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To: Glenn D. Rudolph who wrote (100823)	4/14/2000 7:43:00 PM
From: Si_Detective	Respond to of 164684

Glenn, "You were correct by the way?" PALO ALTO, Calif. (Reuters) - Foundry Networks Inc., a fast-growing networking concern that competes with Cisco Systems Inc., on Thursday reported quarterly results that handily topped forecasts as sales more than tripled. Foundry (NasdaqNM:FDRY - news), based in San Jose, Calif., said that profit excluding charges rose more than nine-fold to $19.3 million, or 15 cents, up from $2.1 million, or 2 cents, a year ago. The year-ago first quarter also had charges. Sales surged to $70 million from $15.4 million. Analysts had forecast the company to earn 9 cents a share excluding charges, according to First Call/Thomson Financial. Foundry, along with rival Juniper Networks Inc. (NasdaqNM:JNPR - news), are benefiting from the adoption by customers of digital networks to carry voice, data and video simultaneously across one network. ``Revenues were strong, repeat business was strong, new account closure was strong,' said Bobby Johnson, chief executive in an interview. ``Basically we hit on all cylinders in all products.' In addition, Johnson said, when Foundry bids against other networking companies such as Cisco, the company wins the business ``70 to 80 percent' of the time