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Foundry Networks Fourth Quarter Earnings Release

San Jose, Calif. - January 9, 2001 - Foundry Networks®, Inc. (NASDAQ: FDRY) today announced that it will release the financial results for its fourth quarter ended December 31, 2000 after the close of market, on January 24, 2001. A conference call will follow at 2:00 p.m. Pacific Time. A live Webcast of this call will be available at www.foundrynetworks.com.

About Foundry Networks

Foundry Networks, Inc. (NASDAQ: FDRY) is a leading provider of high-performance enterprise and service provider switching, routing, security and Web traffic management solutions, including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, metro routers and core routers. Foundry's customers include the world's premier ISPs, metro service providers, and enterprises, including e-commerce sites, universities, entertainment, health and wellness, government, financial and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynet.com.

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