Bel is a leading producer of electronic components and modules that help make global connectivity a reality. The Company designs, manufactures and markets a broad array of magnetics, modules, circuit protection devices and interconnect products. Deployed primarily in the computer, networking and telecommunication industries, Bel's ever-expanding portfolio of products are also specified in medical and consumer electronics markets, where they protect, regulate, connect, isolate or manage a variety of electronic circuits.
At December 31, 2007, Bel had approximately 11.6 million shares outstanding, of which 76% are non-voting Class B (BELFB) common stock, with a $.07 per share per quarter dividend and 24% are Class A (BELFA) common stock, with voting rights and a $.06 per share per quarter dividend. At December 31, 2007, book value was approximately $20.66 per share, no debt, and cash and marketable securities were over $110 million.
Bel products are sold to customers like Cisco, Dell, Hewlett Packard, Alcatel and Nortel. Growth is driven by demand for greater bandwidth to support data/voice/video transmission. The proliferation of in-home networks for communication and distribution of high definition entertainment has also increased demand for Bel's products.
Bel's MagJack® integrated connectors (our fastest growing products within the magnetics group) are the de facto industry standard for signal conditioning/isolation and EMI suppression in computer and networking applications. New designs satisfy emerging technologies such as Power over Ethernet (PoE) and 10Gigabit Ethernet. Modular products include DC-DC converters that alter voltage levels to optimize the performance of low voltage silicon devices. These modules are used in data networking equipment, distributed power architecture and telecommunication devices, computers and peripherals.
With over 58 years in the electronics industry, Bel has demonstrated a keen ability to succeed in multiple industries. Founded in 1949, the Company has a strong track record of financial stability and technical innovation within the international engineering community.
