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To: Canuck Dave who wrote (4721)	11/18/1999 7:58:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 5529

FNSR had better earnings than SCMR...here's the details.....Thursday November 18, 4:16 pm Eastern Time Company Press Release Finisar Corporation Announces Financial Results for Second Quarter and First Half of Fiscal 2000 SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 18, 1999--Finisar Corporation (Nasdaq: FNSR - news), a leading provider of fiber optic subsystems and network performance test systems, today reported financial results for the second quarter and first half of fiscal 2000, ended October 31, 1999. Revenues for the second quarter of fiscal 2000 totaled $16.1 million, up 117% from $7.4 million for the second quarter of the prior year. The company recorded a net loss of $387,000, or $.01 per share for the second quarter of fiscal 2000, including a non-cash charge of $1.7 million for the amortization of deferred compensation in connection with the grant of stock options to employees prior to the Company's initial public offering on November 12, 1999. This compares to net income of $748,000, or $.02 per diluted share, for the second quarter of the prior year, including $99,000 of deferred compensation amortization. Revenues for the first half of fiscal 2000 were $30.0 million, up 111% compared to $14.2 million for the first half of fiscal 1999. Net income for the first half of fiscal 2000 was $866,000, or $.02 per diluted share, including $2.0 million in amortization of deferred compensation charges. This compares to net income of $1.8 million, or $.04 per diluted share, in the first half of fiscal 1999. Excluding the amortization of deferred compensation, net income for the second quarter and first half of fiscal 2000 would have been $1.3 million and $2.9 million, respectively, compared to $847,000 and $1.9 million, respectively, for the comparable periods of fiscal 1999. Sales of optical subsystems accounted for $10.8 million in revenues for the second quarter of fiscal 2000, a 137% increase over the same quarter of the prior year, while sales of test systems increased by 85% to $5.2 million. On a year-to-date basis, sales of optical subsystems of $20.3 million increased by 147% compared to the same period of the prior year while sales of test instruments increased by 62% to $9.6 million.