SUNNYVALE, CA--(Marketwire - August 20, 2008) - Finisar Corporation (NASDAQ: FNSR), a technology leader in fiber optic solutions for high-speed networks, will host an Analyst and Investor Meeting on October 7, 2008, at The Metropolitan Club in New York City. Information regarding this event is summarized below:

Location:  Metropolitan Club
           One East 60th Street
           New York, NY 10022-1054

Schedule:  1:30-2:00pm  Registration (James Room)
           2:00-5:30pm  Presentations (James Room)
           5:30-7:30pm  Reception (Library)

Attire:    Metropolitan Club requires jacket and tie

Adam Carter, Director of the Transceiver Module Group for Cisco Systems, will be the keynote speaker for this event. Presentations will be made by various members of Finisar's management including Jerry Rawls, Finisar's Chairman of the Board, and Eitan Gertel, who will become Finisar's Chief Executive Officer, subject to stockholder approval of Finisar's combination with Optium Corporation and the closing of the transaction.

Registration:

Due to limited space, those wishing to attend in person should register no later than October 3, 2008, by visiting Finisar's Web site at http://www.finisar.com or by going directly to http://investor.finisar.com/rsvp.cfm. The proceedings will be webcast live and will be archived for later viewing.

About Finisar

Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic components and subsystems and network test systems. These products enable high-speed voice, video and data communications for networking, storage and wireless applications over Local Area Networks (LANs), Storage Area Networks (SANs), and Metropolitan Area Networks (MANs) using Ethernet, Fibre Channel, IP, SAS, SATA and SONET/SDH protocols. Subject to completion of the pending combination with Optium, the Company will offer additional high performance optical subsystem products for use in telecommunications and cable TV networks. The Company is headquartered in Sunnyvale, California, USA. More information can be found at www.finisar.com.

Important Additional Information

In connection with the proposed combination of Finisar and Optium Corporation, Finisar has filed with the SEC a Registration Statement on Form S-4 containing a Joint Proxy Statement/Prospectus and Optium has filed with the SEC the same Joint Proxy Statement/Prospectus. The definitive Joint Proxy Statement/ Prospectus has been mailed to the stockholders of Finisar and Optium. Each company will also file with the SEC from time to time other documents relating to the proposed combination. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY THE JOINT PROXY STATEMENT/ PROSPECTUS AND OTHER DOCUMENTS FILED BY EITHER FINISAR OR OPTIUM WITH THE SEC RELATING TO THE PROPOSED COMBINATION WHEN THEY ARE FILED, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED COMBINATION.

Copies of the documents filed with the SEC by Finisar or Optium may be obtained free of charge from the SEC website maintained at www.sec.gov. In addition, Finisar's SEC filings may be obtained free of charge from Finisar's website (www.Finisar.com) or by calling Finisar's Investor Relations department at 408-542-5050 and Optium's filings may be obtained free of charge from Optium's website (www.Optium.com) or by calling Optium's Investor Relations department at 267-803-3801.

Each of Finisar and Optium, and its respective directors and executive officers, may be deemed to be participants in the solicitation of proxies from that company's respective stockholders in connection with the proposed combination. Information about the directors and executive officers of Finisar (including their respective ownership of Finisar shares) and the directors and executive officers of Optium (including their respective ownership of Optium shares) is contained in the Joint Proxy Statement/Prospectus filed with the SEC.

Contact Information: Contacts: Steve Workman Chief Financial Officer Finisar Corporation 408-548-1000 investor.relations@finisar.com Victoria McDonald Sr. Manager, Corporate Communications Finisar Corporation 408-542-4261 victoria.mcdonald@finisar.com