<PAGE> 1
October 2, 2000
Employees and Shareholders:
I am pleased to announce that we have signed an agreement and plan of merger to
become part of Plexus Corporation (NASDAQ: PLXS, www.plexus.com), a very highly
regarded, leading, electronic service company.
While it was no secret that there were numerous companies interested in e2E for
our talent, infrastructure, processes, and customer base, Plexus was the best
fit. After meeting and talking with the management of Plexus, and doing a little
research of your own, I know that you will agree. Plexus shares our commitment
to making work a positive and enjoyable experience for all employees. They
believe in our market strategy and in the importance of having design and
engineering as a KEY component to their business model. They say it best
themselves with one of their key marketing points:
"Product realization consists of taking a product idea through the entire
development process, including manufacturing. For a complex electronic product,
this requires many capabilities.
In order for a cost-competitive product to be developed as swiftly as possible,
these capabilities need to be fully integrated. Concurrent product design
methodologies, including test design, and a smooth hand-off to manufacturing are
essential elements in getting a world-class product into the marketplace
quickly.
PLEXUS IS THE ELECTRONIC INDUSTRY'S LEADING PRODUCT REALIZATION SERVICES
COMPANY. Plexus possesses all of the capabilities required to realize products
for its customers. A customer can come to Plexus with only a product concept,
and Plexus can turn that concept into a market leading product".
All of senior management at e2E, from Ron Mosher to Lou & Lauren Primmer, from
Scott Davis to Kristen Sandfort, and from Derek Laidlaw to Yaron Rom, are
excited and pleased with the opportunities that this transaction will bring.
There is no doubt in our minds that you will be just as enthused as we are with
Plexus.
In the future, all shareholders of e2E will receive a significant amount of
information about Plexus and the transaction. As a shareholder, you will have
the opportunity to state your opinion to e2E's board of directors for or against
this transaction with Plexus.
Plexus wishes to demonstrate its commitment to e2E and welcome all of us to its
team. Selected senior management of Plexus will accompany me to Nashua, Texas,
Hillsboro, Scotland, and Israel to give a presentation on the company, answer
any questions, and personally say hello.
DETAILS AND QUESTIONS - Page 2 of this document details more of the issues &
time-line associated with the Transaction.
<PAGE> 2
E2E CORPORATION
TRANSACTION ANNOUNCEMENT
PAGE 2
VISIT TIMING:
<TABLE>
<CAPTION>
DATE LOCATION TIME COMMENTS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Israel and Scotland: Call to Location Management - discussion of events
October 3, 2000 Nashua 9:00am EDT Scotland & Israel Call
(2:00 Scotland, 4:00 Israel)
Eastern Division: Presentation - all employees
October 3, 2000 Nashua 11:00am EDT Calgary, PA, FL via call
Central Division: Presentation - all employees
October 4, 2000 Dallas 10:00am CDT Phoenix via call
Western Region: Presentation - all employees
October 5, 2000 Portland 10:00am PDT San Diego, Seattle via call
Israel and Scotland: Visits - all employees
October 10, 2000 Tel Aviv 10:00am Presentation, Questions, Plan
October 12, 2000 Edinburgh 10:00am Presentation, Questions, Plan
</TABLE>
TRANSACTION DETAILS:
Net Purchase Price $20,550,000
Number of e2E Shares 2,310,000
Price per e2E share $8.90 per share in Plexus stock valued at
closing bid price for previous 10 trading
days
For example: if Plexus stock was trading @
$76.50/share Each e2E shareholder would get
1 Plexus share for 8.6 e2E shares. 15% of
those shares will be placed in escrow.
Estimated Close 11/30/00
RESTRICTIONS ON SALE: Incentive and Founders stock plans will
become fully vested upon change of control (close date). Except for the escrow,
there are no other formal restrictions except in the case of affiliates
(Bergeron, Thale, and Robert Praegitzer), who each have formal restrictions
through at least the end of January 2001. All shareholders will be subject to a
15% escrow of shares for one year - in other words, 15% of your shares will be
held back by Plexus should something be materially wrong with e2E (we'll discuss
this more in depth later).
While your stock is liquid at the close of the transaction, you should expect
normal delays in stock certificate transfers and issuances, ie: it is just like
you are buying the PLXS shares, except that you work for the company and have
certain confidentiality standards, trading black out periods, etc.
<PAGE> 3
E2E CORPORATION
TRANSACTION ANNOUNCEMENT
PAGE 3
ADDITIONAL INFORMATION: Plexus plans to file a Registration Statement on SEC
Form S-4 in connection with the merger and e2E expects to mail a Proxy
Statement/Prospectus to its shareholders containing information about the
merger. Shareholders are urged to read the Registration Statement and Proxy
Statement/Prospectus carefully when they are available. The Registration
Statement and Proxy Statement/Prospectus will contain important information
about Plexus, e2E, the merger and related matters. Shareholders will be able to
obtain free copies of these documents through the web site maintained by the
U.S. Securities and Exchange Commission at http/www.sec.gov. In addition to the
Registration Statement and Proxy Statement/Prospectus, Plexus files annual,
quarterly and special reports, proxy statements and other information with the
Securities and Exchange Commission. You may read and copy any reports,
statements and other information filed by Plexus at the SEC public reference
rooms at 450 Fifth Street, N.W., Washington, DC 20549 or the Commission's other
public reference rooms in New York, New York and Chicago, Illinois. Please call
the Commission at 800-SEC-0330 for further information on public reference
rooms. Plexus' filings with the Commission also are available to the public from
commercial document-retrieval services and at the web site maintained by the
Commission at http/www.sec.gov. e2E, its directors, executive officers and
certain members of management and employees may be soliciting proxies from e2E's
shareholders in favor of the adoption of the merger agreement. A description of
any interests that e2E's directors and executive officers have in the merger
will be available in the Proxy Statement/Prospectus.
