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Foundry Networks(TM) Reports Second Quarter Financial Results



Company Achieves 14% Sequential Revenue Growth
SAN JOSE, Calif., July 21 /PRNewswire-FirstCall/ -- Foundry Networks(TM), Inc. (Nasdaq: FDRY), today reported financial results for its second quarter ended June 30, 2005.

Revenue for the second quarter of 2005 was $96.6 million, compared to $84.6 million for the first quarter of 2005, and $97.8 million for the second quarter of 2004. Foundry earned net income of $9.6 million, or $0.07 per diluted share, in the second quarter of 2005, compared to net income of $9.9 million, or $0.07 per diluted share, in the first quarter of 2005, and net income of $15.0 million, or $0.11 per diluted share, in the second quarter of 2004.

Revenue for the first six months of 2005 was $181.2 million, compared to $201.8 million for the first six months of 2004. Net income for the first six months of 2005 was $19.5 million, or $0.14 per diluted share, compared to net income of $34.9 million, or $0.24 per diluted share, for the same period in 2004.

In the second quarter, the Company`s enterprise business delivered strong performance and improved significantly from the prior quarter in both the U.S. and Europe. Revenue from the U.S. Federal Government remained flat in absolute dollars, but declined as a percentage of total revenue to 15% in the second quarter.

"We are pleased with the sharp rebound achieved in our enterprise business during the second quarter of 2005," said Bobby Johnson, President and CEO of Foundry Networks. "Our products and technology continue to receive validation in the marketplace. The BigIron(R) RX platform, which we announced in the second quarter, won "Best of Show" in the LAN Infrastructure category at both the N+I tradeshow in Las Vegas and Tokyo. In addition, the RX platform also won "Best of Interop Grand Prize" at the Las Vegas tradeshow. The initial response to these new products, as well as our new MPLS routers and Layer 4-7 products, has been very positive.

"Indicative of our success in the second quarter was strong growth in overall port shipments. In the second quarter of 2005, we shipped record levels of 10-Gig Ethernet, Layer 4-7, and Power-over-Ethernet ports. Moreover, on a sequential basis, our port shipments of 10-Gig Ethernet grew 54%, Gig Ethernet-over-Copper grew 72%, and Power-over-Ethernet grew over 220%, all achieving record highs.

Outlook

"Although we are pleased with the improvement in many segments of our business, we continue to experience limited visibility in the U.S. Federal Government vertical market, historically an important segment of our business. Given our strong second quarter performance and based on the level of business activity thus far in the current period, we are increasingly optimistic about the second half of 2005. We believe our investments in the R&D and sales organizations have strengthened Foundry`s competitive position and should enable us to capitalize on the market opportunities ahead," concluded Johnson.

Conference Call

Foundry Networks will host a conference call today to further discuss these results at 2:00 p.m. Pacific Time. The call can be accessed via a webcast at www.foundrynetworks.com. A Web replay will also be available for approximately 90 days at this same Web address.

About Foundry Networks

Foundry Networks, Inc. is a leading provider of high-performance enterprise and service provider switching, routing and Web traffic management solutions including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, access routers and Metro routers. Foundry`s 8,500 customers include the world`s premier ISPs, Metro service providers, and enterprises including e-commerce sites, universities, entertainment, health and wellness, government, financial, and manufacturing companies. For more information about the company and its products, call 1-888-TURBOLAN or visit www.foundrynetworks.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by that section. These forward-looking statements include statements by Mr. Johnson regarding positive customer reaction to new product introductions, the extent and sustainability of our improved results and our strengthened competitive position, and our ability to capitalize on future market opportunities. The forward-looking statements in this press release are subject to a number of risks and uncertainties which could cause actual results to differ materially, including, without limitation, our dependence on large purchases of products from certain customers/resellers, the strength of the overall economy and the high-technology market in particular, competition, product development efforts, and acceptance of Foundry`s current and future products. Actual results could differ materially from those projected in our forward-looking statements. Investors should review the risk factors described in more detail in our most recent Annual Report on Form 10-K, 10-Q and other SEC reports available free of charge from Foundry at www.foundrynetworks.com or from the SEC at www.sec.gov. Foundry assumes no obligation to update the forward-looking statements contained in this press release.

