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Financial

Finisar Founder Increases Holding

SUNNYVALE, Calif. -- Finisar Corporation (Nasdaq:FNSR - news), a leading provider of gigabit fiber optic solutions for high-speed data networks, today reported that it has been advised that Seti Trading Co., an investment holding company wholly owned by Frank H. and Wynnette L. Levinson, purchased a total of 1.2 million shares of Finisar common stock in a series of open market transactions on March 29 and 30, 2001. Dr. Levinson founded Finisar in 1987 and currently serves as the Company's Board Chairman and Chief Technical Officer. Prior to these purchases, Dr. Levinson was the beneficial owner of approximately 41.1 million shares of Finisar common stock, representing approximately 22% of the outstanding shares.

http://www.finisar.com
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