OPTICAL TRANSMISSION COMPONENTS MARKET ANALYSIS UPDATE JULY 2005

Table of Contents (update July 2005)

• 1.0 Introduction
• 2.0 Why They are Investing
• 3.0 Future Technology Investment Outlook
• Exhibit 1-1
• Recent Investments in the Optical Component Sector

Table of Contents (update May 2004>

Chapter One: Introduction

• Goals of this Report
• Scope and Coverage of this Report
• Methodology of this Report
• Issues Relating to Captive Markets
• Forecasting Philosophy

Chapter Two: Key Market Trends

• Back to the Future
• Weve Got to Admit its Getting Better
• Mega-Drivers
• Return of "Cool Tech" - But This Time Its Useful
• Tunables: Back from the World of Dreams
• Optical Integration: The Time is Near
• VCSELs and Other "New" Lasers
• Diversify or Die?
• Summary of Key Technology and Other Trends

Chapter Three: Suppliers and Market Shares

• A Peek at Some Financials
• Market Share Analysis
• Expect Continued Consolidation
• Prospects for New Entrants
• Summary of Key Corporate Trends

Chapter Four: Forecasts and Market Analysis

• All Data is Worldwide for 2003 to 2008 and Broken out by Data Rate, Reach and Network Segment
• Ports Shipped by Type of Components Used
• Components by Reach, Technology and Market Segment
• Projections for FTTx Components

List of Forecasts:

• Laser Forecasts by Protocol (Ethernet, WDM, SONET/SDH, Fibre Channel)
• Laser Forecasts by Technology (DFB, DBR, ECL, widely tunable, narrowly tunable, VCSELs, other)
• Detector Forecasts by Protocol (Ethernet, WDM, SONET/SDH, Fibre Channel)
• Detector Forecasts by Technology (PIN, APD)
• Modulators by Protocol (Ethernet, WDM, SONET/SDH, Fibre Channel)
• Modulators by Technology (Optoelectronics, Electro-Absorption)

Companies Discussed in Report

• Agilent
• Agility
• Avanex
• Azna
• Bookham
• Civcom
• Cube Optics
• Eblana
• Finisar
• Fujitsu
• Hitachi
• Infineon
• iolon
• Intel
• JDS Uniphase
• Mitsubishi
• NEC
• NEL
• OCPI
• Oki
• Oplink
• OpNext
• Picolight
• Princeton Optronics
• Santur
• Syntune
• Sumitomo/Excelight
• Teralux
• Triquint