The dynamic characteristics, and in particular the modulation bandwidth, of high-speed semiconductor lasers are determined by intrinsic factors and extrinsic parameters. In particular, carrier transport through the heterostructure and thermalization, or quantum capture in the gain region, tend to play an important role. We have made a detailed study of carrier relaxation and quantum capture phenomena in In(Ga)As-Al(Ga)As self-organized quantum dots (QD's) and single-mode lasers incorporating such dots in the gain region through a variety of measurements. The modulation bandwidth of QD lasers is limited to 5-6 GHz at room temperature and increases to /spl sim/30 GHz only upon lowering the temperature to 100 K. This behavior is explained by considering electron-hole scattering as the dominant mechanisms of electron relaxation in QD's and the scattering rate seems to decrease with increase of temperature. The switching of the emission wavelength, from the ground state to an excited state, has been studied in coupled cavity devices. It is found that the switching speed is determined intrinsically by the relaxation time of carriers into the QD states. Fast switching from the ground to the excited state transition is observed. The electrooptic coefficients in the dots have been measured and linear coefficient /spl tau/=2.58/spl times/10/sup -11/ m/V. The characteristics of electrooptic modulators (EOM's) are also described.