May 7, 1999
Kramer Levin Naftalis & Frankel LLP
919 Third Avenue
New York, N.Y. 10022 - 3852
(212) 715 - 9100
ARTHUR H. AUFSES III MONICA C. LORD ARTHUR B. KRAMER
THOMAS D. BALLIETT RICHARD MARLIN MAURICE N. NESSEN
JAY G. BARIS THOMAS MOERS MAYER FOUNDING PARTNERS
PHILIP BENTLEY THOMAS E. MOLNER RETIRED
SAUL E. BURIAN THOMAS H. MORELAND -------
BARRY MICHAEL CASS ELLEN R. NADLER MARTIN BALSAM
NICHOLAS L. COCH GARY P. NAFTALIS JOSHUA M. BERMAN
THOMAS E. CONSTANCE MICHAEL J. NASSAU JULES BUCHWALD
JOHN E. DANIEL MICHAEL S. NELSON S. ELLIOTT COHAN
MICHAEL J. DELL JAY A. NEVELOFF RUDOLPH DE WINTER
KENNETH H. ECKSTEIN MICHAEL S. OBERMAN MEYER EISENBERG
CHARLOTTE M. FISCHMAN PAUL S. PEARLMAN SAMUEL M. EISENSTAT
DAVID S. FRANKEL SUSAN J. PENRY-WILLIAMS ARTHUR D. EMIL
MARVIN E. FRANKEL BRUCE RABB MARIA T. JONES
ALAN R. FRIEDMAN ALLAN E. REZNICK SHERWIN KAMIN
CARL FRISCHLING DONALD L. RHOADS ANDREW J. MALONEY
MARK J. HEADLEY SCOTT S. ROSENBLUM GEORGE M. MURPHY
ROBERT M. HELLER MICHELE D. ROSS MAXWELL M. RABB
GEORGE P. HOARE HOWARD J. ROTHMAN JAMES SCHREIBER
PHILIP S. KAUFMAN MARK B. SEGALL COUNSEL
PETER S. KOLEVZON JUDITH SINGER ------
KENNETH P. KOPELMAN PETER G. SMITH M. FRANCES BUCHINSKY
MICHAEL PAUL KOROTKIN HOWARD A. SOBEL JEFFREY W. DAVIS
SHARI K. KROUNER JEFFREY S. TRACHTMAN ABBE L. DIENSTAG
KEVIN B. LEBLANG NEIL R. TUCKER MARILYN FEUER
DAVID P. LEVIN JONATHAN M. WAGNER RONALD S. GREENBERG
EZRA G. LEVIN HAROLD P. WEINBERGER ROBERT T. SCHMIDT
RANDY LIPSITZ ALAN S. WILMIT HELAYNE O. STOOPACK
LARRY M. LOEB E. LISK WYCKOFF, JR. SPECIAL COUNSEL
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FACSIMILE
(212) 715-8000
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Writer's Direct Number
(212) 715-9100
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Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as counsel to Vishay Intertechnology, Inc., a
Delaware corporation (the "Registrant"), in connection with the preparation and
filing of a Registration Statement on Form S-8 (the "Registration Statement")
with the Securities and Exchange Commission (the "Commission"), with respect to
the registration under the Securities Act of 1933, as amended (the "Act"), of an
aggregate of 2,955,000 shares (the "Shares") of common stock, par value $0.10
per share (the "Common Stock"), to be issued pursuant to the Registrant's 1997
Stock Incentive Program (the "1997 Program") and 1998 Employee Stock Option
Program (the "1998 Program", and together with the 1997 Program, the
"Programs").
In connection with the registration of the Shares, we have
reviewed copies of the Registration Statement, the Programs, the Amended and
Restated Certificate of Incorporation and the Amended and Restated By-laws of
the Registrant, and such documents and records as we have deemed necessary to
enable us to express an opinion on the matters covered hereby.
We have also examined and relied upon representations,
statements, or certificates of public officials and officers and representatives
of the Registrant.
Based upon the foregoing, we are of the opinion that the Shares
covered by the Registration Statement, following the granting of the options
described in the Programs and upon delivery of such Shares and payment therefor
at the prices and in accordance with the terms stated in the Programs, will be
validly issued, fully paid and non-assessable.
We hereby consent to the use of this opinion as an exhibit to the
Registration Statement. In giving the foregoing consent, we do not thereby admit
that we are in the category of persons whose consent is required under Section 7
of the Act or the rules and regulations of the Commission thereunder.
We are delivering this opinion to the Registrant, and no person
other than the Registrant may rely upon it.
Very truly yours,
/s/ Kramer Levin Naftalis & Frankel LLP
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Kramer Levin Naftalis & Frankel LLP