The MIC3001 enables the implementation of sophisticated, hot-pluggable fiber optic transceivers with intelligent laser control and an internally calibrated Digital Diagnostic Monitoring Interface per SFF-8472. It essentially integrates all non-datapath functions of an SFP transceiver into a tiny (4mm x 4mm) MLF package. It also works well as a microcontroller peripheral in transponders or 10Gbps transceivers. A highly configurable automatic power control (APC) circuit controls laser bias. Bias and modulation are temperature compensated using dual DACs, an on-chip temperature sensor, and NVRAM look-up tables. A programmable internal feedback resistor provides unprecedented dynamic range for APC. Controlled laser turn-on facilitates hot plugging. An analog-to-digital converter converts the measured temperature, voltage, bias current, transmit power, and received power from analog to digital. An EEPOT provides front-end adjustment of RX power. Each parameter is compared against user-programmed warning and alarm thresholds. Analog comparators and DACs provide high-speed monitoring of received power and critical laser operating parameters. Data can be reported as either internally calibrated or externally calibrated.