ADVISORY/Picolight Media Advisory.

Business Editors/High-Tech Writers

ADVISORY...for Tuesday-Thursday (February 24-26)

OFC 2004

--(BUSINESS WIRE)

Who:    Picolight Inc.

What:   Picolight will be displaying its comprehensive line of short-
        and long-reach serial and parallel fiber-optic transceivers as
        well as its OEngine(TM) laser and detector component family,
        which the company launched in July 2003. The company also will
        demonstrate its latest 4 Gbps Fibre Channel products including
        850nm and 1310nm VCSEL transceivers.

        Topics Picolight will be available to discuss at the
        conference include:

        --  Expansion of company's Extensus family with low-power,
            single-mode enhanced small form factor pluggable (eSFP)
            fiber transceiver modules that double system-density in
            Fast Ethernet and SONET access applications. The modules
            use 1310nm VCSEL technology to cut power consumption in
            half as compared to competing devices, while delivering
            up-to-40-kilometer reach, ultra-low jitter and enhanced
            diagnostics features.

        --  New product directions including 10Gbps and extended-reach
            applications up to 80km.

        --  Participation in 10Gbps XFP module interoperability
            demonstrations.

        --  Continued rapid emergence of the 4 Gbps Fibre Channel
            interconnect market, where key trends include: performance
            increases in line with customer expectations, rate agility
            and backward compatibility.

        --  The implications of market consolidation and vertical
            integration in the maturing fiber-optic interconnect
            market, as exemplified by Picolight's entry into the laser
            and detector component segment during 2003 as a strategic
            complement to its foundational fiber-optic transceiver
            business, and key cross-licensing agreements that
            Picolight executed in 2004.

Where:  Demonstrations and briefings will be conducted throughout the
        conference at Picolight's booth, #3620.

Of Special      Editors and analysts covering the Optical Fiber
Interest to:    Communications (OFC) Conference Feb. 24-26, 2004, at
                the Los Angeles Convention Center.