December 17, 1999

Industry Veterans Join Finisar for CATV Effort

SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 17, 1999--Finisar Corporation (Nasdaq:FNSR), today announced that two senior technologists, with a combined 58 years experience in the CATV industry, have joined the company to provide leadership for the new CATV digital return path program.

Wim Mostert, formerly Vice President of Technology at Augat/Thomas & Betts, and Bill Ellis, formerly Vice President of R&D at Augat/Thomas & Betts, are now key members of the Finisar CATV team. Mostert is serving as Director of Broadband Systems Engineering at Finisar while Ellis is now Finisar's Director of CATV Applications. These two experienced CATV technologists will help guide Finisar's CATV digital product development effort.

Wim Mostert spend the first 10 years of his career in the CATV industry in The Netherlands, followed by 12 years with Philips Broadband Networks as Manager of Engineering for RF and Fiber Optic systems for CATV. He joined Ellis at Augat in 1994 as VP of Technology in bringing new RF and Fiber Optic products to market. Mostert brings a vast experience with RF and Fiber Optic technology, products, systems and architectures for the worldwide CATV/MultiMedia market.

After 13 years of experience in system operations, Bill Ellis was promoted to VP Operations and ultimately to President of Broadband Engineering, Inc., a manufacturer of RF amplifiers and related equipment for CATV. After Augat bought Broadband, Ellis became VP of Research and Development for Augat Communications Products and was responsible for the development of Augat's RF distribution amplifiers and early optical transmission products. Ellis is a senior member and former Eastern VP of the SCTE. He holds 4 Cable TV related patents.

Bill Ellis has a BSEE degree from Purdue University and a Masters in engineering degree from George Washington University. Mostert has a MSEE degree from University of Technology in Delft, Netherlands, and is a member of the SCTE.

Both Mostert and Ellis bring their respective experience in the CATV industry to Finisar to apply Finisar's high-speed digital and optical expertise to develop and bring to market novel technical solutions for the Broadband and MultiMedia industry. The first example of this was the recently announced development of Finisar's Digital Return Technology, which provides a better way to transport two-way high-speed data, Internet and telephony signals over CATV systems.

About Finisar: Finisar Corporation (Nasdaq:FNSR) is a leading provider of fiber optic subsystems and network performance test systems which enable high-speed data communications over local area networks, or LANs, and storage area networks, or SANs. The Company is focused on providing a broad line of high-performance, reliable, value-added optical subsystems to networking and storage equipment manufacturers that develop and market systems based on high-speed serial data transmission protocols such as Gigabit Ethernet and Fibre Channel. In addition, the Company designs and sells network performance test systems which assist manufacturers in the efficient design of reliable, high-speed data networks and the testing and monitoring of the performance of these systems. The Company's operations are located at 1308 Moffett Park Drive, Sunnyvale, CA 94089. For more information, visit the Company's web site at http://www.finisar.com or call investor relations at 408/548-0948.


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