SOURCE: Finisar

March 21, 2005 08:00 ET

Finisar Drives the 4Gb/s Fibre Channel Market With Shipment of 100,000th 4Gb/s Optical Transceiver

SUNNYVALE, CA -- (MARKET WIRE) -- March 21, 2005 -- Finisar Corporation (NASDAQ: FNSR), a pioneer in the optical components market, today announced it has reached a major milestone with the shipment of its 100,000th 4Gb/s optical transceiver in less than 9 months from first customer shipments. As one of the largest pure-play optical components companies, this achievement reaffirms Finisar's continued leadership position in the Fibre Channel market.

"One vendor shipping at these volumes indicates that the storage market is beginning its transition to 4Gb/s," stated Daryl Inniss, program director of RHK's, Inc. Communication Components program. "This accomplishment bodes well for Finisar's intent to build market leadership in 4G optical transceivers."

Finisar is at the forefront of the industry with 4Gb/s transceivers for use in a wide variety of storage network applications such as Host Bus Adapters (HBAs), Fibre Channel switches and storage systems. These transceivers offer numerous benefits, including:

--  Lead free/RoHS compliance
--  Excellent mask margin, jitter and electromagnetic interference (EMI)
    performance
--  Capable of quad rates of 1x, 2x, 4x Fibre Channel and Gigabit Ethernet
--  Superb reliability
--  First-rate stability over temperature and voltage extremes
    
"The Finisar 4G transceiver has been instrumental to us in delivering one of the first 4G switches to market," said John Chan, senior product manager at Brocade Communications Systems, Inc. "The Finisar solution exceeded our requirements for performance, quality, and cost, enabling us to capture early 4G market share."

"Having reached this milestone in such short time period is a testament to our execution, design and customer focus," said Rafik Ward, product manager for Finisar. "Accomplishments such as these, combined with our broad product portfolio, vertical integration, competitive pricing, and our internal high-volume manufacturing capabilities further support Finisar's position as one of the pacesetters in the optical components market."

Finisar has a complete product portfolio of 4Gb/s transceivers, including the 4Gb/s SFP (FTRJ8524P2xNy), which began shipping in July 2004, and the 4G lead-free/RoHS compliant SFP (FTLF8524P2xNy) and 4G lead-free/RoHS compliant SFF (FTLF8524E2xNy), which began shipping in November 2004. For more information please visit www.finisar.com.

About Finisar

Finisar Corporation is a technology leader for fiber optic subsystems and network test and monitoring systems. These products enable high-speed data communications for networking and storage applications over Gigabit Ethernet local area networks (LANs), Fibre Channel storage area networks (SANs), and metropolitan area networks (MANs) using both IP and SONET/SDH-based protocols. The Company's headquarters is in Sunnyvale, California, USA. www.Finisar.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements contained in this press release may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Finisar's expectations, beliefs, intentions or strategies regarding the future. All forward-looking statements included in this press release are based upon information available to Finisar as of the date hereof, and Finisar assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These uncertainties include risks related to the assimilation and integration of the fiber optic transceiver business acquired from Infineon, as well as risk associated with the rapidly evolving markets for Finisar's products and uncertainty regarding the development of these markets. Other risks relating to Finisar's business are set forth in Finisar's Annual Report on Form 10-K and other interim reports as filed with the Securities and Exchange Commission.

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