Wished i had bought more on the dip...but will on the next one...nothing but good news after good newas after good news........but economy and market and world problems caused it to go on sale......
China Telecom Selects Foundry Networks' High-Performance Switching Solutions for Shanghai Internet Data Centers
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 2, 2001--
Shanghai Telecom Deploys Foundry's BigIron Layer 3 Switches, FastIron 4802 and FastIron II Layer 2/3 Switches to Enhance Network
Performance and Service Quality
Foundry Networks(R), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, announced todaythat it has been chosen by Shanghai Telecom, one of the largest and most influential subsidiaries of China Telecom, in Phase 2 of its Internet Data Center (IDC) infrastructure upgrade project. Foundry will provide its best-of-breed web hosting solutions, including its 3rd generation ASIC-based FastIron(R) 4802 Layer 2/3 switch and its industry-leading BigIron(R) Layer 3 switch, throughout its data centers in the Shanghai metropolitan area to significantly enhance its data center reliability, performance and capability. Foundry was awarded Phase 1 of this ambitious infrastructure upgrade project in October 2000 and its switches have met all the demanding requirements after completion of Phase 1 deployment this spring.
Shanghai Telecom has deployed Foundry's industry-leading BigIron Layer 3 switches, FastIron Layer 2/3 access switches and ServerIron Layer 4 - 7 Web switches to provide superior end-to-end system availability and performance in its IDCs. The BigIron switches are used for Gigabit aggregation and inter-POP connectivity with Foundry's 150km capable LHB optics. The new FastIron 4802 switches, providing rate limiting capabilities in the access networks, enable Shanghai Telecom to provide on-demand bandwidth provisioning from 1 Mbps to 1 Gbps in increments as little as 256 Kbps to turn bandwidth into a profitable revenue stream. Shanghai Telecom had deployed Foundry's ServerIron Layer 4 - 7 Web switches for DNS and Email server load balancing.
Shanghai Telecom utilizes Foundry's long haul Gigabit Ethernet technology to connect its regional data centers into a high-performance, cost-effective and reliable service backbone network. The complete Foundry solution also includes sophisticated capabilities such as bandwidth control, service accounting and billing, and access control.
"China Telecom provides extensive communication services to 1.2 billion people in China. It requires networking equipment built for speed, operational reliability, scalability and cost-effectiveness," said Deputy General Manager Mr. Jian Jun Wang of Shanghai Holdfast Network Information Limited, a major information and networking system integrator in China. "We worked closely with Foundry to provide Shanghai Telecom with a world class Internet Data Center solution with a total non-blocking architecture, ultra-high availability with extensive redundancy options, high performance Layer 2-7 switching, a rich capability set including adaptive rate limiting and wire speed access control list (ACL), as well as extensive local support services."
With Foundry's high-performance networking solutions, Shanghai Telecom will be able to provide bandwidth-intensive, next-generation multimedia applications to its business enterprises, government agencies and home Internet users.
"Shanghai Telecom needed networking equipment that would meet the demands of its customers requiring various broadband services," said Bobby Johnson, president and CEO of Foundry Networks. "Foundry's world-class Internet data center and long haul Gigabit Ethernet Metro solutions provide a high-performance and scalable solution for communications service providers who want to cost-effectively deliver quality voice, data and Internet access services to their customers."
About Foundry Networks
Foundry Networks, Inc. (Nasdaq:FDRY) is a performance and total solutions leader for end-to-end switching and routing including Internet routers, Layer 2/3 LAN switches, and Layer 4-7 Internet traffic and content delivery switches. Foundry's 3,750+ customers include the world's premier ISPs and enterprises, portals, search engines, e-commerce sites, universities, entertainment, pharmaceutical, government, financial, and manufacturing companies. Some of these customers include: AOL (NYSE:AOL), EarthLink, AT&T WorldNet, MSN, Verio, Cable & Wireless (NYSE:CWP), Yahoo! (Nasdaq:YHOO), Incyte Genomics, Inc. (Nasdaq:INCY), The University of Washington, University of Miami, LucasFilm, U.S. Army, Air Force and Navy, NASA and NIH. For more information about the company and its products, call 888/TURBO-LAN or visit www.foundrynetworks.com.
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by this section. These forward- looking statements include statements regarding planned product deployments in China. Actual results may differ materially due to these and other factors. The matters discussed in this press release also involve risks and uncertainties described from time to time in Foundry's filings with the Securities and Exchange Commission. In particular, see the Risk Factors described in Foundry's final Prospectus dated September 27, 1999 for its initial public offering as well as its most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Foundry assumes no obligation to update the forward-looking information contained in this press release.
Note to Editors: Foundry Networks, FastIron, ServerIron and BigIron are registered trademarks of Foundry Networks, Inc.
CONTACT:
Foundry Networks
Michele Arnold, 408/586-1897
marnold@foundrynet.com
or
Morgen-Walke
Jason Golz, 415/296-7383 (Investor Relations)
jgolz@mwa-sf.com
Ron Heckmann, 415/439-4513 (Business Press)
rheckmann@mwa-sf.com
Chris Toth, 415/439-4503 (Business Press)
ctoth@mwa-sf.com
KEYWORD: CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC
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