August 15, 2003

Finisar Corporation Schedules Conference Call and Webcast for Fiscal First Quarter Financial Results

SUNNYVALE, CA, Aug. 15, 2003 (MARKET WIRE via COMTEX) -- Finisar Corporation (NASDAQ: FNSR), a technology leader in gigabit fiber optic solutions for high-speed data networks, will release fiscal first quarter financial results for the period ending July 31, 2003, at the close of market on Wednesday, September 3, 2003. The announcement will be followed by a conference call at 2:00 p.m. (PST) / 5:00 p.m. (EST).

A live webcast of the call will be accessible to the public on the Company's web site at www.finisar.com, see the Investors Events page. A replay of the webcast will be available shortly after the conclusion of the call on the Investors section Webcast Archive page.

An audio replay of the call will be accessible to the public by calling (877) 660-6853 (domestic) or (201) 612-7415 (international), and then following the prompts to enter account number 2791 and conference ID# 73728. The replay will be available for two weeks following the call.

ABOUT FINISAR

Finisar Corporation (NASDAQ: FNSR) is a technology leader for fiber optic subsystems and network performance test 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

Shelby Palmer Finisar Corporation 408-542-5050

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