FOUNDRY NETWORKS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
(in thousands, except per share data)

Three Months Ended Six Months Ended
June 30, June 30,
2005 2004 2005 2004
Net revenue:
Product $80,748 $83,489 $149,180 $172,789
Service 15,840 14,338 32,044 29,054
Total net revenue 96,588 97,827 181,224 201,843

Cost of revenue:
Product 34,462 30,442 63,084 62,436
Service 3,335 3,566 6,648 6,692
Total cost of
revenue 37,797 34,008 69,732 69,128
Gross profit 58,791 63,819 111,492 132,715

Operating expenses:
Research and
development 14,241 10,003 26,668 20,015
Sales and marketing 28,338 25,094 52,920 48,262
General and
administrative 5,321 6,268 10,484 11,693
Total operating
expenses 47,900 41,365 90,072 79,970

Income from operations 10,891 22,454 21,420 52,745

Interest and other
income, net 3,797 1,720 7,670 3,527

Income before provision
for income taxes 14,688 24,174 29,090 56,272

Provision for income
taxes 5,135 9,186 9,600 21,383

Net income $9,553 $14,988 $19,490 $34,889

Basic net income
per share $0.07 $0.11 $0.14 $0.26

Weighted average shares
used in computing
basic net income
per share 138,627 135,183 138,269 133,964

Diluted net income
per share $0.07 $0.11 $0.14 $0.24

Weighted average shares
used in computing
diluted net income
per share 141,109 141,475 141,511 142,624


FOUNDRY NETWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

June 30, December 31,
2005 2004
ASSETS (unaudited) (2)
Assets:
Cash and investments (1) $684,166 $617,441
Accounts receivable, net 59,180 91,502
Inventories 37,091 38,743
Deferred tax assets 42,225 42,278
Prepaid expenses and other current assets 6,156 6,865
Property and equipment, net 8,036 8,852
Other long-term assets ... 5,347 5,511
$842,201 $811,192

LIABILITIES AND STOCKHOLDERS` EQUITY
Current Liabilities:
Accounts payable $18,245 $18,238
Accrued payroll and related expenses 18,261 21,682
Income taxes payable 7,742 --
Other accrued expenses 8,807 8,700
Deferred support revenue 33,484 38,621
Total current liabilities 86,539 87,241

Deferred support revenue 18,036 17,613

Stockholders` equity 737,626 706,338
$842,201 $811,192

(1) Includes $170.9 million of long-term marketable securities at June
30, 2005 and $174.0 million at December 31, 2004.
(2) Derived from audited condensed consolidated financial statements as
of December 31, 2004.


FOUNDRY NETWORKS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
(in thousands)

Six Months Ended
June 30,
2005 2004
CASH FLOWS FROM OPERATING ACTIVITIES:

Net income $19,490 $34,889
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 4,482 3,490
Reduction of provision for doubtful accounts 454 --
Inventory provisions 9,067 8,723
Tax benefit from stock option exercises 1,241 19,860
Changes in operating assets and liabilities:
Accounts receivable 31,868 1,882
Inventories (7,415) (19,099)
Prepaid expenses and deferred tax and
other assets 326 (512)
Accounts payable 7 9,386
Accrued payroll and related expenses (3,421) (523)
Other accrued expenses 7,849 2,315
Deferred support revenue (4,714) 6,111
Net cash provided by operating activities 59,234 66,522

CASH FLOWS FROM INVESTING ACTIVITIES:
Maturities and purchases of investments, net 89,978 (98,180)
Purchases of property and equipment, net (3,066) (5,949)
Net cash provided by (used in) investing
activities 86,912 (104,129)

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of note receivable -- 480
Issuances of common stock under employee
stock plans 10,159 27,169
Net cash provided by financing activities 10,159 27,649

INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS 156,305 (9,958)
Effect of exchange rate changes on cash 398 (146)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 112,274 161,718
CASH AND CASH EQUIVALENTS, END OF PERIOD $268,977 $151,614

SUPPLEMENTAL CASH FLOW INFORMATION;
Cash paid for income taxes, net of
refunds received $(202) $(4,143)


SOURCE Foundry Networks, Inc.
-0- 07/21/2005
/CONTACT: Tim Heffner, Chief Financial Officer, +1-408-586-1700, or
theffner@foundrynet.com, or Michael Iburg, Treasurer, +1-408-586-1894, or
miburg@foundrynet.com, both of Foundry Networks; or Jason Golz, Investor
Relations of Financial Dynamics, +1-415-439-4532, or jgolz@fd-us.com, for
Foundry Networks/
/Web site: http://www.foundrynetworks.com /
(FDRY)

CO: Foundry Networks, Inc.
ST: California
IN: NET CPR ITE TLS ECP
SU: ERN CCA ERP

ND-HD
-- SFTH075 --
0796 07/21/200516:05 EDThttp://www.prnewswire.com
Foundry Networks Announces Updated Financial Conference Schedule



SAN JOSE, Calif., Aug. 2 /PRNewswire-FirstCall/ -- Foundry Networks(TM), Inc. (Nasdaq: FDRY), today announced the following upcoming financial community events:


-- August 4, 2005 -- RBC Capital Markets North American Technology
Conference
Location: San Francisco, CA
Time: 9:30 a.m. Local Event Time
Presenter: Michael Iburg, Treasurer

-- September 7, 2005 -- Kaufman Brothers Eighth Annual Investor Conference
Location: New York, NY
Time: 11:30 a.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

-- September 8, 2005 -- Smith Barney Citigroup Global Technology
Conference
Location: New York, NY
Time: 9:20 a.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

About Foundry Networks
Foundry Networks, Inc. is a leading provider of high-performance enterprise and service provider switching, routing and Web traffic management solutions including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, access routers and Metro routers. Foundry`s 8,500 customers include the world`s premier ISPs, Metro service providers, and enterprises including e-commerce sites, universities, entertainment, health and wellness, government, financial, and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynetworks.com. These presentations can be accessed on the Internet at www.foundrynetworks.com, under the Investor Relations page.

SOURCE Foundry Networks, Inc.
-0- 08/02/2005
/CONTACT: Tim Heffner, Chief Financial Officer, +1-408-586-1700 or
theffner@foundrynet.com, or Michael Iburg, Treasurer, +1-408-586-1894 or
miburg@foundrynet.com, both of Foundry Networks; or Investor Relations, Jason
Golz of Financial Dynamics, +1-415-439-4532 or jgolz@fd-us.com, for Foundry
Networks, Inc./
/Web site: http://www.foundrynetworks.com /
(FDRY)

CO: Foundry Networks, Inc.
ST: California
IN: ECP NET CPR
SU: TDS

JO
-- SFTU125 --
3743 08/02/200516:05 EDThttp://www.prnewswire.com
Foundry Networks Voice Over IP Solutions Pass Rigorous Siemens` HiPath Ready Net Certification Tests



FastIron Switches Receive Siemens` HiPath Ready Net Certification After Successful Performance and Interoperability Testing With Siemens HiPath Voice

Over IP Products
SAN JOSE, Calif., July 25 /PRNewswire-FirstCall/ -- Foundry Networks(R), Inc. (Nasdaq: FDRY) a performance and total solutions leader for end-to-end switching and routing, today announced that Siemens has certified Foundry`s FastIron Super-X Series, FastIron Edge X-Series, and FastIron 800 switches and routers as being compliant and interoperable with Siemens HiPath Voice over IP (VoIP) products. Foundry Networks, a global Siemens HiPath partner, received Siemens` HiPath Ready NET certification after undergoing a set of demanding tests for security, quality of service (QoS), performance, and interoperability under multiple VoIP networking scenarios in the Siemens HiPath labs.

