accordance with the laws of the State of Israel
applicable to contracts made and to be performed therein, without giving effect
to the principles of conflict of laws. The competent courts of the Tel-Aviv
District in Israel will have exclusive jurisdiction in any matters pertaining to
this Annex.</FONT></P>
<P align=center><FONT face=serif size=2>*</FONT>&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif size=2>*<FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>* </FONT></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>3
<FILENAME>exhibit31-1.htm
<DESCRIPTION>CERTIFICATION PURSUANT TO RULE 13A-14(A) OR 15D-14(A)
<TEXT>
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<BODY bgcolor="#ffffff">
<P align=right><FONT face=serif size=2>Exhibit 31.1 </FONT></P>
<P align=center><B><FONT face=serif size=2>CERTIFICATIONS </FONT></B></P>
<P align=justify><FONT face=serif size=2>I, Dr. Gerald Paul, certify that:
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%" colSpan=2>
      <P align=justify><FONT face=serif size=2>I have reviewed this quarterly
      report on Form 10-Q of Vishay Intertechnology, Inc.;</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%" colSpan=2>
      <P align=justify><FONT face=serif size=2>Based on my knowledge, this
      report does not contain any untrue statement of a material fact or omit to
      state a material fact necessary to make the statements made, in light of
      the circumstances under which such statements were made, not misleading
      with respect to the period covered by this report;</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%" colSpan=2>
      <P align=justify><FONT face=serif size=2>Based on my knowledge, the
      financial statements, and other financial information included in this
      report, fairly present in all material respects the financial condition,
      results of operations and cash flows of the registrant as of, and for, the
      periods presented in this report;</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%" colSpan=2>
      <P align=justify><FONT face=serif size=2>The registrant's other certifying
      officer(s) and I are responsible for establishing and maintaining
      disclosure controls and procedures (as defined in Exchange Act Rules
      13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
      defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant
      and have:</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"  colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD width="100%" >
      <P align=justify><FONT face=serif size=2>(a) Designed such disclosure
      controls and procedures, or caused such disclosure controls and procedures
      to be designed under our supervision, to ensure that material information
      relating to the registrant, including its consolidated subsidiaries, is
      made known to us by others within those entities, particularly during the
      period in which this report is being prepared;</FONT></P>
      <P align=justify><FONT face=serif size=2>(b) Designed such internal
      control over financial reporting, or caused such internal control over
      financial reporting to be designed under our supervision, to provide
      reasonable assurance regarding the reliability of financial reporting and
      the preparation of financial statements for external purposes in
      accordance with generally accepted accounting principles;</FONT></P>
      <P align=justify><FONT face=serif size=2>(c) Evaluated the effectiveness
      of the registrant's disclosure controls and procedures and presented in
      this report our conclusions about the effectiveness of the disclosure
      controls and procedures, as of the end of the period covered by this
      report based on such evaluation; and</FONT></P>
      <P align=justify><FONT face=serif size=2>(d) Disclosed in this report any
      change in the registrant's internal control over financial reporting that
      occurred during the registrant's most recent fiscal quarter that has
      materially affected, or is reasonably likely to materially affect, the
      registrant's internal control over financial reporting;
  and</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD noWrap ></TD>
    <TD width="100%" >&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ><FONT size=2>5.</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"  colSpan=2>
      <P align=justify><FONT size=2>The registrant's other certifying officer(s)
      and I have disclosed, based on our most recent evaluation of internal
      control over financial reporting, to the registrant's auditors and the
      audit committee of the registrant's board of directors (or persons
      performing the equivalent functions):</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"  colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD noWrap ></TD>
    <TD width="100%" >
      <P align=justify><FONT face=serif size=2>(a) All significant deficiencies
      and material weaknesses in the design or operation of internal control
      over financial reporting which are reasonably likely to adversely affect
      the registrant's ability to record, process, summarize and report
      financial information; and</FONT></P>
      <P align=justify><FONT face=serif size=2>(b) Any fraud, whether or not
      material, that involves management or other employees who have a
      significant role in the registrant's internal control over financial
      reporting.</FONT></P></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2><BR>Date: May 5, 2009 </FONT></P>
<P align=justify><U><FONT face=serif size=2>/s/ Gerald Paul<BR></FONT></U><FONT face=serif size=2>Dr. Gerald Paul<BR>Chief Executive Officer </FONT></P>
<HR align=center width="100%" noShade SIZE=2>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>4
<FILENAME>exhibit31-2.htm
<DESCRIPTION>CERTIFICATION PURSUANT TO RULE 13A-14(A) OR 15D-14(A)
<TEXT>
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<P align=right><FONT face=serif size=2>Exhibit 31.2 </FONT></P>
<P align=center><B><FONT face=serif size=2>CERTIFICATIONS </FONT></B></P>
<P align=justify><FONT face=serif size=2>I, Dr. Lior E. Yahalomi, certify that:
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%" colSpan=2>
      <P align=justify><FONT face=serif size=2>I have reviewed this quarterly
      report on Form 10-Q of Vishay Intertechnology, Inc.;</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%" colSpan=2>
      <P align=justify><FONT face=serif size=2>Based on my knowledge, this
      report does not contain any untrue statement of a material fact or omit to
      state a material fact necessary to make the statements made, in light of
      the circumstances under which such statements were made, not misleading
      with respect to the period covered by this report;</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%" colSpan=2>
      <P align=justify><FONT face=serif size=2>Based on my knowledge, the
      financial statements, and other financial information included in this
