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EXHIBIT 99.12
Diodes Incorporated
FOR IMMEDIATE RELEASE
Forbes Magazine Names Diodes, Inc. One of 200 Best Small Companies in U.S.
Semiconductor Company Profitable 41 Consecutive Quarters
Westlake Village, Calif. - October 16, 2000 - Forbes Magazine has named Diodes,
Inc. (Nasdaq: DIOD) to its annual list of the 200 Best Small Companies in the
U.S. It is the first time Diodes has been named to the list of value and growth
companies, which includes the top profitable businesses with annual sales
between $5 million and $350 million.
Diodes Incorporated is a leading manufacturer and supplier of high quality
discrete semiconductors, primarily to the communications, computing, electronics
and automotive industries.
"This recognition further validates our business strategy, which calls for
generating superior long-term value for our shareholders through innovation,
flexibility and total dedication to the needs of our customers," said C. H.
Chen, President and CEO of Diodes, Inc. "We are delighted to have made the
list."
To be named to the Forbes list, companies must have five-year sales and
earnings-per-share growth rates of at least 5%. In addition, net income must
have topped $1 million during the past four quarters. Those that made this
year's list average a five-year return on equity (ROE) of 18.7%, a 12-month
sales growth of 44.4% and a 12-month earnings per share growth of 76.9%. Diodes'
average five-year ROE was 16%, its 12-month sales growth was 64%, and its
12-month EPS growth was 300%.
As of the second quarter ended June 30, 2000, Diodes' trailing 12-month sales
were $105 million and earnings per share was $1.28. In addition, Diodes has been
profitable for 41 consecutive quarters, and had EBITDA of $18 million for the
trailing 12-month period. Diodes expects to announce record third-quarter 2000
earnings on October 30, 2000.
Chen continued, "We appreciate the efforts and dedication of our employees
world-wide as they continue to enhance our solid yet flexible customer-oriented
company culture."
For a complete list of the 200 Best Small Companies in the U.S., visit Forbes
Magazine online at www.forbes.com.
About Diodes, Inc.
Diodes, Inc. (Nasdaq: DIOD) is a leading manufacturer and supplier of
high-quality discrete semiconductor products, primarily to manufacturers in the
communications, computer, electronics and automotive industry. The Company's Far
East subsidiaries, Diodes-China and Diodes-Taiwan, manufacture products for sale
to North America and Asia. Diodes-China focuses on surface-mount devices
destined for wireless devices, notebook computers, pagers, PCMCIA cards and
modems, among others, while Diodes-Taiwan focuses on products destined for a
broad base of end products. The Company's ISO-9000 corporate sales, marketing,
engineering and logistics headquarters is located in Southern California. For
further information, visit the Company's website at http://www.diodes.com.
Source: Diodes, Inc.
CONTACT: Crocker Coulson, Account Executive, Coffin Communications Group; (818)
789-0100 e-mail: [email protected] or Carl Wertz, Chief Financial
Officer, Diodes, Inc.; (805) 446-4800 Recent news releases, annual reports, and
SEC filings are available at the Company's website: http://www.diodes.com.
Written requests may be sent to Investor Relations, Diodes, Inc., 3050 E.
Hillcrest Drive, Westlake Village, CA 91362, or they may be e-mailed to:
[email protected].
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