The Siemens HiPath Ready Net test environment validates both layer 2 switching and layer 3 routing functionality, performance, and interoperability in a VoIP networking environment. Tests include Ethernet and IP traffic classification & queuing, voice VLAN support, performance under traffic congestion, voice quality support, and power over Ethernet (PoE) support for HiPath IP phones. Test results were converted into a PSQM score (Perceptual Speech Quality Measure) to provide a measure of subjective voice quality. Foundry scored at the maximum theoretical value for both G.711 and G.729 codecs in all of the test cases. The full range of Siemens HiPath IP phone functions were also validated for each of the certified platforms.

"We are extremely pleased to have been certified by Siemens as HiPath Ready," said Bob Schiff, vice president of product marketing at Foundry Networks. "Foundry is committed to building open and standards-based networking solutions that can interoperate with and enable a wide range of applications. In particular, we have designed our Ethernet switches to facilitate the roll-out of voice over IP in the enterprise, with high-density Power over Ethernet solutions that deliver the resilience, quality of service and security required for a high-performance and reliable converged VoIP solution. The HiPath Ready Net Certification gives our customers the confidence that an integrated Foundry and Siemens network provides an interoperable and fully-tested solution for their converged data and voice over IP infrastructure."

Certification was completed using Foundry`s stackable FastIron Edge X-Series of products; the modular chassis based FastIron Super-X family of products; as well as the FastIron 800 modular chassis switch product. These products support Layer 2 (Ethernet switching) and Layer 3 (IP routing) functionality, and have a broad range of integrated security, performance, convergence and manageability features.

About Foundry Networks

Foundry Networks, Inc. is a leading provider of high-performance enterprise and service provider switching, routing and Web traffic management solutions including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4 - 7 application switches, wireless LAN and access points, access routers and Metro routers. Foundry`s 8,500 customers include the world`s premier ISPs, Metro service providers, and enterprises including e-commerce sites, universities, entertainment, health and wellness, government, financial, and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynetworks.com.

NOTE: Foundry Networks, BigIron, NetIron, Terathon, SuperX and the `Iron` family of marks are trademarks of Foundry Networks, Inc. All other trademarks are the sole property of their respective holders.

Contact: North America, Benjamin Taft of Foundry Networks, +1-408-586-1722, or btaft@foundrynet.com; or Europe, Tom Herbst of Kaizo, +0207-580-8852, or tom.herbst@kaizo.net; or Asia/Pacific, Jenny Liu of Foundry Networks Hong Kong, +852-2845-3818, or jenny@foundrynet.com; or investors, Jason Golz of Financial Dynamics, +1-415-439-4532, or jgolz@fd-us.com, for Foundry.

SOURCE Foundry Networks, Inc.
-0- 07/25/2005
/CONTACT: North America, Benjamin Taft of Foundry Networks,
+1-408-586-1722, or btaft@foundrynet.com; or Europe, Tom Herbst of Kaizo,
+0207-580-8852, or tom.herbst@kaizo.net; or Asia/Pacific, Jenny Liu of Foundry
Networks Hong Kong, +852-2845-3818, or jenny@foundrynet.com; or investors,
Jason Golz of Financial Dynamics, +1-415-439-4532, or jgolz@fd-us.com, for
Foundry/
/Web site: http://www.foundrynetworks.com/
(FDRY)

CO: Foundry Networks, Inc.
ST: California
IN: CPR ECP NET
SU: SVY

JL-KG
-- SFM065 --
7118 07/25/200507:00 EDThttp://www.prnewswire.com
Gibt auch was zu FOUNDRY auf W.O.:
http://www.wallstreet-online.de/si/?k=925661&spid=ws

