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| Plexus Corp. (NDAQ:PLXS) |
Customers |
Customers
Plexus provides services to a wide variety of customers, ranging from large multinational companies to smaller emerging technology companies. During fiscal 2010, the company served approximately 130 customers. For many customers, Plexus provides design and production capabilities, thereby allowing these customers to concentrate on research and development, concept development, distribution, marketing and sales. This helps accelerate their time to market, reduce their investment in engineering and manufacturing capacity and optimize total product cost.
Juniper Networks, Inc. (“Juniper”) accounted for 16 percent of the company's net sales in fiscal 2010, and 20 percent in both fiscal 2009 and fiscal 2008, respectively. No other customer accounted for 10 percent or more of net sales in fiscal 2010, 2009 or 2008. The loss of any of our major customers could have a significant negative impact on our financial results.
Many of the company's large customers contract with Plexus through independent multiple divisions, subsidiaries, production facilities or locations. In most cases the company's sales to any one such division, subsidiary, facility or location are not dependent on sales to others.
The distribution of our net sales by market sectors is shown in the following table:
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Fiscal years ended |
| Industry |
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October 2, |
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October 3, |
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September 27, |
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2010 |
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2009 |
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2008 |
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Wireline/Networking |
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43% |
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44% |
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44% |
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Wireless Infrastructure |
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12% |
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11% |
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9% |
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Medical |
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20% |
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22% |
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21% |
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Industrial/Commercial |
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18% |
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13% |
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16% |
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Defense/Security/Aerospace |
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7% |
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10% |
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10% |
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100% |
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100% |
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100% |
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