SUNNYVALE, Calif. -- Finisar Corporation (Nasdaq:FNSR - news), a technology leader in gigabit fiber optic solutions for high-speed data networks, today reported financial results for its first quarter ended July 31, 2001.Finisar plans to review its first quarter results and discuss its current outlook for the coming year during a conference call for investors at 5:00 p.m. EDT (2:00 p.m PDT) today, Tuesday, August 28, 2001. The call will be broadcast live over the Internet on the Investor Relations section of Finisar's web site, located at www.finisar.com. To listen to the Webcast, interested investors are encouraged to log onto the broadcast at least 15 minutes prior to the call. Participating in the call will be Jerry Rawls, Finisar's President and CEO, and Steve Workman, Finisar's CFO.Total revenues for the first quarter of fiscal 2002 of $34.2 million were in line with management's previous expectations as announced on July 26, 2001, up 26% from the first quarter of fiscal 2001 but down sequentially by 35% from the immediately preceding quarter. Total revenues include sales of optical components and subsystems of $25.3 million and sales of network test and monitoring systems of $8.9 million. Sales of optical components and subsystems were up 15% from the first quarter of fiscal 2001 but down 40% sequentially. Sales of network test and monitoring systems were up 71% from the first quarter of fiscal 2001 but down sequentially by 14%.Finisar Corp.