SAN JOSE, Calif. -- Foundry Networks(TM), Inc. (Nasdaq: FDRY - News), today announced preliminary revenue results for its fourth quarter and year ended December 31, 2006. Because of Foundry's continued work related to the previously announced restatement of its earnings, today's announcement of results for the fourth quarter of 2006 does not include a current income statement, balance sheet or other GAAP financials for the fourth quarter or prior periods.

Foundry's revenue for the fourth quarter of 2006 was $132.7 million, compared to $118.8 million reported for the third quarter of 2006 and $116.1 million in the fourth quarter of 2005.

Revenue for the full year 2006 was $474.0 million, compared to $403.9 million last year.

Foundry Networks Inc. (Nasdaq: FDRY)