Avanex Corporation to Report Fiscal 2008 Third Quarter Financial Results on Thursday, May 1, 2008

Avanex Corporation (NASDAQ:AVNX), a pioneer of intelligent photonic solutions that enable next-generation optical networks, will report its fiscal 2008 third quarter financial results after market close on May 1, 2008. Avanex management will host a conference call beginning at 1:30 p.m. Pacific Daylight Time to discuss the company's fiscal 2008 third quarter financial results and business outlook.

Investors are invited to listen to a live broadcast of the conference call via webcast, which can be accessed by visiting the Avanex Investor Relations website at http://investor.avanex.com/events.cfm. Investors can also listen to the live conference call by dialing 719-325-4866 and entering access ID number 6477644.

An archived audio webcast of the call will be available at http://investor.avanex.com/events.cfm. A telephone replay will also be available through Saturday, May 3, 2008, through 12:00 a.m. Eastern Daylight Time, and can be accessed by dialing 888-203-1112 (domestic) or 719-457-0820 (international) and entering access ID number 6477644.

About Avanex

Avanex Corporation is a leading global provider of Intelligent Photonic Solutions(TM) to meet the needs of fiber optic communications networks for greater capacity, longer distance transmissions, improved connectivity, higher speeds and lower costs. These solutions enable or enhance optical wavelength multiplexing, dispersion compensation, switching and routing, transmission, amplification, and include network-managed subsystems. Avanex Corporation was incorporated in 1997 and is headquartered in Fremont, Calif. Avanex Corporation also maintains facilities in Horseheads, N.Y.; Melbourne, Fla.; Shanghai; Villebon Sur Yvette, France; San Donato, Italy; and Bangkok. To learn more about Avanex Corporation, visit our web site at: www.avanex.com.

Contacts:

Avanex Corporation
Brooke Deterline, 415-775-1788
ir@avanex.com

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