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To: Clappy who wrote (31796)	9/5/2000 10:32:00 AM
From: Clappy	Respond to of 35685

RE: AVNX I'm guessing that next quarter's revenue growth rate will be incredible. biz.yahoo.com Avanex Passes Another Growth Milestone With 1,000th Employee FREMONT, Calif., Sept. 5 /PRNewswire/ -- Avanex Corporation (Nasdaq: AVNX - news) announced today that it has passed another significant growth milestone with the addition of its 1,000th employee, an increase of more than twenty-fold in less than 18 months. ``The phenomenal growth of the Avanex workforce mirrors the success we have had with the introduction of advanced solutions to increase the speed and efficiency of next-generation communications networks,'' Walter Alessandrini, president and CEO of Avanex, said. ``It is yet another illustration that our unique photonic processing technologies are becoming an industry standard for adding value to optical network architectures.'' The Avanex workforce has grown to its current size from 60 in June 1999. In addition, Avanex has expanded its headquarters and manufacturing facilities in Fremont twice within the past fiscal year. Each expansion has roughly tripled the amount of space available. Last week, Avanex also announced it is expanding its Photonics Center at a new location in Richardson, Texas. The company will occupy approximately three times the space of the current site. The Photonics Center(TM) houses a dedicated 3,000-kilometer simulated optical network that allows Avanex network and system application professionals to work with carriers and systems integrators to optimize their optical architectures. The simulated network also showcases the capabilities of Avanex's unique photonic processors. ``Avanex occupies facilities in Fremont and Richardson that support the highest levels of manufacturing quality, process controls, product development, correlation and validation of optical processes within a network, discreet system modeling and customer training,'' Alessandrini said. ``As the demand for our photonics processors continues to grow, we are committed to supporting our customers' need for next-generation solutions, and we are committed to providing our employees with a work environment that contributes to their continued high performance.'' About Avanex Avanex designs, manufactures and markets photonic processors for the communications industry. Avanex's photonic processors offer communications service providers and optical systems manufacturers greater levels of performance and miniaturization, reduced complexity and increased cost- effectiveness as compared to current alternatives. Avanex was incorporated in 1997 and is headquartered in Fremont, Calif. In addition to a development and manufacturing facility in Fremont, the company also maintains The Photonics Center(TM) in Richardson, Texas. To learn more about Avanex, visit its web site at: www.avanex.com. Forward-looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act. Actual results could differ materially from those projected in the forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, our inability to sufficiently anticipate market needs and develop products and product enhancements that achieve market acceptance. Avanex undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.