Bel Acquires 5.0% of Power-One's Common Stock
"We have requested to meet with Power-One to discuss how our companies might work together for the benefit of both, but no meeting has been scheduled to date. We look forward to having the opportunity to share our views with Power-One in the future. In the meantime, we are evaluating a range of options we believe may increase value for all Power-One shareholders," said Daniel Bernstein, President of Bel.
About Bel
Bel (www.belfuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission, and consumer electronics. Products include magnetics (discrete components, power transformers and MagJack®s), modules (DC-DC converters, integrated analog front end modules and custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (passive jacks, plugs and cable assemblies). Bel operates facilities around the world.
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#4495
Bel Fuse Inc.
tel 201.432.0463
fax 201.432.9542
Investor Contact:
Neil Berkman Associates
(310) 277-5162
Company Contact:
Daniel Bernstein
President