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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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;"><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;"><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;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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;"><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="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date
  of report (date of earliest event reported):<br>
  <b><font style="font-weight:bold;">May&nbsp;15, </font>2008</b></font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Finisar
  Corporation</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact
  name of registrant as specified in its charter)</font></p>
  
  <p style="margin:0in 0in .0001pt;"><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;"><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;"><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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">000-27999</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">94-3038428</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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other jurisdiction<br>
    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;"><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;"><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;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer <br>
    Identification No.)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1389 Moffett Park Drive</font></b></p>
  
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Sunnyvale, CA&#160; 94089</font></b><br>
  (Address of principal executive offices)</p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s
  telephone number, including area code:<br>
  <b>(408)&nbsp;548-1000</b></font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><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:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</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:none;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:none;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</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:none;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:none;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</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:none;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:none;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</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 align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
  <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;">&nbsp;</font></p>
  
  <div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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&nbsp;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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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% of the outstanding Finisar common stock and
  approximately 34% 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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-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-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
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  <div>
  
  <p style="margin:0in 0in .0001pt;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-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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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 $16,650,00
  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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-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;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-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-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
  <div style="margin:0in 0in .0001pt;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
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  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <p style="margin:0in 0in .0001pt;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-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-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;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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; following
  Item 9.01 of this Report, which information is incorporated into this Item by
  reference.</font></p>
  
  <p style="margin:0in 0in .0001pt;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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Financial
  Statements and Exhibits.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Exhibits</font></p>
  
  <p style="margin:0in 0in .0001pt;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="93%" style="border-collapse:collapse;margin-left:.5in;width:93.36%;">
   <tr>
    <td width="13%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:13.2%;">
    <p style="margin:0in 0in .0001pt;"><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="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="82%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:82.8%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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="13%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:13.2%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.0%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="82%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:82.8%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="13%" valign="top" style="padding:0in .7pt 0in .7pt;width:13.2%;">
    <p style="margin:0in 0in .0001pt;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="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.0%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="82%" valign="top" style="padding:0in .7pt 0in .7pt;width:82.8%;">
    <p style="margin:0in 0in .0001pt;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-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;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-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-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  
  <div style="margin:0in 0in .0001pt;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\blor\08-14411-2\task2945241\14411-2-ba.htm',USER='blor',CD='May 16 03:56 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p style="margin:0in 0in .0001pt;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-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-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;"><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:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;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-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.42%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
    <td width="27%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:27.76%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Finisar Corporation</font></b></p></td>
    <td width="20%" valign="top" style="padding:0in 0in 0in 0in;width:20.82%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.42%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
    <td width="27%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:27.76%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
    <td width="20%" valign="top" style="padding:0in 0in 0in 0in;width:20.82%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.42%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.58%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
    <td width="45%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:45.0%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.42%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.58%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p></td>
    <td width="45%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:45.0%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp; /s/ Stephen K. Workman</font></p></td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.42%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.58%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
    <td width="45%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:45.0%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Stephen K. Workman</font></b></p></td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.42%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
    <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.58%;"><p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
    <td width="45%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:45.0%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Senior Vice President, Finance and Chief <br>
  Financial Officer</font></b></p></td>
   </tr>
   <tr height="0">
    <td width="385" style="border:none;"></td>
    <td width="27" style="border:none;"></td>
    <td width="181" style="border:none;"></td>
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   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p><p style="margin:0in 0in .0001pt;"><font size="2" face="Courier" style="font-size:10.0pt;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></p></div>
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-14411_28k.htm", "description": "8-K", "secsgml_size_bytes": 38608}]
metadata_filer: {"company-data": {"conformed-name": "FINISAR CORP", "cik": "0001094739", "assigned-sic": "3674", "irs-number": "943038428", "state-of-incorporation": "DE", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27999", "film-number": "08840270"}, "business-address": {"street1": "1389 MOFFETT PARK DR", "city": "SUNNYVALE", "state": "CA", "zip": "94089", "phone": "4085481000"}, "mail-address": {"street1": "1389 MOFFETT PARK DR", "city": "SUNNYVALE", "state": "CA", "zip": "94089"}}
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
  Finisar
  Corporation
  (Exact
  name of registrant as specified in its charter)
  Delaware
  000-27999
  94-3038428
  (State or other jurisdiction
  of incorporation)
  (Commission File No.)
  (I.R.S. Employer
  Identification No.)
  1389 Moffett Park Drive
  Sunnyvale, CA  94089
  (Address of principal executive offices)
  Registrant's
  telephone number, including area code:
  (408) 548-1000
  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):
  x
  Written
  communications pursuant to Rule 425 under the Securities Act (17 CFR
  230.425)
  o
  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 $16,650,00
  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" following
  Item 9.01 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
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  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
  Finisar Corporation
  By:
  /s/ Stephen K. Workman
  Stephen K. Workman
  Senior Vice President, Finance and Chief
  Financial Officer
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