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Technology Stocks : Oclaro, Inc. (Avanex-Bookham) -- Ignore unavailable to you. Want to Upgrade?

To: LLCoolG who wrote (821)	10/24/2000 11:07:01 AM
From: LJM	Respond to of 2293

Avanex Corporation (ticker: AVNX, exchange: NASDAQ) News Release - 24-Oct-2000 -------------------------------------------------------------------------------- Avanex Plans Another Major Facilities Expansion in Fremont FREMONT, Calif., Oct. 24 /PRNewswire/ -- Avanex Corporation (Nasdaq: AVNX), the global provider of photonic processors that enable next generation performance for optical communications networks, will lease an additional 110,000 square feet of manufacturing and headquarters office space in the Fremont area in an effort to keep pace with customer demand, the company announced today. The two new buildings, located in the Stevenson Point Technology Park less than a mile from the Avanex headquarters, are expected to be occupied and operational in the first quarter of calendar year 2001. The most recent expansion plan comes close on the heels of Avanex's mid-summer move into an additional 91,000 square feet adjacent to its headquarters and manufacturing facility in Fremont. That expansion nearly tripled the size of the company's corporate offices and manufacturing space. With the expansion announced today, Avanex facilities in the Fremont area will occupy approximately 255,000 square feet, nearly five times the level of a year ago and 14 times the level of 18 months ago. "The expansion numbers really need no elaboration," Walter Alessandrini, president and CEO of Avanex, said. "They are literally concrete evidence of the market success of our photonic processor solutions. This major expansion is another example of our commitment to plan prudently and thoroughly and execute flawlessly in order to meet our growing commitments to our current and future customers." In addition to the expansions in Fremont, Avanex is expanding its Photonics Center at a new location in Richardson, Texas. The company will occupy approximately three times more space in the new Richardson facility than the current site. The company also announced recently that it has moved past the 1,000-employee mark, which represents a more than twenty-fold increase in its workforce in less than 18 months. 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. SOURCE Avanex Corporation CONTACT: media, Tony Florence, 510-897-4162, fax, 510-979-0198, or e-mail, tony_florence@avanex.com , or investors, Mark Weinswig, 510-897-4344, fax, 510-897-4345, or e-mail, mark_weinswig@avanex.com , both of Avanex Corporation/

To: LLCoolG who wrote (821)	10/24/2000 10:44:40 PM
From: robert duke	Read Replies (2) \| Respond to of 2293

Come on stop being so mean to people you do not even know. Avanex is a great company. And the stock may hit 150 in two week or 70. But I feel as an investor that before the next great bull run begins the over valuation must be taken out of these stocks. This means the small guy must be scared to invest. This is when you know that it is a good time to invest. These rallies the nasdaq has are very weak. We may get another one soon but it won't break higher than 4000. We may easily see avanex at 70 or 80 as a bottom, but bottoms always hit twice before a run. 55 was hit once so far. It will hit again. Don't ever eush into a fast quick buck to make money. Make sound secure investments. This is why the rich stay rich and the rich sometimes become poor.