Notes to Consolidated Financial Statements
     

NOTE 20 - SUBSEQUENT EVENT

   On January 20, 2001, the Company entered into an asset purchase agreement to acquire substantially all of the assets of, and assume certain liabilities of, Intersil Corporation's discrete power products business ("DPP") for cash consideration of approximately $338.0 million. DPP is a leading provider of silicon-based discrete power devices for the computer, communications, industrial, automotive, and space and defense markets.

   In connection with the financing of the DPP acquisition, on January 31, 2001, the Company finalized an offering of $350.0 million of 101/2% senior subordinated notes. The proceeds from this offering, excluding underwriting discounts, will be held in escrow until the final closing of the DPP acquisition. Interest on the notes will be paid semi-annually on February 1 and August 1 each year, beginning August 1, 2001. The Company may redeem the notes on or after February 1, 2005. Prior to February 1, 2004, the Company may redeem up to 35% of the notes from the proceeds of equity offerings. In the event that the acquisition is not consummated by July 30, 2001, the Company will be required to redeem the notes plus accrued and unpaid interest.