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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <div style="border:none;border-top:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED
  STATES SECURITIES AND EXCHANGE COMMISSION</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Form&nbsp;8-K</font></b></p>
  
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT<br>
  PURSUANT TO SECTION&nbsp;13 OR 15(d)&nbsp;OF THE SECURITIES EXCHANGE ACT OF
  1934</font></b></p>
  
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of report (date of earliest
  event reported):<br>
  <b>May&nbsp;15, 2008</b></font></p>
  
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>
  
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Optium Corporation</font></b><br>
  (Exact name of registrant as specified in its charter)</p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">001-33109</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">59-3684497</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other
    jurisdiction of incorporation)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File No.)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer
    Identification No.)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">200 Precision Drive</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Horsham, PA 19044</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal executive
  offices)</font></p>
  
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s telephone number,
  including area code:<br>
  <b>(267) 803-3800</b></font></p>
  
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form&nbsp;8-K filing
  is intended to simultaneously satisfy the filing obligation of the registrant
  under any of the following provisions (see General Instruction A.2. below):</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-autospace:ideograph-numeric ideograph-other;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Written
  communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR
  230.425)</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-autospace:ideograph-numeric ideograph-other;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-autospace:ideograph-numeric ideograph-other;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Soliciting
  material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR
  240.14a-12)</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-autospace:ideograph-numeric ideograph-other;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-autospace:ideograph-numeric ideograph-other;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement
  communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17
  CFR 240.14d-2(b))</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-autospace:ideograph-numeric ideograph-other;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-autospace:ideograph-numeric ideograph-other;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement
  communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17
  CFR 240.13e-4(c))</font></p>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p style="border:none;margin:0in 0in .0001pt .25in;padding:0in;text-autospace:ideograph-numeric ideograph-other;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
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  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\bvanga\08-14413-2\task2945250\14413-2-ba.htm',USER='bvanga',CD='May 16 04:02 2008' -->
  
  
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  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Entry into a Material Definitive
  Agreement.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;15, Finisar
  Corporation, a Delaware corporation (&#147;Finisar&#148;), Fig Combination Corporation, a
  Delaware corporation and a wholly-owned subsidiary of Finisar (&#147;Sub&#148;), and
  Optium Corporation, a Delaware corporation (&#147;Optium&#148;), entered into an
  Agreement and Plan of Merger (the &#147;Merger Agreement&#148;) providing for the
  combination of Finisar and Optium through the merger (the &#147;Merger&#148;) of Sub with
  and into Optium on the terms and subject to the conditions thereof.&#160; The Merger Agreement has been approved by the
  Boards of Directors of Finisar and Optium.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the Merger, which is intended to
  qualify as a tax-free reorganization&#160; for
  U.S. federal income tax purposes under section 368(a)&nbsp;of the Internal
  Revenue Code of 1986, as amended, at the effective time of the Merger (the &#147;Effective
  Time&#148;) each outstanding share of Optium common stock will be converted into the
  right to receive 6.262 shares of Finisar common stock (the &#147;Exchange Ratio&#148;).&#160; At the Effective Time, outstanding options,
  restricted stock units and warrants to acquire shares of Optium common stock
  will become exercisable, in accordance with their terms, for a number of shares
  of Finisar common stock based on the Exchange Ratio.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Merger Agreement provides that,
  at the Effective Time:&#160; (i)&nbsp;Jerry S.
