Antitrust Clearances Received for Finisar's Acquisition

Antitrust Clearances Received for Finisar's Acquisition of Infineon Fiber Optics Business

Aug. 03, 2004  -- Finisar Corporation, reported today that Finisar and Infineon Technologies AG (NYSE: IFX) have received clearances from antitrust and merger control authorities in the United States and Europe to proceed with Finisar's previously announced acquisition of Infineon's fiber optics business. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on July 15, 2004, and the merger control and antitrust regulatory authorities of the Federal Republic of Germany and the Czech Republic have notified Finisar and Infineon Technologies AG that they will not initiate proceedings with respect to the acquisition.

The acquisition remains subject to approval by Finisar's stockholders, which will be sought at Finisar's annual meeting, now expected to be held in late September or October 2004.