Foundry Networks Expands Executive Management Team With New Vice President of Service Provider Sales; New Executive Position Added to Focus on Strategic Service Provider Market.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 29, 2002

Foundry Networks(R), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced the appointment of Craig Baily as vice president of service provider sales. Baily will manage all aspects of Foundry's sales and field operations focusing on the service provider and carrier markets.

With over 15 years of executive leadership experience and a proven track record of superior sales performance in the service provider and carrier markets, Baily will help evolve and execute Foundry's service provider strategy and further expand Foundry's leadership position in this critical market.

"Craig's broad sales experience in the service provider and carrier markets will be a strategic asset to our company and will help us to strengthen and grow our service provider business," said Bobby Johnson, president and CEO of Foundry Networks. "His extensive service provider and telecommunication carrier industry experience is immensely valuable in helping us to deliver solutions to meet customer requirements in these key markets. Craig has the skills and knowledge to make an immediate contribution to Foundry and we are very pleased to have him join us."

Prior to joining Foundry, Baily was the vice president of worldwide sales for Quarry Technologies, a provider of carrier-class IP service edge switching solutions. Prior to his experience at Quarry, Baily worked at Marconi Communications/Fore Systems as the vice president of service provider sales responsible for driving worldwide sales to the service provider market including tier one IXCs, ILECs, RBOCs, CLECs, ISPs, MSOs and IP carriers. During this time, he won major service provider and carrier accounts including UUNET, Cable & Wireless, Sprint, GTE, Level 3, Infonet, Time Warner, Qwest, Deutsche Telecom, Telefonica, China PTAs and Comcast. Baily has also held sales management positions at UB Networks and Proteon, Inc.

"I am thrilled to be part of the Foundry team," said Baily. "A service provider's business is based on the ability to provide customers with reliable value-added services. Foundry's end-to-end family of Layer 2/3 switches, Layer 4-7 Web switches and Internet routers give service providers the best possible platform for delivering cutting-edge, highly profitable services to their customers."

Foundry has had tremendous success providing innovative, scalable and high-performance switching and routing solutions, including metropolitan networking, Internet data center, Internet routing and content distribution networking, to service providers and carriers around the world. These Foundry solutions are currently deployed at leading service provider and carrier networks including AOL, AT&T, Cable & Wireless, China Telecom, NTT and British Telecom.

About Foundry Networks

Foundry Networks, Inc. (Nasdaq:FDRY) is a performance and total solutions leader for end-to-end switching and routing including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 Web switches and Internet routers. Foundry's 3,800 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. Some of these customers include: AOL (NYSE:AOL), EarthLink, China Telecom, MSN (Nasdaq:MSFT), Verio, Cable & Wireless (NYSE:CWP), Yahoo! (Nasdaq:YHOO), Incyte Genomics, Inc. (Nasdaq:INCY), Deutsche Bank, The University of Washington, University of Miami, Institut National de Recherche en Informatique et en Automatique (INRIA) of France, The British Library, U.S. Army, Air Force and Navy, NASA and the National Space Development Agency of Japan. For more information about the company and its products, call 888/TURBOLAN or visit www.foundrynetworks.com.

Note to Editors: Foundry Networks is a trademark of Foundry Networks, Inc.

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    CONTACT: Foundry Networks
             Michele Arnold, 408/586-1897
             [e-mail]
                 or
             Morgen-Walke
             Jason Golz, 415/296-7383 (Investor Relations)
             [e-mail]
             Ron Heckmann, 415/439-4513 (Business Press)
             [e-mail]
             Chris Toth, 415/439-4503 (Business Press)
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    KEYWORD: CALIFORNIA
    INDUSTRY KEYWORD: INTERNET NETWORKING TELECOMMUNICATIONS
MANAGEMENT CHANGES
    SOURCE: Foundry Networks