Here is a 2Gbit Fibre Channel transceiver from Cisco Systems in SFP module format.
Here the shield has been removed from the bottom of the module (it just clips off). The bottom of the PCB can be seen, with the copper interface on the left & the rubber boots over the photodiode & 850 nm laser on the right.
Here the PCB has been completely removed from the frame, the fibre ends slide into the rubber tubes on the right.
Top of the PCB, showing the chipset. There are a pair of adjustment pots under some glue, next to the chipset, presumably for adjusting laser power & receive sensitivity. The laser diode & photodiode are inside the soldered cans on the right hand side of the board, with the optics required to couple the 850nm near-IR light into the fibre.