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
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
41.1 million shares of Finisar common stock, representing approximately
22% of the outstanding shares.