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Foundry Networks Added To The S&P MidCap 400 Index

SANTA CLARA, Calif. – Jan. 7, 2008 - Foundry Networks®, Inc. (Nasdaq: FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced that it has been added to the S&P MidCap 400 Index as of the close of trading on Dec. 27, 2007.  Foundry™ was placed in the index with an initial weighting of 0.234, among the top 45 percent of the companies in the index.

"We are pleased with the Index Committee's decision to include Foundry Networks in the S&P MidCap 400 Index," said Dan Fairfax, CFO for Foundry Networks.  "Inclusion in this prominent index is a strong endorsement of the hard work we have achieved over the history of the company and our strong presence in the marketplace.  It also provides a level of required investment in the company, as index funds maintain a certain investment level commensurate with the company's weighting within the index."

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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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