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Foundry Networks Announces Updated Financial Conference Schedule

San Jose, CA - May 6, 2003 - Foundry Networks, Inc. (Nasdaq: FDRY), today announced the following upcoming financial community events:

Wednesday, June 25, 2003 - Wachovia Securities Equity Conference
Location: Nantucket, MA
Time: 11:45 a.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

Tuesday, June 10, 2003 - Bear Sterns Technology Conference
Location: New York City
Time: 11:30 a.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

Thursday, June 5, 2003 - JMP Securities Research Conference
Location: San Francisco
Time 9:15 a.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

Thursday, May 8, 2003 - JP Morgan 31st Annual Technology Conference
Location: San Francisco
Time: 10:30 a.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

These presentations can be accessed on the Internet at www.foundrynetworks.com, under the Investor Relations page.

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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