SYXI Ixys

IXYS Corporation (NASDAQ:SYXI) today announced that the Superior Court of Norfolk County, Massachusetts ordered that a jury verdict in favor of LoJack Corporation in its breach of contract suit against Clare, Inc., a subsidiary of IXYS, be reduced to $4,000,000. Pre-judgment interest on this verdict is estimated to be $2,113,000. The Court had previously awarded attorneys' fees and costs of about $708,000. The judgment in total is approximately $6,821,000. The total judgment bears interest at 12% per annum, simple interest. Prior to the Court's order, IXYS had estimated its potential liability to be about $43.6 million at March 31, 2006. IXYS is considering appealing the judgment. LoJack may also file an appeal and seek to reinstate the jury's original verdict. IXYS develops and markets primarily high performance power semiconductors and control ICs that are used in controlling and converting electrical power efficiently in power systems for telecommunication infrastructure, motor drives, medical systems and transportation. IXYS also serves emerging markets with digital and analog ICs that control flat panel displays, medical instruments and telecommunication products. Additional information may be obtained by visiting IXYS' website at http://www.ixys.com, or by contacting the company directly.