Analysen zu FOUNDRY NETWORKS, INC.
Datum Unternahmen: Analysen Quelle
25.07.05 Foundry Networks peer perform Thomas Weisel Partners
25.07.05 Foundry Networks buy Smith Barney Citigroup
22.07.05 Foundry Networks buy Ce Unterberg, Towbin
22.07.05 Foundry Networks buy Ferris Baker Watts
22.07.05 Update Foundry Networks Inc.: Buy Smith Barney Citigroup
22.07.05 Update Foundry Networks Inc.: Buy Ce Unterberg, Towbin
22.07.05 Update Foundry Networks Inc.: Buy Ferris Baker Watts
Foundry and Level 5 Networks Partner to Deliver Next Generation High-Performance Computing Solutions



Leaders in Networking Bring Benefits of Ethernet to High-Performance
Computing; Speed Time to Innovation
SAN JOSE, Calif. and SUNNYVALE, Calif., June 28 /PRNewswire-FirstCall/ -- Foundry Networks(R), Inc. (Nasdaq: FDRY) a performance and total solutions leader for end-to-end switching and routing and Level 5 Networks, a leading developer of high-speed server interconnect solutions, today announced they have partnered to deliver high-performance computing (HPC) solutions as part of Foundry`s HPC Ethernet Alliance Program. Together, the companies are helping joint customers free up IT resources in order to focus efforts on productivity and innovation.

Foundry`s HPC Ethernet Alliance Program is designed to accelerate deployment of high-performance Gigabit Ethernet and 10-Gigabit Ethernet (10-GbE) solutions within the HPC community. As part of the program, Foundry will work closely with Level 5 Networks and with other leading next-generation Ethernet adapter, server and application vendors to deliver standards-based, high-performance HPC solutions for network-based, high-speed applications.

As part of the Foundry HPC Ethernet Alliance Program, Foundry and Level 5 Networks will work together in the following areas:

-- Interoperability testing and benchmarking of Foundry`s Ethernet
switches with Level 5 Networks to provide customers with seamless
integration and end-to-end performance measurements.
-- Cooperative marketing to promote the use of EtherFabric on Gigabit
Ethernet and 10-GbE links in HPC environments.
-- Cross training on the benefits of an integrated, solutions-based HPC
networking approach.

"EtherFabric provides customers what they have wanted for a long time -- a low cost, easy-to-deploy performance boost to their existing environment that won`t require them to rip out or replace wiring, applications or systems," said Dan Karr, president and CEO of Level 5 Networks. "We are proud to work with Foundry Networks to bring unparalleled speed and reliability to our joint HPC customers, to help speed time to innovation across all industries."

"Ethernet is becoming the interconnect of choice for a new generation of high-performance networks, from massively parallel processing supercomputers to commodity clusters and grids built with affordable, off-the-shelf components. As a leading provider of high-performance, low-latency network infrastructure to many leading supercomputing sites around the world, Foundry is working with Level 5 Networks to bring the benefits of Ethernet to the high-performance computing community," said Bob Schiff, vice president of product marketing, Foundry Networks. "With the HPC Ethernet Alliance Program, we are formalizing our longstanding commitment to work with partners to deliver the highest-quality, tested and proven networking solutions to simplify deployments, and ultimately help customers spend less time building and managing their networks and more time on their primary scientific and business mission."

About Level 5 Networks

Level 5 Networks helps Fortune 2000 companies maximize the return on their investment in data center hardware and software by enabling servers to respond more quickly to client requests and to get more processing done in less time. The company`s EtherFabric is the only interconnect solution that provides high performance and complete compatibility with existing data center software and hardware infrastructure. Level 5 Networks` founding team members are world-class researchers in high-performance networking who built the world`s fastest LAN in 2000. For more information, please visit www.level5networks.com.

About Foundry Networks

Foundry Networks, Inc. is a leading provider of high-performance enterprise and service provider switching, routing and Web traffic management solutions including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4 - 7 application switches, wireless LAN and access points, access routers and Metro routers. Foundry`s 8,100 customers include the world`s premier ISPs, Metro service providers, and enterprises including e-commerce sites, universities, entertainment, health and wellness, government, financial, and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynetworks.com.

