Foundry Networks and AOL Time Warner Announce Technology & Marketing Agreement.Business Editors/Hi-Tech Writers SAN JOSE, Calif & NEW YORK--(BUSINESS WIRE)--Mar. 22, 2001 Foundry Expands Technology Relationship with America Online; Agreement Includes Advertising Across AOL Time Warner Media Foundry Networks(R), Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FDRY), and AOL Time Warner (NYSE NYSE See: New York Stock Exchange :AOL) announced today an expanded multi-year, multi-million dollar technology and marketing agreement. This agreement expands an existing technology relationship between Foundry and America Online to include advertising solutions across AOL Time Warner's online, print and television properties. This agreement builds on the current relationship between AOL and Foundry under which Foundry provides America Online with networking products and services. Under the expanded agreement, Foundry will continue to provide networking products and services, and for the first time will be advertising across several AOL Time Warner properties including the America Online service and Netscape.com. In addition, Foundry will also advertise in Time Inc. publications and on the Turner Broadcasting System Turner Broadcasting System, Inc. (often abbreviated TBS Networks or TBS, inc.) is the company managing the collection of cable networks and properties started by Robert Edward "Ted" Turner from the mid-1970s to the late-1990s. . "Foundry has been a valued AOL partner for several years. Foundry's products have consistently provided a highly effective solution, helping us to continue growing the AOL service at a record breaking pace," said Joe Barrett, AOL's Vice President of Internet Operations. "We're excited to expand our relationship to include more of their quality technology solutions and further leverage Foundry's responsiveness and innovative products and we're very pleased that we can also work with them to help drive brand awareness through our offline and online marketing solutions." "AOL is a great partner as they push the technology envelope in order to provide the world's largest online customer base with the performance, reliability and security the world has come to expect from AOL," said Bobby Johnson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Foundry Networks. "Foundry is looking forward to delivering next generation solutions to help AOL increase bandwidth and evolve their networking requirements and to our new joint marketing agreement." About AOL Time Warner AOL Time Warner (NYSE:AOL) is the world's first Internet-powered media and communications company, whose industry-leading businesses include interactive services, cable systems, publishing, music, TV networks and filmed entertainment. About Foundry Networks Foundry Networks, Inc. (NASDAQ:FDRY) 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 3,000+ customers include the world's premier ISPs and enterprises, portals, search engines, e-commerce sites, and universities along with the leading entertainment, pharmaceutical, government, financial, and manufacturing companies. Some of these customers include: AOL, EarthLink (NASDAQ:ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ), AT&T WorldNet, MSN, and Cable & Wireless (NYSE:CWP CWP Coal workers' pneumoconiosis, see there ), Yahoo! (NASDAQ:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Incyte Genomics, Inc. (NASDAQ:INCY), The University of Washington, University of Washington, University of, at Seattle; state supported; coeducational; chartered and opened 1861 as the Territorial Univ. of Washington, renamed 1889. There are noted schools of medicine and engineering, and the university operates laboratories for the marine Miami, LucasFilm, U.S. Army, Air Force and Navy, NASA and NIH "Not invented here." See digispeak. NIH - The United States National Institutes of Health. . For more information about the company and its products, call 888/TURBO-LAN or visit http://www.foundrynetworks.com/. Foundry Networks is a registered trademark of Foundry Networks, Inc. |
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