Bel Fuse Sends Letter to Board of Directors of Power-One

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Wed Apr 29, 2009 7:30am EDT 

Questions Advisability of Agreement with Silver Lake and Urges Board to Consider
Strategic Alternatives


JERSEY CITY, N.J.--(Business Wire)--
Bel Fuse Inc. (NASDAQ:BELFA) (NASDAQ:BELFB) announced today that it has sent a
letter to the Board of Directors of Power-One, Inc. (NASDAQ:PWER) questioning
the advisability of acquiring more debt pursuant to its recently announced
agreement with Silver Lake Sumeru, which potentially dilutes current
shareholders by more than 75%. Bel Fuse also expressed its alarm over
Power-One's continued refusal to consider strategic alternatives, including the
divestiture of one or more of its business units, even though Power-One's stock
continues to perform abysmally. 

"The Silver Lake transaction illustrates Power-One's insistence on sticking with
what we believe has proven and continues to be a losing strategy: the incurrence
of expensive debt and the refusal by the Company to divest of one or more of its
business units in order to reduce debt. Moreover, the Silver Lake transaction
will result in substantial dilution to the Company and will, in our view,
adversely impact the Company's stock price, to the detriment of all of its
stockholders," said Daniel Bernstein, Bel's CEO and President. 

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 MagJacks), 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. 





Investor Contact:
Neil Berkman Associates
310-826-5051
info@berkmanassociates.com
or
Company Contact:
Bel Fuse Inc.
Daniel Bernstein, President
201-432-0463
ir@BelFuse.com



Copyright Business Wire 2009
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