SAN JOSE, Calif. -- Foundry Networks®,Inc. (Nasdaq:FDRY - news), today announced that it expects net revenuefor thefirst quarter ended March 31, 2001 to be approximately $78 million to$81 million. Based on these revenues, the Company expects to be cashflow positive for thefirst quarter and post its ninth consecutive profitable quarter.

The Company attributed the reduced revenue expectations to lower thananticipated customer orders due primarily to a greater than expecteddomestic economicslowdown and weaker than expected spending trends within the networkinfrastructure equipment industry. ``Despite the lower revenueexpectations, we arenonetheless pleased that we expect to post a profit for the ninthconsecutive quarter," said Bobby R. Johnson, Jr., president and CEO ofFoundry Networks.

http://www.foundrynet.com