Foundry Networks Inc.

Foundry Networks Inc. has announced that plaintiffs have voluntarily dismissed their appeal of the judgment rendered in favor of Foundry Networks and certain of its officers in the shareholder class action entitled In re Foundry Networks Securities Litigation, pending in the Ninth Circuit Court of Appeals. The suit had alleged violations of federal securities laws and purported to seek damages on behalf of a class of stockholders who purchased the Company's common stock during the period from September 7, 2000 to December 19, 2000. (Feb-10-05) [PR NEWSWIRE]