Bel Acquires 5.0% of Power-One's Common Stock

February 25, 2008
Bel Acquires 5.0% of Power-One's Common StockJERSEY CITY, New Jersey, February 25, 2008 -- Bel Fuse Inc. (NASDAQ:BELFA & NASDAQ:BELFB) announced today that it has filed a Schedule 13D with the Securities and Exchange Commission disclosing its acquisition of 4,370,052 shares, or approximately 5.0%, of the outstanding common stock of Power-One, Inc. (NASDAQ:PWER).  The shares were acquired in open market transactions from February 8, 2008 through February 22, 2008 at an aggregate purchase price of approximately $10,123,530.

 

"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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Bel Fuse Inc.

206 Van Vorst Street



Jersey City, NJ 07302

www.belfuse.com

tel 201.432.0463

fax 201.432.9542

 

Investor Contact:

Neil Berkman Associates

(310) 277-5162

info@berkmanassociates.com

 

Company Contact:

Daniel Bernstein

President

ir@BelFuse.com