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To: Venkie who wrote (4422)	10/31/2001 11:33:00 AM
From: im a survivor	Respond to of 13815

Foundry Networks Repurchases 1,522,000 Shares of Common Stock Today as Part Of a Repurchase Program Announced Earlier This Year SAN JOSE, Calif., Oct. 30 /PRNewswire/ -- Foundry Networks(R), Inc. (Nasdaq: FDRY), a performance and total solutions leader for end-to-end switching and routing for the support of next generation networks, today completed a repurchase of 1,522,000 shares of its common stock pursuant to a repurchase program announced in January of this year. Pursuant to this program, the Company was authorized to repurchase up to 5,000,000 shares of its common stock from time to time until January 2002. The Company has no current intention to repurchase additional shares. About Foundry Networks Foundry Networks, Inc. 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, Yahoo!, Incyte Genomics, Inc., The University of Washington, University of Miami, U.S. Army, Air Force and Navy, NASA and NIH. For more information about the company and its products, call 1-888-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 involves 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: Foundry Networks and IronWare are trademarks of Foundry Networks, Inc. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE Foundry Networks, Inc. CO: Foundry Networks, Inc. ST: California IN: CPR MLM ITE TLS SU: 10/30/2001 17:42 EST prnewswire.com