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To: Hope Praytochange who wrote (741)	6/12/2001 12:55:42 PM
From: 2MAR$	Read Replies (1) \| Respond to of 26752

Foundry Treasurer: 2Q Sales Pacing Better Than 1Q >FDRY By Peter Loftus Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Foundry Networks Inc. (FDRY) has generated more sales to date in the current quarter than it had at the same point last quarter, Treasurer Michael Iburg said Tuesday. But Iburg, speaking at the CIBC World Markets Communications Conference here, stopped short of saying whether the network equipment maker's sales in the second quarter ending June 30 would meet analysts' expectations. Iburg said the analysts' consensus estimate for second-quarter sales was about $82 million, roughly flat with the first quarter. "We're a lot closer to $82 million today than we were back in March," Iburg said. But with three weeks left to go in the quarter, he added, "I don't know where we'll land." Like other networking firms, Foundry has seen a slowdown in sales to telecommunications service providers, who have reduced capital spending. Iburg said telecom providers and other customers are still interested in Foundry products, but it was tough to predict how much they'll buy in coming months. "There's more business in the pipeline, that's the good news," he said. "The bad news is, I don't know if the business will come this quarter, the next one, or the one after that." -By Peter Loftus, Dow Jones Newswires; 201-938-5267; peter.loftus@dowjones.com (END) DOW JONES NEWS 06-12-01 12:54 PM * end of story *