ONI Systems to Release First Quarter 2002 Financial Results on April 29, 2002


SAN JOSE, Calif., April 9, 2002 (PRIMEZONE) -- ONI Systems Corp. (Nasdaq:ONIS), a leading provider of optical telecommunications systems for metropolitan and regional markets, today announced that it will release its first quarter 2002 financial results on Monday, April 29, 2002, after the close of regular trading. A conference call will be held at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time with Hugh Martin, chairman, president and chief executive officer, and George Reyes, interim chief financial officer, to discuss first quarter 2002 financial results. The call will be broadcast live over the Internet and can be accessed via the Investor Relations section on the ONI Systems' Web site located at www.oni.com. Following the conclusion of the call, a replay of the call will be available for two business days via telephone and one week via ONI's Web site. The telephone replay may be accessed by calling 1-719-457-0820. The confirmation number is 422524.

About ONI Systems

ONI Systems (Nasdaq:ONIS) develops, markets and sells optical networking equipment specifically designed to address bandwidth and service limitations of regional and metropolitan networks. Our products allow communication service providers to rapidly build high-capacity networks that are flexible, scalable and able to support multiple services on a single platform. For additional information about ONI and its products, visit the company Web site at www.oni.com.

ONI Systems, ONI and the ONI logo are trademarks or registered trademarks of ONI Systems Corp. All other trademarks are the property of their respective owners.


            

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