  Rawls, Finisar&#146;s Chairman, President and Chief Executive Officer, will remain
  as executive Chairman of the Board of Directors of Finisar; (ii)&nbsp;Eitan
  Gertel, Optium&#146;s Chairman and Chief Executive Officer, will become Finisar&#146;s
  Chief Executive Officer; and (iii)&nbsp;the Board of Directors of Finisar will
  be reconstituted to comprise six of Finisar&#146;s current directors, Mr.&nbsp;Gertel
  and two other current members of the Board of Directors of Optium who have been
  identified in the Merger Agreement and approved by Finisar&#146;s Board of Directors.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The conditions to the Merger
  include approval of the issuance of Finisar common stock in the Merger by the
  stockholders of Finisar and the adoption and approval of the Merger by the
  stockholders of&#160; Optium, each approval to
  be sought at separate stockholder meetings, in respect of which meetings
  (subject to certain exceptions which, if invoked, could obligate the invoking
  party to pay the termination fee specified below in this Item), the Boards of
  Directors of Finisar and Optium, respectively, have agreed to recommend
  approval. Concurrently with the execution of the Merger Agreement, each&#160; of the directors and executive officers of
  Finisar, and each of the directors and executive officers of Optium and certain
  affiliates of Optium, entered into a Voting Agreement (the &#147;Voting Agreements&#148;)
  with Optium or Finisar (as the case may be), under which such person agreed to
  vote such person&#146;s shares of Finisar or Optium common stock (as the case may
  be) in favor of the Merger and against any opposing proposal. The Voting
  Agreements relate to an aggregate of approximately 7&nbsp;% of the outstanding
  Finisar common stock and approximately 34&nbsp;% of the outstanding Optium
  common stock.&#160; The Voting Agreements
  terminate upon the earlier of the consummation of the Merger, the termination
  of the Merger Agreement or a change in recommendation of the Merger by the
  Finisar or Optium Board of Directors.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Merger Agreement provides that
  the consummation of the Merger is also subject to various other&#160; customary conditions, including: (i)&nbsp;the
  expiration or termination of the&#160;
  applicable waiting period under the Hart-Scott-Rodino Antitrust
  Improvements Act of 1976, as amended; (ii)&nbsp;the effectiveness of a
  registration statement on Form&nbsp;S-4 to be filed by Finisar to register the
  shares of Finisar common stock to be issued in the Merger; and (iii)&nbsp;the
  approval of those shares for listing on the NASDAQ Global Select Market.</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
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  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Finisar and Optium have each made
  customary representations, warranties, covenants and other agreements in the
  Merger Agreement, the accuracy and compliance with which (to the standard
  specified in the Merger Agreement) are conditions to the other party&#146;s
  obligation to consummate the Merger.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Merger Agreement provides for
  certain customary termination rights for both Finisar and Optium and further
  provides that, upon termination under specified circumstances, Finisar or
  Optium, as the case may be, will be obligated to pay to the other a termination
  fee.&#160; The termination fee payable by
  Finisar is $16,650,000 and the termination fee payable by Optium is&#160; $6,725,000 plus reimbursement of up to&#160; $2,240,000 of its expenses incurred in
  connection with the Merger Agreement and the transactions contemplated
  thereby.&#160; Under certain circumstances when
  the payments referred to in the prior sentence are not payable but the Merger
  Agreement is terminated, each of Finisar and Optium may be obligated to
  reimburse up to&#160; $2,240,000 of the other
  party&#146;s expenses incurred in connection with the Merger Agreement and the
  transactions contemplated thereby.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The foregoing description of the
  Merger Agreement and the Voting Agreements, as well as the description thereof
  contained in the joint press release issued by Finisar and Optium on May&nbsp;16,
  2008 which is&#160; filed as&#160; Exhibit&nbsp;99.1 hereto&#160; (the &#147;Joint Press Release&#148;) and is
  incorporated into this Item by reference, are only summaries and do not purport
  to be complete and are qualified in their entirety by reference to the full
  texts of the Merger Agreement and the Voting Agreements.&#160; Finisar and Optium expect to file a copy of
  the Merger Agreement and the forms of Voting Agreement signed, respectively, by
  the Finisar and Optium signatory stockholders, in a further Current Report on Form&nbsp;8-K
  as soon as practicable.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Important Additional Information</font></b></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with the proposed
  combination of Finisar and Optium, Finisar plans to file with the Securities
  and Exchange Commission (the &#147;SEC&#148;) a Registration Statement on Form&nbsp;S-4
  containing a Joint Proxy Statement/Prospectus and Optium plans to file with the
  SEC the same Joint Proxy Statement/Prospectus.&#160;
  The definitive Joint Proxy Statement/Prospectus will be mailed to the
  stockholders of Finisar and Optium after clearance with the SEC.&#160; Each company will also file with the SEC from
  time to time other documents relating to the proposed combination.&#160; INVESTORS AND SECURITY HOLDERS ARE URGED TO
  READ CAREFULLY THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT IS FILED WITH THE
  SEC, AND OTHER DOCUMENTS FILED BY EITHER FINISAR OR OPTIUM WITH THE SEC
  RELATING TO THE PROPOSED COMBINATION WHEN THEY ARE FILED, BECAUSE THEY WILL
  CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED COMBINATION.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Copies of the documents
  filed with the SEC by Finisar or Optium may be obtained free of charge from the
