Finisar's common shares are traded on the NASDAQ Global Select Market under the trading symbol FNSR.

No, Finisar does not have a direct stock purchase program for investors. You may buy and sell Finisar shares through a stockbroker or a financial institution that provides brokerage services.

Finisar went public on November 11, 1999.

Finisar has not and does not expect to pay dividends on our common stock.

Our transfer agent is American Stock Transfer, www.amstock.com or 1-800-937-5449.

You may change your current mailing address by contacting American Stock Transfer and Trust Company at www.amstock.com or 1-800-937-5449.

You may begin the certificate replacement process by contacting American Stock Transfer and Trust Company at www.amstock.com or 1-800-937-5449.

Finisar's corporate headquarters is located in Sunnyvale, CA while its primary manufacturing facilities are located in Ipoh, Malaysia and Shanghai, China. Finisar fabricates its VCSEL lasers for LAN/SAN applications in Allen, Texas and operates a fab in Fremont, CA for making DFB and FP lasers for longer distance Metro and Telecom applications. The Company also has manufacturing and R&D facilities in Horsham, PA (USA) and as well as Australia, Denmark, Israel, Korea, Singapore, and Sweden. Finisar employs over 8,000 employees worldwide.

Today, Finisar offers the industry’s broadest portfolio of optical subsystems and components to system manufacturers for communication applications. The Company generally breaks down its revenue each quarter by product application including LAN/SAN applications involving distances of generally less than 500 meters, Metro applications involving longer distance applications for Ethernet and storage protocols and Telecom applications involving similar distances but which are compliant with the SONET protocol typically used in legacy carrier networks, wavelength selective switches (WSS) and reconfigurable optical add-drop multiplexer line cards (ROADMs) containing a WSS, used in telecom applications and optical transmission products for cable TV (CATV) applications.

According to industry analyst Lightcounting, the total market for transceivers and transponders (excluding ROADMs and CATV) is expected to be approximately $2.4 billion in calendar 2010. Of this amount, approximately $1.2 billion is expected to represent products capable of operating at 10 to 100 Gbps. According to industry analyst Infonetics, the market for WSS and ROADM line cards in 2010 is expected to be approximately $280 million but represents one of the fastest growing product solutions as a result of the ability of WSSs and ROADM line cards to enable flexible bandwidth management in in a network. Information pertaining to the size of the market for optical transmission products used in CATV networks is limited, but we believe annual sales of these products currently total approximately $50 million per year.

Growth in the demand for storage and bandwidth ultimately fuels the growth in demand for our products. The demand for video over the Internet through applications like YouTube and streaming of movies on NetFlix, as well as the growth of social networking sites, like Facebook, are key drivers for bandwidth. In addition, the proliferation of smart phones drives the demand for mobile bandwidth.  The Company also believes that the adoption of virtualization technology, while reducing the demand for servers in networks overall, ultimately increases the demand for optics as those virtualized machines move into the data center.

Products that address the FTTx and parallel optics segments, together estimated by Lightcounting to total approximately $500 million per year in 2011, were recently introduced by Finisar.  With these new product introductions, we believe we now address all major segments of the transceiver and transponder market.

Finisar competes primarily with Avago, CoAdna, JDSU, Oclaro, Opnext, Oplink, and Sumitomo.

Finisar offers the broadest portfolio of optical subsystems and components for communications in the industry. In addition, Finisar is one of the few companies who assembles and tests many of its optical products in its own internal production facilities as opposed to using subcontract manufacturers. This capability enables the Company to better control access to its intellectual property as well as to be able to respond more quickly to upside surprises from our customers. The Company is also highly vertically integrated supplying all of our needs for VCSEL lasers used for short-haul LAN and SAN applications and most of our own needs for longer distance lasers used for Metro and Telecom applications. We also design most of our own ICs used in our transceiver and transponder products and have them fabricated externally in order to be able to reduce product costs and innovate more quickly than if we depended on commercial suppliers of these chips.

We sell our optical products to manufacturers and contract manufacturers of storage systems, networking equipment and telecommunication equipment, such as Alcatel-Lucent, Brocade, Cisco Systems, EMC, Emulex, Ericsson, Hewlett-Packard, Huawei, IBM, Juniper, Qlogic, Siemens and Tellabs. These customers, in turn, sell their systems to businesses and to wireline and wireless telecommunications service providers and cable TV operators, collectively referred to as carriers.

The Company does not generally focus attention on this aspect of its business since it frequently sells its products to off-shore contract manufacturers of its key customers. As a result, international customers appear to represent a larger proportion of the company’s revenues than is really the case.

Finisar does not offer products such as optical amplifiers and components like laser and detector modules, dispersion compensators or channel monitors for very long-haul transmission.

Finisar has undertaken 18 transactions since its IPO of which 12 were related to optics (the other 6 were related to Network Tools-see below), including the merger with Optium on August 2, 2008. The major impetus for these transactions was the expansion of the Company’s product portfolio and the creation of a vertical business model where key components of the Company’s products are sourced internally in order to reduce product costs and accelerate development of new products.

In the early stages of Finisar’s founding, the Company decided to develop its own test equipment capabilities for building optical modules at high data rates in order to save money. A wide array of equipment was ultimately developed for use in testing the designs of products being developed at OEMS with a special emphasis on storage applications. The business generated approximately $40 million in revenues per year from 2004-2009 but was not synergistic with the Company’s optics business since the test equipment being sold was electrical in nature and did not involve the measurement of light signals. Therefore, the Company made the decision to sell the business to JDSU in July 2009 for $40.6 million plus accounts receivable and additional compensation in order to focus its resources on its core competencies in optics.

Finisar was incorporated in California in 1988 and reincorporated in Delaware on September 1, 1999.

Finisar maintains its financial records on the basis of a fiscal year beginning May 1 and ending April 30.

13 week quarterly periods end on a Sunday (except for fiscal year-end).