NEENAH, Wis., June 25 /PRNewswire-FirstCall/ — Plexus Corp. (NASDAQ:PLXS) understands that a putative class action complaint was filed against it today in the United States District Court for the Eastern District of Wisconsin. Other named defendants include Dean A. Foate, F. Gordon Bitter, and John L. Nussbaum. While Plexus has not yet been served a copy of the Complaint, it understands that the allegations made therein concern statements made by Plexus in press releases and other public statements in 2006. Plexus believes that all of its public statements were correct and properly made; it thus intends to defend itself vigorously in this litigation.
About Plexus Corp. – The Product Realization Company
Plexus (http://www.plexus.com/) is an award-winning participant in the Electronics Manufacturing Services (EMS) industry, providing product design, test, manufacturing, fulfillment and aftermarket solutions to branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace industries.
The Company’s unique Focused Factory manufacturing model and global supply chain solutions are strategically enhanced by value-added product design and engineering services. Plexus specializes in customer programs that require flexibility, scalability, technology and quality. Plexus provides award-winning customer service to more than 100 branded product companies in North America, Europe and Asia.
Safe Harbor and Fair Disclosure Statement
The statements contained in this release which are guidance or which are not historical facts (such as statements in the future tense and statements including “believe,” “expect,” “intend,” “anticipate,” “target” and similar terms and concepts), including all discussions of periods which are not yet completed, are forward-looking statements that involve risks and uncertainties. In particular, Plexus cannot predict the outcome of litigation, including the litigation discussed in this press release. Other risks and uncertainties include, but are not limited to: the economic performance of the electronics, technology and defense industries; the risk of customer delays, changes or cancellations in both ongoing and new programs; the poor visibility of future orders in the defense industry; the Company’s ability to secure new customers and maintain its current customer base; material cost fluctuations and the adequate availability of components and related parts for production; the effect of changes in average selling prices; the effect of start-up costs of new programs and facilities, including our planned expansions in Asia; the adequacy of restructuring and similar charges as compared to actual expenses; possible unexpected costs and operating disruption in transitioning programs; the effect of general economic conditions and world events (such as terrorism and war in the Middle East); the impact of increased competition; and other risks detailed in the Company’s Securities and Exchange Commission filings.
First Call Analyst:
Source: Plexus Corp.
CONTACT: Angelo Ninivaggi, Vice President, General Counsel & Secretary
of Plexus Corp., +1-920-751-3524, [email protected]
Web site: http://www.plexus.com/