  SEC website maintained at www.sec.gov.&#160;
  In addition, Finisar&#146;s SEC filings may be obtained free of charge from
  Finisar&#146;s website (www.Finisar.com) or by calling Finisar&#146;s Investor Relations
  department at 408-542-5050 and Optium&#146;s filings may be obtained free of charge
  from Optium&#146;s website (www.Optium.com) or by calling Optium&#146;s Investor
  Relations department at 267-803-3801.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each of Finisar and Optium, and its
  respective directors and executive officers, may be deemed to be participants
  in the solicitation of proxies from that company&#146;s respective </font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
  <div style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\bvanga\08-14413-2\task2945250\14413-2-ba.htm',USER='bvanga',CD='May 16 04:02 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">stockholders
  in connection with the proposed combination.&#160;
  Information about the directors and executive officers of Finisar
  (including their respective ownership of Finisar shares) is contained in
  Finisar&#146;s annual meeting proxy statement filed with the SEC on February&nbsp;21,
  2008 and available free of charge in the manner described above.&#160; Information about the directors and executive
  officers of Optium (including their respective ownership of Optium shares) is
  contained in Optium&#146;s annual meeting proxy statement filed with the SEC on November&nbsp;13,
  2007 and available free of charge in the manner described above.&#160; Additional information regarding the
  interests of such participants in the proposed combination will be included in
  the Joint Proxy Statement/Prospects and the other documents filed by each
  company with the SEC relating to the proposed combination (when filed).</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Results
  of Operations and Financial Condition.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Joint Press Release, filed
  herewith as exhibit 99.1, includes statements by each of Finisar and Optium
  with respect to their respective expectations as to the total revenues that
  each will report for their most recent fiscal quarters, ended April&nbsp;30,
  2008 (in the case of Finisar) and May&nbsp;2, 2008 (in the case of
  Optium).&#160; Those statements appear in the
  section of the Joint Press release under the caption &#147;Both Companies Expect To
  Report Record Revenues for Their Most Recent Quarters.&#148;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For certain risks associated with
  the revenue expectations reported in the Joint Press Release, reference is made
  to the information contained under the caption &#147;Forward-Looking Statements&#148; in
  Item 1.01 of this Report, which information is incorporated into this Item by
  reference.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Financial
  Statements and Exhibits.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;margin-left:.5in;width:90.0%;">
   <tr>
    <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit&nbsp;No.:</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="86%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:86.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;99.1</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="86%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:86.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Joint press
    release issued on May&nbsp;16, 2008 by Finisar Corporation and Optium
    Corporation</font></p>
    </td>
   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt 1.75in;text-autospace:none;text-indent:-1.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Forward-Looking Statements</font></b></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This filing contains
  forward-looking statements within the meaning of the Private Securities
  Litigation Reform Act of 1995.&#160; These
  forward-looking statements include, but are not limited to, statements related
  to the anticipated consummation of the proposed combination of Finisar and
  Optium, the benefits of the proposed combination, the future financial
  performance of Finisar after the proposed combination and each company&#146;s
  expected reported revenues for its latest quarter.&#160; All forward-looking statements included in
  this filing are based on information available to Finisar and Optium as of the
  date of this filing and current expectations, forecasts and assumptions of each
  company.&#160; Forward-looking statements
  involve risks and uncertainties which could cause actual results to differ
  materially from those anticipated.&#160; In
  the case of each company&#146;s expected revenues for its latest quarter, these
  risks and uncertainties include adjustments to preliminary financial results
  that may result from the completion of the normal quarterly financial reporting
  process.&#160; In the case of the proposed
  combination of Finisar and </font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  
  <div style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\bvanga\08-14413-2\task2945250\14413-2-ba.htm',USER='bvanga',CD='May 16 04:02 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Optium,
  these risks and uncertainties include the risk that the proposed combination
  may not close, including the risk that the requisite stockholder and regulatory
  approvals may not be obtained;&#160;
  difficulties that may be encountered in integrating the combined
  businesses and realizing the potential synergies of the proposed combination;
  risks associated with the rapidly evolving markets for both companies&#146;
  products, the&#160; historical dependence of
  each company on a limited number of customers, and fluctuations in the mix of
  products and customers in any period; the risks associated with ongoing new
  product development, and introduction of new and enhanced products; the
  challenges of rapid growth followed by periods of contraction;&#160; intensive competition; and the other risks
  and uncertainties faced by each company, as reported in their most recent
