Foundry Networks Announces Annual Stockholder Meeting Results

SAN JOSE, Calif., July 24 /PRNewswire-FirstCall/ — Foundry Networks(TM), Inc. , today announced the results of the stockholder vote held yesterday July 23, 2007 at its annual stockholder meeting in Santa Clara, CA. All proposals passed with a majority of the votes being cast in favor of each of the nominated directors and the ratification of Ernst & Young LLP, the Company’s independent registered public accounting firm.

About Foundry Networks

Foundry Networks, Inc. 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, access routers and metro 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 http://www.foundrynetworks.com/.

Foundry Networks, Inc.

CONTACT: Dan Fairfax, Chief Financial Officer, +1-408-207-1700,dfairfax@foundrynet.com, or Michael Iburg, Treasurer, +1-408-207-1305,miburg@foundrynet.com, both of Foundry Networks; or Investor Relations,Brendan Lahiff, +1-415-293-4425, brendan.lahiff@fd.com, for Foundry Networks

Web site: http://www.foundrynetworks.com/