NOTE: Foundry Networks and the "Iron" family of marks are trademarks of Foundry Networks, Inc. All other trademarks are the sole property of their respective holders.

Level 5 Networks and EtherFabric are registered trademarks of Level 5 Networks. Other names are property of their respective owners.


MEDIA CONTACT:
North AmericaEuropeAsia/PacificBenjamin TaftTom HerbstJenny Liu
Foundry Networks Foundry Networks Foundry Networks Hong Kong
408-586-1722 +0207-580-8852 +852-2845-3818
btaft@foundrynet.comtom.herbst@kaizo.netjenny@foundrynet.com

Level 5 Media Contact:
Elyce Ventura
Eastwick Communications
+1-650-480-4054
elyce@eastwick.com

Foundry Investor Contact:
Jason Golz
Financial Dynamics
+1-415-439-4532
jgolz@fd-us.com


SOURCE Foundry Networks, Inc.
-0- 06/28/2005
/CONTACT: media, North America, Benjamin Taft of Foundry Networks,
+1-408-586-1722, or btaft@foundrynet.com; or Europe, Tom Herbs of Foundry
Networks, +0207-580-8852, or tom.herbst@kaizo.net; or Asia/Pacific, Jenny Liu
of Foundry Networks Hong Kong, +852-2845-3818, or jenny@foundrynet.com; or
investors, Jason Golz of Financial Dynamics, +1-415-439-4532, or
jgolz@fd-us.com, for Foundry Networks; or Elyce Ventura of Eastwick
Communications, +1-650-480-4054, or elyce@eastwick.com, for Level 5 Networks/
/Web site: http://www.level5networks.com/
/Web site: http://www.foundrynetworks.com/
(FDRY)

CO: Foundry Networks, Inc.; Level 5 Networks
ST: California
IN: CPR ECP NET
SU: LIC PDT

KG
-- SFTU090 --
5438 06/28/200507:00 EDThttp://www.prnewswire.com
Foundry Selected as Preferred Network Vendor for Major Infrastructure Upgrade by Top U.S. University



University of Georgia Chooses Foundry to Provide Industry-Leading,
High-Performance Network Equipment for Campus Wide Networking Initiatives
Through 2008

SAN JOSE, Calif., July 14 /PRNewswire-FirstCall/ -- Foundry Networks(R), Inc. (Nasdaq: FDRY) a performance and total solutions leader for end-to-end switching and routing, today announced that the University of Georgia (UGA), one of the top ranked academic institutions in the U.S., selected Foundry Networks for a campus wide upgrade and as their preferred networking partner. UGA will deploy Foundry`s industry leading, high-performance and scalable Layer 2/3 core and edge switches for a campus wide network upgrade that will provide connectivity to the school`s 45 thousand students, faculty, and staff.

As a leading university, UGA is upgrading its networking infrastructure to keep pace with the complex demands and requirements of research and teaching applications and to deploy a reliable, scalable, secure, and high-bandwidth technology with assured performance levels. For its new network, the University of Georgia selected Foundry`s BigIron MG8 switches for the network backbone and FastIron SuperX switches for the network edge. The network will support 10 Gigabit Ethernet to provide connectivity to various research networks, including the Southern Light Rail initiative.

"The core network infrastructure is a key component in supporting the strategic goals and objectives of The University of Georgia," said Mike Dennis, Director of Operations and Infrastructure for Enterprise Information Technology Services at UGA. "The decision to partner with Foundry for our next generation network provides value and a competitive edge for the University and was based on a thorough selection process."

Following a competitive selection process, UGA chose Foundry`s technology based on price/performance, port density and its rich feature set. As an existing Foundry customer, UGA wanted to leverage Foundry`s latest product offerings with their existing gigabit Ethernet network.

"Foundry is pleased to have been selected as UGA`s preferred network equipment provider responsible for their network upgrade initiative," said Bob Schiff, vice president of product marketing for Foundry. "We value our ongoing partnership and this opportunity to work with UGA to ready their network to handle the new services and anticipated traffic growth over the next several years."