  respective Forms 10-K, Forms 10-Q and other filings with the&#160; SEC.&#160;
  No forward-looking statements in this filing or those filings should&#160; be relied upon as representing Finisar&#146;s or
  Optium&#146;s views or expectations as of any subsequent date and neither company
  undertakes any obligation to revise or update any such forward-looking
  statement to reflect events or circumstances that may arise after the statement
  was made.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signatures</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the
  Securities Exchange Act of 1934, the registrant has duly caused this report to
  be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:&#160; May&nbsp;16, 2008</font></p><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
    <td width="50%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Optium Corporation</font></b></p></td>
   </tr>
   <tr>
    <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
    <td width="50%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
   </tr>
   <tr>
    <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
    <td width="50%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
   </tr>
   <tr>
    <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.32%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By: </font></p></td>
    <td width="23%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:23.34%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Christopher E. Brown</font></p></td>
    <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
   </tr>
   <tr>
    <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.32%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
    <td width="46%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Christopher E. Brown</font></p></td>
   </tr>
   <tr>
    <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.32%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
    <td width="46%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;"><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General Counsel, Vice President of Corporate Development and Secretary</font></p></td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p><p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Courier" style="font-size:10.0pt;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></p></div>
  <!-- SEQ.=1,FOLIO='5',FILE='C:\JMS\bvanga\08-14413-2\task2945250\14413-2-ba.htm',USER='bvanga',CD='May 16 04:02 2008' -->
  
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-14413_28k.htm", "description": "8-K", "secsgml_size_bytes": 41563}]
metadata_filer: {"company-data": {"conformed-name": "OPTIUM CORP", "cik": "0001219169", "assigned-sic": "3674", "irs-number": "000000000", "state-of-incorporation": "DE"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33109", "film-number": "08840281"}, "business-address": {"street1": "200 PRECISION ROAD", "city": "HORSHAM", "state": "PA", "zip": "19044", "phone": "2678033800"}, "mail-address": {"street1": "200 PRECISION ROAD", "city": "HORSHAM", "state": "PA", "zip": "19044"}}
text: UNITED
  STATES SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  Form 8-K
  CURRENT REPORT
  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
  1934
  Date of report (date of earliest
  event reported):
  May 15, 2008
  Optium Corporation
  (Exact name of registrant as specified in its charter)
  Delaware
  001-33109
  59-3684497
  (State or other
    jurisdiction of incorporation)
  (Commission File No.)
  (I.R.S. Employer
    Identification No.)
  200 Precision Drive
  Horsham, PA 19044
  (Address of principal executive
  offices)
  Registrant's telephone number,
  including area code:
  (267) 803-3800
  Check the appropriate box below if the Form 8-K filing
  is intended to simultaneously satisfy the filing obligation of the registrant
  under any of the following provisions (see General Instruction A.2. below):
  o
  Written
  communications pursuant to Rule 425 under the Securities Act (17 CFR
  230.425)
  x
  Soliciting
  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
  240.14a-12)
  o
  Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17
  CFR 240.14d-2(b))
  o
  Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17
  CFR 240.13e-4(c))
  Item 1.01               Entry into a Material Definitive
  Agreement.
  On May 15, Finisar
  Corporation, a Delaware corporation ("Finisar"), Fig Combination Corporation, a
  Delaware corporation and a wholly-owned subsidiary of Finisar ("Sub"), and
  Optium Corporation, a Delaware corporation ("Optium"), entered into an
  Agreement and Plan of Merger (the "Merger Agreement") providing for the
  combination of Finisar and Optium through the merger (the "Merger") of Sub with
  and into Optium on the terms and subject to the conditions thereof.  The Merger Agreement has been approved by the
  Boards of Directors of Finisar and Optium.
  In the Merger, which is intended to
  qualify as a tax-free reorganization  for
  U.S. federal income tax purposes under section 368(a) of the Internal
  Revenue Code of 1986, as amended, at the effective time of the Merger (the "Effective
  Time") each outstanding share of Optium common stock will be converted into the
  right to receive 6.262 shares of Finisar common stock (the "Exchange Ratio").  At the Effective Time, outstanding options,
  restricted stock units and warrants to acquire shares of Optium common stock
  will become exercisable, in accordance with their terms, for a number of shares
  of Finisar common stock based on the Exchange Ratio.
  The Merger Agreement provides that,
  at the Effective Time:  (i) Jerry S.
  Rawls, Finisar's Chairman, President and Chief Executive Officer, will remain
  as executive Chairman of the Board of Directors of Finisar; (ii) Eitan
  Gertel, Optium's Chairman and Chief Executive Officer, will become Finisar's
  Chief Executive Officer; and (iii) the Board of Directors of Finisar will
  be reconstituted to comprise six of Finisar's current directors, Mr. Gertel
  and two other current members of the Board of Directors of Optium who have been
  identified in the Merger Agreement and approved by Finisar's Board of Directors.
