FDRY, going on my watch list,nearing 52 week low...
Business Summary
Foundry Networks, Inc. designs, develops, manufactures and markets an end-to- end suite of high performance
networking products for enterprises, educational institutions, government agencies, web-hosting companies, Application
Service Providers, electronic banking and finance service providers, and Internet service providers. The Company's
Internet routers, Gigabit Ethernet Layer 2 and Layer 3 switching routers and Internet traffic management systems enable
customers to build and maintain efficient, high performance networks. The Company's products provide solutions for a
full range of networks, including Local Area Networks, Metropolitan Area Networks and Wide Area Networks. Foundry
products are installed in some of the largest Internet Service Providers, including AOL, EarthLink, AT&T WorldNet,
MSN, and Cable & Wireless.
Financial Summary
Foundry Networks designs, develops, manufactures and markets an end-to-end suite of high performance networking
products, including Internet routers, Gigabit Ethernet Layer two and three switching routers and Internet traffic
management systems. For the six months ended 6/30/00, revenue totaled $158.8 million, up from $39.5 million. Net
income totaled $40.5 million, up from $3.3 million. Results reflect rapid deployments by new customers and high re-order
rates. |
