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To: Clint E. who wrote (26028)	4/8/2000 9:24:00 AM
From: Clint E.	Respond to of 67845

Friday April 7, 8:36 AM,, Finisar ups share sale to 7.7 mln shrs at $100/shr SUNNYVALE, Calif., April 7 (Reuters) - Finisar Corp. (NasdaqNM:FNSR - news), a maker of computer network equipment, said on Friday it would sell 7.7 million common shares, up from 7 million originally planned, at a price of $100 a share. Of this amount Finisar will sell 2 million and 5.7 million will be sold by existing stockholders. Finisar and some of the selling stockholders have granted the underwriters an option to purchase up to an additional 1.16 million shares to cover any over-allotments. The company said it will use net proceeds for general corporate purposes, including working capital and capital expenditures. Finisar makes fiber optic subsystems and network performance test systems that enable high-speed data communications over computer networks. The company's shares closed Thursday at 100-7/16. The offering was managed by Merrill Lynch & Co., J.P. Morgan & Co., CIBC World Markets, Dain Rauscher Wessels, A.G. Edwards & Sons, Inc., Morgan Keegan & Company, Inc., Wit SoundView and Ameritrade. A copy of the prospectus may be obtained from the office of Merrill Lynch & Co., World Financial Center, 250 Vessey Street, New York, New York 10281.