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Stock Market & Financial Investment News

News Breaks
January 7, 2013
17:49 EDTPLXSPlexus CEO cites nerworking/communications segment in guidance cut
Dean Foate, president and CEO, commented, "While manufacturing demand softened across all of our sectors during the quarter, in particular we did not experience the typical demand-pull of products in our Networking/Communications sector in the final few weeks of the quarter. As a consequence, our Networking/Communications sector revenue was substantially below our expectations for the quarter and accounted for the majority of the shortfall to our original guidance."
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