  The conditions to the Merger
  include approval of the issuance of Finisar common stock in the Merger by the
  stockholders of Finisar and the adoption and approval of the Merger by the
  stockholders of  Optium, each approval to
  be sought at separate stockholder meetings, in respect of which meetings
  (subject to certain exceptions which, if invoked, could obligate the invoking
  party to pay the termination fee specified below in this Item), the Boards of
  Directors of Finisar and Optium, respectively, have agreed to recommend
  approval. Concurrently with the execution of the Merger Agreement, each  of the directors and executive officers of
  Finisar, and each of the directors and executive officers of Optium and certain
  affiliates of Optium, entered into a Voting Agreement (the "Voting Agreements")
  with Optium or Finisar (as the case may be), under which such person agreed to
  vote such person's shares of Finisar or Optium common stock (as the case may
  be) in favor of the Merger and against any opposing proposal. The Voting
  Agreements relate to an aggregate of approximately 7 % of the outstanding
  Finisar common stock and approximately 34 % of the outstanding Optium
  common stock.  The Voting Agreements
  terminate upon the earlier of the consummation of the Merger, the termination
  of the Merger Agreement or a change in recommendation of the Merger by the
  Finisar or Optium Board of Directors.
  The Merger Agreement provides that
  the consummation of the Merger is also subject to various other  customary conditions, including: (i) the
  expiration or termination of the 
  applicable waiting period under the Hart-Scott-Rodino Antitrust
  Improvements Act of 1976, as amended; (ii) the effectiveness of a
  registration statement on Form S-4 to be filed by Finisar to register the
  shares of Finisar common stock to be issued in the Merger; and (iii) the
  approval of those shares for listing on the NASDAQ Global Select Market.
  2
  Finisar and Optium have each made
  customary representations, warranties, covenants and other agreements in the
  Merger Agreement, the accuracy and compliance with which (to the standard
  specified in the Merger Agreement) are conditions to the other party's
  obligation to consummate the Merger.
  The Merger Agreement provides for
  certain customary termination rights for both Finisar and Optium and further
  provides that, upon termination under specified circumstances, Finisar or
  Optium, as the case may be, will be obligated to pay to the other a termination
  fee.  The termination fee payable by
  Finisar is $16,650,000 and the termination fee payable by Optium is  $6,725,000 plus reimbursement of up to  $2,240,000 of its expenses incurred in
  connection with the Merger Agreement and the transactions contemplated
  thereby.  Under certain circumstances when
  the payments referred to in the prior sentence are not payable but the Merger
  Agreement is terminated, each of Finisar and Optium may be obligated to
  reimburse up to  $2,240,000 of the other
  party's expenses incurred in connection with the Merger Agreement and the
  transactions contemplated thereby.
  The foregoing description of the
  Merger Agreement and the Voting Agreements, as well as the description thereof
  contained in the joint press release issued by Finisar and Optium on May 16,
  2008 which is  filed as  Exhibit 99.1 hereto  (the "Joint Press Release") and is
  incorporated into this Item by reference, are only summaries and do not purport
  to be complete and are qualified in their entirety by reference to the full
  texts of the Merger Agreement and the Voting Agreements.  Finisar and Optium expect to file a copy of
  the Merger Agreement and the forms of Voting Agreement signed, respectively, by
  the Finisar and Optium signatory stockholders, in a further Current Report on Form 8-K
  as soon as practicable.
  Important Additional Information
  In connection with the proposed
  combination of Finisar and Optium, Finisar plans to file with the Securities
  and Exchange Commission (the "SEC") a Registration Statement on Form S-4
  containing a Joint Proxy Statement/Prospectus and Optium plans to file with the
  SEC the same Joint Proxy Statement/Prospectus. 
  The definitive Joint Proxy Statement/Prospectus will be mailed to the
  stockholders of Finisar and Optium after clearance with the SEC.  Each company will also file with the SEC from
  time to time other documents relating to the proposed combination.  INVESTORS AND SECURITY HOLDERS ARE URGED TO
  READ CAREFULLY THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT IS FILED WITH THE
  SEC, AND OTHER DOCUMENTS FILED BY EITHER FINISAR OR OPTIUM WITH THE SEC
  RELATING TO THE PROPOSED COMBINATION WHEN THEY ARE FILED, BECAUSE THEY WILL
  CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED COMBINATION.
