Vishay Intertechnology Plummets 17.5% After Fourth-Quarter Warning

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Vishay Intertechnology (VSH) - Get Report was down 17.5% to $15.38 in midmorning trading after touching a 52-week low of $15. The electronics component maker after Tuesday's close warned of disappointing fourth-quarter earnings due to cancellations and delayed deliveries.

Bear Stearns

downgraded Vishay to neutral from buy and also cut the following contract component makers:

Arrow Electronics

(ARW) - Get Report

,

Avnet

(AVT) - Get Report

and

AVX

(AVX) - Get Report

. All were trading lower.

Kemet

(KEM) - Get Report

, another company in the sector, was not downgraded, but it was hit hard, down 14.5% after striking a year-low of $13.75.