Plexus Corporation (PLXS on NASDAQ) Message Board

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Technology Stocks : Plexus Corporation (PLXS on NASDAQ)

PLXS 143.35

-0.1%

Nov 7 9:30 AM EST

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To: Curt Brochhagen who wrote (60)	1/20/1998 5:54:00 PM
From: rich evans	Read Replies (2) of 128

I listened to the call. There were quite a few analysts and questions.Basically the company followed its preannouncement. The growth has slowed down from past two years do to strong dollar, program pushouts and slow rampups and reengineering of new models using less value added manufacturing. Overflow work from Customers IBM and MOT was down to 15% from 20%. Customers , industry sectors about the same with ASCEND strong going forward. Growth was 10% top line versus 20-25+% in past. So Q2 I think will be 105 mill about and Q3 and Q4 will be up 15%. Trying to get gross margins back to 12.5% but will take few quarters. They used the word uncertain with respect to the outlook and will give guidance as soon as they can see things better.They are continuing with the share buyback and have bought 130000 shares so far. Also insiders are buying. Their plan is to emphasize design and engineering protoype/quickturn service with their many engineers and new acquisitions in Milipitas and Minneapolis and convert this to new volume business. Their goal is 50% of new business from their own design group.Other words used were they are debt free, see strong activity, foreign sales 6% with 2% asia but see positive here becasue of commodity components they buy from Asia. Conclusion- nothing to excite stock for awhile and it looks like patience for at least a quarter is necessary IMO. I think others also listened and may have better/more info. Rich

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