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Exhibit 99.02
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ONI Systems Files Registrations Statements for Public Offerings
SAN JOSE, Calif - September 28, 2000 - ONI Systems(TM) Corp. (NASDAQ: ONIS)
today filed two registration statements with the Securities and Exchange
Commission: a registration statement providing for an underwritten public
offering of 8,000,000 shares of Common Stock of which 5,026,914 shares are being
offered by ONI and 2,973,086 shares are being offered by certain stockholders of
ONI and a registration statement for an underwritten public offering of $250
million of Convertible Subordinated Notes due in 2005. The offering of common
stock is being managed by Goldman, Sachs & Co., Credit Suisse First Boston, Banc
of America Securities LLC, Chase H&Q and Robertson Stephens. The offering of the
notes is being managed by Goldman, Sachs & Co., Credit Suisse First Boston,
Chase H&Q and Robertson Stephens. When available, a copy of the prospectuses
relating to the offerings may be obtained from Goldman, Sachs & Co., 32 Old
Slip, 21st Floor, New York, NY 10005.
ONI develops, markets and sells all-optical networking equipment specifically
designed to address bandwidth and service limitations of regional and
metropolitan networks. ONI's products include the ONLINE9000(TM) and the
ONLINE7000(TM) optical transport platforms. These products incorporate OPTX(TM)
, an operating system for wavelength and service management in optical networks,
and OLMP(TM) , an optical link management protocol suite for internetworking
between the optical transport and data or voice switching layers of the network.
Registration statements relating to these securities have been filed with the
Securities and Exchange Commission but have not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statements become effective. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy nor shall there
be any sale of these securities in any state in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