  Copies of the documents
  filed with the SEC by Finisar or Optium may be obtained free of charge from the
  SEC website maintained at www.sec.gov. 
  In addition, Finisar's SEC filings may be obtained free of charge from
  Finisar's website (www.Finisar.com) or by calling Finisar's Investor Relations
  department at 408-542-5050 and Optium's filings may be obtained free of charge
  from Optium's website (www.Optium.com) or by calling Optium's Investor
  Relations department at 267-803-3801.
  Each of Finisar and Optium, and its
  respective directors and executive officers, may be deemed to be participants
  in the solicitation of proxies from that company's respective
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  stockholders
  in connection with the proposed combination. 
  Information about the directors and executive officers of Finisar
  (including their respective ownership of Finisar shares) is contained in
  Finisar's annual meeting proxy statement filed with the SEC on February 21,
  2008 and available free of charge in the manner described above.  Information about the directors and executive
  officers of Optium (including their respective ownership of Optium shares) is
  contained in Optium's annual meeting proxy statement filed with the SEC on November 13,
  2007 and available free of charge in the manner described above.  Additional information regarding the
  interests of such participants in the proposed combination will be included in
  the Joint Proxy Statement/Prospects and the other documents filed by each
  company with the SEC relating to the proposed combination (when filed).
  Item 2.02.              Results
  of Operations and Financial Condition.
  The Joint Press Release, filed
  herewith as exhibit 99.1, includes statements by each of Finisar and Optium
  with respect to their respective expectations as to the total revenues that
  each will report for their most recent fiscal quarters, ended April 30,
  2008 (in the case of Finisar) and May 2, 2008 (in the case of
  Optium).  Those statements appear in the
  section of the Joint Press release under the caption "Both Companies Expect To
  Report Record Revenues for Their Most Recent Quarters."
  For certain risks associated with
  the revenue expectations reported in the Joint Press Release, reference is made
  to the information contained under the caption "Forward-Looking Statements" in
  Item 1.01 of this Report, which information is incorporated into this Item by
  reference.
  Item 9.01.              Financial
  Statements and Exhibits.
  (d)           Exhibits
  Exhibit No.:
  Description
  Exhibit 99.1
  Joint press
    release issued on May 16, 2008 by Finisar Corporation and Optium
    Corporation
  Forward-Looking Statements
  This filing contains
  forward-looking statements within the meaning of the Private Securities
  Litigation Reform Act of 1995.  These
  forward-looking statements include, but are not limited to, statements related
  to the anticipated consummation of the proposed combination of Finisar and
  Optium, the benefits of the proposed combination, the future financial
  performance of Finisar after the proposed combination and each company's
  expected reported revenues for its latest quarter.  All forward-looking statements included in
  this filing are based on information available to Finisar and Optium as of the
  date of this filing and current expectations, forecasts and assumptions of each
  company.  Forward-looking statements
  involve risks and uncertainties which could cause actual results to differ
  materially from those anticipated.  In
  the case of each company's expected revenues for its latest quarter, these
  risks and uncertainties include adjustments to preliminary financial results
  that may result from the completion of the normal quarterly financial reporting
  process.  In the case of the proposed
  combination of Finisar and
  4
  Optium,
  these risks and uncertainties include the risk that the proposed combination
  may not close, including the risk that the requisite stockholder and regulatory
  approvals may not be obtained; 
  difficulties that may be encountered in integrating the combined
  businesses and realizing the potential synergies of the proposed combination;
  risks associated with the rapidly evolving markets for both companies'
  products, the  historical dependence of
  each company on a limited number of customers, and fluctuations in the mix of
  products and customers in any period; the risks associated with ongoing new
  product development, and introduction of new and enhanced products; the
  challenges of rapid growth followed by periods of contraction;  intensive competition; and the other risks
  and uncertainties faced by each company, as reported in their most recent
  respective Forms 10-K, Forms 10-Q and other filings with the  SEC. 
  No forward-looking statements in this filing or those filings should  be relied upon as representing Finisar's or
  Optium's views or expectations as of any subsequent date and neither company
  undertakes any obligation to revise or update any such forward-looking
  statement to reflect events or circumstances that may arise after the statement
  was made.
  Signatures
  Pursuant to the requirements of the
  Securities Exchange Act of 1934, the registrant has duly caused this report to
  be signed on its behalf by the undersigned hereunto duly authorized.
  Date:  May 16, 2008
  Optium Corporation
  By:
  /s/ Christopher E. Brown
  Christopher E. Brown
  General Counsel, Vice President of Corporate Development and Secretary
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