About Foundry Networks

Foundry Networks, Inc. is a leading provider of high-performance enterprise and service provider switching, routing and Web traffic management solutions including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4 - 7 application switches, wireless LAN and access points, access routers and Metro routers. Foundry`s 8,100 customers include the world`s premier ISPs, Metro service providers, and enterprises including e-commerce sites, universities, entertainment, health and wellness, government, financial, and manufacturing companies. For more information about the company and its products, call 888-TURBOLAN or visit www.foundrynetworks.com.


NOTE: Foundry Networks and the "Iron" family of marks are trademarks of
Foundry Networks, Inc. All other trademarks are the sole property of their
respective holders.

Press Contacts:
North AmericaEuropeAsia/PacificBenjamin TaftTom HerbstJenny Liu
Foundry Networks Kaizo Foundry Networks Hong Kong
408-586-1722 +0207.580.8852 +852.2845.3818
btaft@foundrynet.comtom.herbst@kaizo.netjenny@foundrynet.com

Investor Contact:
Jason Golz
Financial Dynamics
415-439-4532
jgolz@fd-us.com


SOURCE Foundry Networks, Inc.
-0- 07/14/2005
/CONTACT: North America, Benjamin Taft of Foundry Networks, Inc.,
+1-408-586-1722, or btaft@foundrynet.com; or Europe, Tom Herbst of Kaizo,
+0207.580.8852, or tom.herbst@kaizo.net, for Foundry Networks, Inc.; or
Asia/Pacific, Jenny Liu of Foundry Networks Hong Kong, +852.2845.3818, or
jenny@foundrynet.com; or investors, Jason Golz of Financial Dynamics,
+1-415-439-4532, or jgolz@fd-us.com, for Foundry Networks, Inc./
/Web site: http://www.foundrynetworks.com /
(FDRY)

CO: Foundry Networks, Inc.; University of Georgia; UGA
ST: California, Georgia
IN: CPR ECP NET HED
SU: LIC

MP-MW
-- SFTH023 --
5529 07/14/200507:00 EDThttp://www.prnewswire.com
INSTITUTIONAL
Total Number of Holders 190

% of Shares Outstanding 67.67%

Total Shares Held 93,779,135

Total Value of Holdings $1,134,727,534

Net Activity 288,053


Top 5 Holders Shares Held
ROYCE & ASSOCIA... 8,953,700

ROYCE FOCUS TRU... 8,953,700

MAC PER WOLF ... 5,095,445

DELAWARE MANAGE... 4,512,286

GRANAHAN INVEST... 4,072,200
SK:

Aug. 3, 2005 Market Closed
Common Stock Market: NASDAQ-NM

Last Sale $ 12.12
Change Net / % 0.02 0.17%
Best Bid / Ask $ 12.05 / $ 12.12
1y Target Est: $ 12.00
Today`s High / Low $ 12.17 / $ 11.91
Share Volume 2,425,738
50 Day Avg. Daily Volume 2,177,295
Previous Close $ 12.10
52 Wk High / Low $ 14.28 / $ 7.95
Shares Outstanding 138,593,000
Market Value $ 1,679,747,160
P/E Ratio 32.76
Forward P/E (1yr) 30.18
Earnings Per Share $ 0.37
FDRY: To Present At RBC Capital Markets Conference @ 12:30 ET



Company representatives of Foundry Networks Incorporated (NasdaqNM: FDRY) will be presenting at the RBC Capital Markets North American Technology Conference today. The Company`s presentation is scheduled to begin at 12:30 ET.



Expected Speaker(s):

Michael Iburg, Treasurer



Misc Releated Info:

** Original Confirmation

** Conference Information:

RBC Capital Markets North American Technology Conference

The event will feature presentations by the senior management of leading companies in the computers, telecommunications, miscellaneous electronic technology, and retail industries.



Conference Dates: 08/01/2005-08/04/2005

The Four Seasons Hotel

San Francisco, CA



http://www.rbccm.com/index.html


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