      report, fairly present in all material respects the financial condition,
      results of operations and cash flows of the registrant as of, and for, the
      periods presented in this report;</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=4>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%" colSpan=2>
      <P align=justify><FONT face=serif size=2>The registrant's other certifying
      officer(s) and I are responsible for establishing and maintaining
      disclosure controls and procedures (as defined in Exchange Act Rules
      13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
      defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant
      and have:</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"  colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD width="100%" >
      <P align=justify><FONT face=serif size=2>(a) Designed such disclosure
      controls and procedures, or caused such disclosure controls and procedures
      to be designed under our supervision, to ensure that material information
      relating to the registrant, including its consolidated subsidiaries, is
      made known to us by others within those entities, particularly during the
      period in which this report is being prepared;</FONT></P>
      <P align=justify><FONT face=serif size=2>(b) Designed such internal
      control over financial reporting, or caused such internal control over
      financial reporting to be designed under our supervision, to provide
      reasonable assurance regarding the reliability of financial reporting and
      the preparation of financial statements for external purposes in
      accordance with generally accepted accounting principles;</FONT></P>
      <P align=justify><FONT face=serif size=2>(c) Evaluated the effectiveness
      of the registrant's disclosure controls and procedures and presented in
      this report our conclusions about the effectiveness of the disclosure
      controls and procedures, as of the end of the period covered by this
      report based on such evaluation; and</FONT></P>
      <P align=justify><FONT face=serif size=2>(d) Disclosed in this report any
      change in the registrant's internal control over financial reporting that
      occurred during the registrant's most recent fiscal quarter that has
      materially affected, or is reasonably likely to materially affect, the
      registrant's internal control over financial reporting;
  and</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD noWrap ></TD>
    <TD width="100%" >&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ><FONT size=2>5.</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"  colSpan=2>
      <P align=justify><FONT size=2>The registrant's other certifying officer(s)
      and I have disclosed, based on our most recent evaluation of internal
      control over financial reporting, to the registrant's auditors and the
      audit committee of the registrant's board of directors (or persons
      performing the equivalent functions):</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"  colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap ></TD>
    <TD noWrap ></TD>
    <TD width="100%" >
      <P align=justify><FONT face=serif size=2>(a) All significant deficiencies
      and material weaknesses in the design or operation of internal control
      over financial reporting which are reasonably likely to adversely affect
      the registrant's ability to record, process, summarize and report
      financial information; and</FONT></P>
      <P align=justify><FONT face=serif size=2>(b) Any fraud, whether or not
      material, that involves management or other employees who have a
      significant role in the registrant's internal control over financial
      reporting.</FONT></P></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2><BR>Date: May 5, 2009 </FONT></P>
<P align=justify><U><FONT face=serif size=2>/s/ Lior E.
Yahalomi<BR></FONT></U><FONT face=serif size=2>Dr. Lior E. Yahalomi<BR>Chief
Financial Officer </FONT></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>5
<FILENAME>exhibit32-1.htm
<DESCRIPTION>CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
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<P align=right><FONT face=serif size=2>Exhibit 32.1 </FONT></P>
<P align=center><B><FONT face=serif size=2>CERTIFICATION PURSUANT TO<BR>18
U.S.C. SECTION 1350,<BR>AS ADOPTED PURSUANT TO<BR></FONT></B><B><FONT face=serif size=2>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </FONT></B></P>
<P align=justify><FONT face=serif size=2>In connection with the Quarterly Report
of Vishay Intertechnology, Inc. (the &#147;Company&#148;) on Form 10-Q for the fiscal
quarter ended March 28, 2009 as filed with the Securities and Exchange
Commission on the date hereof (the &#147;Report&#148;), I, Dr. Gerald Paul, Chief
Executive Officer of the Company, certify, pursuant to 18 U.S.C. section 1350,
as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=serif size=2>The Report fully complies with
      the requirements of section 13(a) or 15(d) of the Securities Exchange Act
      of 1934; and</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=serif size=2>The information contained in the
      Report fairly presents, in all material respects, the financial condition
      and results of operations of the Company.</FONT></P></TD></TR></TABLE>
<P align=justify><U><FONT face=serif size=2>/s/ Gerald Paul<BR></FONT></U><FONT face=serif size=2>Dr. Gerald Paul<BR>Chief Executive Officer<BR>May 5, 2009
</FONT></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>6
<FILENAME>exhibit32-2.htm
<DESCRIPTION>CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
<TEXT>
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<P align=right><FONT face=serif size=2>Exhibit 32.2 </FONT></P>
<P align=center><B><FONT face=serif size=2>CERTIFICATION PURSUANT TO<BR>18
U.S.C. SECTION 1350,<BR>AS ADOPTED PURSUANT TO<BR></FONT></B><B><FONT face=serif size=2>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </FONT></B></P>
<P align=justify><FONT face=serif size=2>In connection with the Quarterly Report
of Vishay Intertechnology, Inc. (the &#147;Company&#148;) on Form 10-Q for the fiscal
quarter ended March 28, 2009 as filed with the Securities and Exchange
Commission on the date hereof (the &#147;Report&#148;), I, Dr. Lior E. Yahalomi, Chief
Financial Officer of the Company, certify, pursuant to 18 U.S.C. section 1350,
as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=serif size=2>The Report fully complies with
      the requirements of section 13(a) or 15(d) of the Securities Exchange Act
      of 1934; and</FONT></P></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=serif size=2>The information contained in the
      Report fairly presents, in all material respects, the financial condition
      and results of operations of the Company.</FONT></P></TD></TR></TABLE>
<P align=justify><U><FONT face=serif size=2>/s/ Lior E.
Yahalomi<BR></FONT></U><FONT face=serif size=2>Dr. Lior E. Yahalomi<BR>Chief
Financial Officer<BR>May 5, 2009 </FONT></P>
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